Hanesbrands (HBI) Earns Daily Coverage Optimism Rating of 0.12
News articles about Hanesbrands (NYSE:HBI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hanesbrands earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media headlines about the textile maker an impact score of 46.2782763901775 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Norboard Donates Another Million to HBI (builderonline.com)
- Most Active Stock Recommendation: Hanesbrands Inc. (HBI) traded -9.49% away from 52-Week High – Voice Of Analysts (analystsbuzz.com)
- Analyzing Hanesbrands (HBI) and The Competition (americanbankingnews.com)
- Norbord Donates Another Million to HBI (builderonline.com)
- Hanesbrands : First-Ever National Legwear Day Kicks Off Fall Season (4-traders.com)
Hanesbrands (HBI) opened at 24.54 on Friday. The firm has a market cap of $8.94 billion, a P/E ratio of 16.08 and a beta of 0.71. Hanesbrands has a 1-year low of $18.91 and a 1-year high of $27.07. The company has a 50-day moving average price of $24.37 and a 200-day moving average price of $22.33.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. On average, equities research analysts forecast that Hanesbrands will post $1.99 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 2.44%. Hanesbrands’s dividend payout ratio (DPR) is 39.47%.
HBI has been the subject of several research reports. ValuEngine downgraded Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub raised Hanesbrands from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Zacks Investment Research downgraded Hanesbrands from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Buckingham Research reaffirmed a “buy” rating and set a $30.00 price target on shares of Hanesbrands in a report on Monday, July 17th. Finally, Credit Suisse Group set a $28.00 price target on Hanesbrands and gave the company a “buy” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.27.
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In related news, insider John T. Marsh sold 10,325 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $24.27, for a total transaction of $250,587.75. Following the sale, the insider now owns 99,997 shares of the company’s stock, valued at approximately $2,426,927.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard D. Moss sold 20,000 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $24.08, for a total value of $481,600.00. Following the sale, the chief financial officer now directly owns 254,487 shares in the company, valued at approximately $6,128,046.96. The disclosure for this sale can be found here. Insiders have sold a total of 73,704 shares of company stock worth $1,737,713 in the last three months. 1.10% of the stock is currently owned by insiders.
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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