Hanesbrands Inc. (HBI) Receives Average Recommendation of “Hold” from Analysts

Hanesbrands Inc. (NYSE:HBI) has received a consensus recommendation of “Hold” from the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $21.43.

HBI has been the subject of several recent research reports. ValuEngine lowered Hanesbrands from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. Barclays lowered Hanesbrands from an “overweight” rating to an “equal weight” rating and set a $22.00 target price for the company. in a report on Thursday, August 2nd. Credit Suisse Group lowered their target price on Hanesbrands from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 2nd. Bank of America lowered their target price on Hanesbrands from $24.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, August 2nd. Finally, Buckingham Research lowered their target price on Hanesbrands from $28.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, August 16th.

In other news, CEO Gerald Evans bought 6,500 shares of the business’s stock in a transaction on Monday, November 19th. The stock was purchased at an average cost of $14.98 per share, for a total transaction of $97,370.00. Following the completion of the transaction, the chief executive officer now directly owns 1,392,949 shares of the company’s stock, valued at approximately $20,866,376.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Barry Hytinen bought 10,100 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was purchased at an average price of $14.59 per share, with a total value of $147,359.00. Following the completion of the transaction, the chief financial officer now directly owns 91,238 shares of the company’s stock, valued at $1,331,162.42. The disclosure for this purchase can be found here. Insiders purchased a total of 61,600 shares of company stock valued at $940,079 over the last three months. Corporate insiders own 1.06% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HBI. Truvestments Capital LLC acquired a new stake in Hanesbrands in the third quarter worth approximately $129,000. WP Advisors LLC acquired a new stake in shares of Hanesbrands during the 2nd quarter valued at $145,000. Tower Research Capital LLC TRC lifted its position in shares of Hanesbrands by 110.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,079 shares of the textile maker’s stock valued at $149,000 after acquiring an additional 4,239 shares during the last quarter. Amica Retiree Medical Trust lifted its position in shares of Hanesbrands by 180.3% during the 2nd quarter. Amica Retiree Medical Trust now owns 7,296 shares of the textile maker’s stock valued at $161,000 after acquiring an additional 4,693 shares during the last quarter. Finally, BlueMountain Capital Management LLC acquired a new stake in shares of Hanesbrands during the 3rd quarter valued at $165,000.

NYSE HBI traded down $0.42 on Friday, hitting $15.30. 169,792 shares of the stock traded hands, compared to its average volume of 7,091,692. Hanesbrands has a twelve month low of $14.39 and a twelve month high of $23.33. The stock has a market capitalization of $5.67 billion, a P/E ratio of 7.93, a PEG ratio of 0.91 and a beta of 0.39. The company has a quick ratio of 0.79, a current ratio of 1.84 and a debt-to-equity ratio of 4.44.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, November 1st. The textile maker reported $0.55 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Hanesbrands had a return on equity of 85.49% and a net margin of 0.10%. Hanesbrands’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 earnings per share. On average, analysts anticipate that Hanesbrands will post 1.73 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Tuesday, November 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Friday, November 9th. Hanesbrands’s dividend payout ratio (DPR) is 31.09%.

About Hanesbrands

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.

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Analyst Recommendations for Hanesbrands (NYSE:HBI)

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