Analysts Set Hanesbrands Inc. (NYSE:HBI) Target Price at $17.44

Hanesbrands Inc. (NYSE:HBI) has been assigned a consensus rating of “Hold” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $17.88.

A number of equities research analysts have recently weighed in on the company. Citigroup lowered 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. Bank of America lowered their target price on Hanesbrands from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, ValuEngine lowered Hanesbrands from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd.

In other Hanesbrands news, insider Joia M. Johnson purchased 7,100 shares of the stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of $13.97 per share, with a total value of $99,187.00. Following the transaction, the insider now directly owns 115,830 shares of the company’s stock, valued at approximately $1,618,145.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gerald Evans purchased 10,000 shares of the stock in a transaction on Wednesday, August 7th. The shares were acquired at an average cost of $14.74 per share, with a total value of $147,400.00. Following the transaction, the chief executive officer now directly owns 1,655,880 shares in the company, valued at $24,407,671.20. The disclosure for this purchase can be found here. Corporate insiders own 1.04% of the company’s stock.



A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Investors Research Corp grew its holdings in shares of Hanesbrands by 22.2% during the 2nd quarter. Investors Research Corp now owns 3,300 shares of the textile maker’s stock worth $57,000 after acquiring an additional 600 shares during the period. Mason Street Advisors LLC grew its holdings in shares of Hanesbrands by 1.4% during the 1st quarter. Mason Street Advisors LLC now owns 51,562 shares of the textile maker’s stock worth $922,000 after acquiring an additional 704 shares during the period. Piedmont Investment Advisors Inc. grew its holdings in shares of Hanesbrands by 2.3% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 31,988 shares of the textile maker’s stock worth $572,000 after acquiring an additional 704 shares during the period. Naples Global Advisors LLC grew its holdings in shares of Hanesbrands by 2.9% during the 2nd quarter. Naples Global Advisors LLC now owns 25,777 shares of the textile maker’s stock worth $444,000 after acquiring an additional 725 shares during the period. Finally, Commonwealth Bank of Australia grew its holdings in shares of Hanesbrands by 22.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 4,551 shares of the textile maker’s stock worth $78,000 after acquiring an additional 843 shares during the period. 91.41% of the stock is owned by institutional investors and hedge funds.

HBI stock traded down $0.52 during mid-day trading on Friday, hitting $13.65. 7,064,326 shares of the stock were exchanged, compared to its average volume of 6,652,950. The company has a debt-to-equity ratio of 3.56, a current ratio of 1.77 and a quick ratio of 0.69. The business has a fifty day moving average price of $15.55 and a 200 day moving average price of $17.04. Hanesbrands has a 12 month low of $11.57 and a 12 month high of $19.38. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.85 and a beta of 1.10.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, August 1st. The textile maker reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Hanesbrands had a return on equity of 63.57% and a net margin of 8.13%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the company posted $0.45 EPS. Hanesbrands’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that Hanesbrands will post 1.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend is Monday, August 12th. Hanesbrands’s dividend payout ratio (DPR) is presently 35.09%.

Hanesbrands Company Profile

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.

Featured Story: Stochastic Momentum Index (SMI)

Analyst Recommendations for Hanesbrands (NYSE:HBI)

Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.