Hanesbrands Inc. (NYSE:HBI) to Issue $0.15 Quarterly Dividend

Hanesbrands Inc. (NYSE:HBI) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders of record on Tuesday, November 12th will be paid a dividend of 0.15 per share by the textile maker on Tuesday, December 3rd. This represents a $0.60 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Friday, November 8th.

HBI stock traded down $0.21 during mid-day trading on Wednesday, hitting $15.71. The company had a trading volume of 156,191 shares, compared to its average volume of 4,979,027. The firm has a market cap of $5.60 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 2.18 and a beta of 1.17. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.72 and a current ratio of 1.73. Hanesbrands has a 12 month low of $11.57 and a 12 month high of $19.38. The stock’s fifty day moving average price is $15.20 and its two-hundred day moving average price is $15.87.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, October 31st. The textile maker reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Hanesbrands had a net margin of 8.35% and a return on equity of 57.95%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts anticipate that Hanesbrands will post 1.77 earnings per share for the current year.

In related news, insider Joia M. Johnson bought 7,100 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average cost of $13.97 per share, with a total value of $99,187.00. Following the purchase, the insider now directly owns 115,830 shares of the company’s stock, valued at $1,618,145.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider W Howard Upchurch, Jr. sold 93,261 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $16.14, for a total value of $1,505,232.54. Following the transaction, the insider now owns 520,490 shares of the company’s stock, valued at $8,400,708.60. The disclosure for this sale can be found here. 1.04% of the stock is owned by company insiders.

Several brokerages recently commented on HBI. UBS Group cut their price objective on shares of Hanesbrands from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Goldman Sachs Group set a $15.00 price target on shares of Hanesbrands and gave the company a “hold” rating in a report on Friday, November 1st. Bank of America lowered their price objective on Hanesbrands from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. ValuEngine lowered Hanesbrands from a “sell” rating to a “strong sell” rating in a research report on Friday, November 1st. Finally, Citigroup reduced their target price on Hanesbrands from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $16.00.

About Hanesbrands

Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.

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Dividend History for Hanesbrands (NYSE:HBI)

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