HanesBrands Inc. (HBI) Trading Up 1.1%
Shares of HanesBrands Inc. (NYSE:HBI) were up 1.1% during trading on Tuesday . The company traded as high as $26.90 and last traded at $26.80, with a volume of 952,972 shares. The stock had previously closed at $26.52.
A number of analysts have commented on HBI shares. Zacks Investment Research upgraded HanesBrands from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, April 12th. Brean Capital reissued a “buy” rating on shares of HanesBrands in a report on Saturday, April 9th. FBR & Co reissued a “buy” rating and issued a $39.00 price target on shares of HanesBrands in a report on Sunday, April 10th. Nomura Holdings Inc. cut their price target on HanesBrands from $33.00 to $31.00 and set a “buy” rating for the company in a report on Friday, April 8th. Finally, Wells Fargo & Co. reissued a “buy” rating and issued a $33.00 price target on shares of HanesBrands in a report on Wednesday, April 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $34.00.
The stock has a market capitalization of $10.27 billion and a P/E ratio of 23.76. The company has a 50 day moving average of $26.41 and a 200 day moving average of $27.75.
HanesBrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, April 21st. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.04. The firm earned $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the company posted $0.22 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Equities research analysts anticipate that HanesBrands Inc. will post $1.93 EPS for the current fiscal year.
In other news, Director Jessica Tuchman Mathews acquired 1,792 shares of HanesBrands stock in a transaction that occurred on Friday, May 6th. The stock was purchased at an average cost of $27.52 per share, with a total value of $49,315.84. Following the purchase, the director now owns 133,272 shares in the company, valued at $3,667,645.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John T. Marsh sold 10,986 shares of the stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $27.30, for a total value of $299,917.80. Following the completion of the transaction, the insider now directly owns 156,144 shares of the company’s stock, valued at $4,262,731.20. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently bought and sold shares of the stock. Advantus Capital Management Inc increased its position in HanesBrands by 1.1% in the fourth quarter. Advantus Capital Management Inc now owns 38,065 shares of the company’s stock valued at $1,120,000 after buying an additional 402 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of HanesBrands by 5.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 53,320 shares of the company’s stock worth $1,569,000 after buying an additional 2,945 shares during the period. ProShare Advisors LLC increased its stake in shares of HanesBrands by 6.0% in the fourth quarter. ProShare Advisors LLC now owns 57,457 shares of the company’s stock worth $1,691,000 after buying an additional 3,230 shares during the period. Suntrust Banks Inc. increased its stake in shares of HanesBrands by 759.3% in the fourth quarter. Suntrust Banks Inc. now owns 69,369 shares of the company’s stock worth $2,041,000 after buying an additional 61,296 shares during the period. Finally, Aberdeen Asset Management PLC UK increased its stake in shares of HanesBrands by 27.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 77,757 shares of the company’s stock worth $2,194,000 after buying an additional 16,960 shares during the period.
Hanesbrands Inc is a manufacturer and marketer of apparel. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s innerwear and activewear apparel brands include Hanes, Champion, Bali, Playtex, Maidenform, JMS/Just My Size, L’eggs, Flexees, barely there, Wonderbra, Gear for Sports and Lilyette.
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