HanesBrands Inc. (HBI) Trading 1.1% Higher
HanesBrands Inc. (NYSE:HBI) shares traded 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 changing hands. The stock had previously closed at $26.52.
A number of research analysts have recently commented on the company. Brean Capital reissued a “buy” rating on shares of HanesBrands in a report on Thursday, April 28th. FBR & Co reissued a “buy” rating and set a $39.00 price objective on shares of HanesBrands in a report on Saturday, April 23rd. Zacks Investment Research lowered HanesBrands from a “hold” rating to a “sell” rating in a report on Tuesday, April 5th. Nomura Holdings Inc. lowered their price objective on HanesBrands from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, April 8th. Finally, Wells Fargo & Co. reissued a “buy” rating and set a $33.00 price objective on shares of HanesBrands in a report on Wednesday, April 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. HanesBrands presently has an average rating of “Buy” and a consensus target price of $34.00.
The company has a 50 day moving average price of $26.40 and a 200 day moving average price of $27.77. The stock has a market capitalization of $10.09 billion and a P/E ratio of 23.35.
HanesBrands (NYSE:HBI) last released its quarterly earnings results on Thursday, April 21st. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the firm posted $0.22 earnings per share. HanesBrands’s revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that HanesBrands Inc. will post $1.93 earnings per share for the current fiscal year.
In related news, insider John T. Marsh sold 10,986 shares of HanesBrands stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $27.30, for a total transaction 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 approximately $4,262,731.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jessica Tuchman Mathews purchased 1,792 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The shares were purchased at an average cost of $27.52 per share, with a total value of $49,315.84. Following the completion of the purchase, the director now owns 133,272 shares in the company, valued at approximately $3,667,645.44. The disclosure for this purchase can be found here.
A number of large investors recently made changes to their positions in the stock. Janus Capital Management raised its stake in shares of HanesBrands by 14.6% in the third quarter. Janus Capital Management now owns 4,836,241 shares of the company’s stock worth $139,961,000 after buying an additional 616,735 shares during the last quarter. ProShare Advisors LLC raised 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 last quarter. New York State Common Retirement Fund raised its stake in shares of HanesBrands by 10.3% in the fourth quarter. New York State Common Retirement Fund now owns 1,338,940 shares of the company’s stock worth $39,405,000 after buying an additional 125,013 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of HanesBrands by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 33,072,811 shares of the company’s stock worth $973,333,000 after buying an additional 138,136 shares during the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. raised its stake in shares of HanesBrands by 0.7% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 589,905 shares of the company’s stock worth $17,154,000 after buying an additional 4,213 shares during the last quarter.
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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