Oppenheimer Holdings Inc. set a $35.00 price target on HanesBrands Inc. (NYSE:HBI) in a report issued on Monday. The firm currently has a buy rating on the stock.

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.

COPYRIGHT VIOLATION WARNING: This article was first reported by Daily Political and is the propert of of Daily Political. If you are reading this article on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this article can be accessed at http://www.dailypolitical.com/2016/11/29/hanesbrands-inc-hbi-given-a-35-00-price-target-at-oppenheimer-holdings-inc.html.

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.

About HanesBrands

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.

5 Day Chart for NYSE:HBI

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