HanesBrands Inc. (HBI) Given a $35.00 Price Target at Oppenheimer Holdings Inc.
Other analysts have also recently issued reports about the stock. Credit Suisse Group AG reaffirmed a buy rating and set a $37.00 price target on shares of HanesBrands in a research report on Wednesday, August 3rd. Citigroup Inc. decreased their price target on shares of HanesBrands from $37.00 to $32.00 and set a buy rating for the company in a research report on Thursday, August 4th. Zacks Investment Research cut shares of HanesBrands from a hold rating to a sell rating in a research report on Tuesday, August 9th. Cowen and Company cut shares of HanesBrands from an outperform rating to a market perform rating and decreased their price target for the stock from $33.00 to $27.00 in a research report on Wednesday, October 12th. Finally, FBR & Co set a $39.00 price target on shares of HanesBrands and gave the stock a buy rating in a research report on Sunday, October 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $33.69.
HanesBrands (NYSE:HBI) traded down 1.13% during mid-day trading on Monday, reaching $23.52. The company’s stock had a trading volume of 3,214,481 shares. The stock’s 50 day moving average price is $24.65 and its 200 day moving average price is $25.97. HanesBrands has a 1-year low of $23.25 and a 1-year high of $31.59. The stock has a market capitalization of $8.89 billion, a P/E ratio of 18.19 and a beta of 1.05.
HanesBrands (NYSE:HBI) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. The business earned $1.76 billion during the quarter, compared to the consensus estimate of $1.77 billion. HanesBrands had a return on equity of 61.39% and a net margin of 8.55%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 EPS. Analysts expect that HanesBrands will post $1.91 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, November 10th. This represents a $0.44 annualized dividend and a yield of 1.85%. HanesBrands’s dividend payout ratio (DPR) is 33.85%.
In related news, Director Jessica Tuchman Mathews sold 5,433 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $24.52, for a total transaction of $133,217.16. Following the sale, the director now owns 127,839 shares in the company, valued at $3,134,612.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Scopus Asset Management L.P. purchased a new stake in shares of HanesBrands during the third quarter valued at approximately $100,770,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of HanesBrands during the third quarter valued at approximately $60,892,000. Columbia Wanger Asset Management LLC purchased a new stake in shares of HanesBrands during the second quarter valued at approximately $59,627,000. Meritage Group LP raised its stake in shares of HanesBrands by 112.9% in the second quarter. Meritage Group LP now owns 3,673,626 shares of the company’s stock valued at $92,318,000 after buying an additional 1,948,446 shares during the last quarter. Finally, RidgeWorth Capital Management LLC raised its stake in shares of HanesBrands by 170.5% in the second quarter. RidgeWorth Capital Management LLC now owns 2,887,677 shares of the company’s stock valued at $73,924,000 after buying an additional 1,820,170 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.
Hanesbrands Inc is a manufacturer and marketer of apparels. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports.
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