Hanesbrands (HBI) Receives Daily News Impact Rating of 0.22

News articles about Hanesbrands (NYSE:HBI) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hanesbrands earned a news impact score of 0.22 on Accern’s scale. Accern also assigned news coverage about the textile maker an impact score of 46.4782303379278 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s rankings:

NYSE:HBI traded up $0.04 during midday trading on Friday, hitting $18.42. The company’s stock had a trading volume of 5,501,134 shares, compared to its average volume of 5,031,060. Hanesbrands has a fifty-two week low of $18.27 and a fifty-two week high of $25.73. The company has a current ratio of 1.90, a quick ratio of 0.85 and a debt-to-equity ratio of 5.40. The company has a market cap of $6,635.68, a PE ratio of 9.54, a price-to-earnings-growth ratio of 1.16 and a beta of 0.77.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. Hanesbrands had a net margin of 0.96% and a return on equity of 72.30%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the company earned $0.53 EPS. Hanesbrands’s quarterly revenue was up 4.4% on a year-over-year basis. equities research analysts predict that Hanesbrands will post 1.76 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.60 annualized dividend and a yield of 3.26%. Hanesbrands’s dividend payout ratio (DPR) is presently 31.09%.

Several equities analysts have recently issued reports on HBI shares. ValuEngine downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded shares of Hanesbrands from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. DA Davidson set a $27.00 price objective on shares of Hanesbrands and gave the company a “buy” rating in a report on Friday, February 9th. Credit Suisse Group started coverage on shares of Hanesbrands in a report on Monday, March 12th. They set a “neutral” rating and a $21.00 price objective on the stock. Finally, Citigroup restated a “neutral” rating and set a $23.00 price objective on shares of Hanesbrands in a report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $25.41.

In related news, insider W Howard Upchurch, Jr. sold 51,743 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $20.70, for a total value of $1,071,080.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.06% of the stock is currently owned by corporate insiders.

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About Hanesbrands

Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.

Insider Buying and Selling by Quarter for Hanesbrands (NYSE:HBI)

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