Hanesbrands Inc. (HBI) Given Consensus Rating of “Hold” by Brokerages

Shares of Hanesbrands Inc. (NYSE:HBI) have received a consensus recommendation of “Hold” from the thirteen analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $18.27.

A number of research firms have recently issued reports on HBI. Zacks Investment Research raised Hanesbrands from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Barclays set a $19.00 price objective on Hanesbrands and gave the company a “hold” rating in a research report on Saturday, February 9th. Finally, ValuEngine raised Hanesbrands from a “strong sell” rating to a “sell” rating in a research report on Friday, February 8th.

In other news, CFO Barry Hytinen purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average cost of $17.56 per share, with a total value of $175,600.00. Following the acquisition, the chief financial officer now owns 176,312 shares in the company, valued at approximately $3,096,038.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.04% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Comerica Bank increased its stake in Hanesbrands by 0.9% during the 4th quarter. Comerica Bank now owns 72,967 shares of the textile maker’s stock worth $1,111,000 after acquiring an additional 673 shares during the period. Hartford Investment Management Co. increased its stake in Hanesbrands by 1.1% during the 4th quarter. Hartford Investment Management Co. now owns 62,904 shares of the textile maker’s stock worth $788,000 after acquiring an additional 698 shares during the period. Mason Street Advisors LLC increased its stake in Hanesbrands by 1.4% during the 1st quarter. Mason Street Advisors LLC now owns 51,562 shares of the textile maker’s stock worth $922,000 after acquiring an additional 704 shares during the period. Piedmont Investment Advisors Inc. increased its stake in Hanesbrands by 2.3% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 31,988 shares of the textile maker’s stock worth $572,000 after acquiring an additional 704 shares during the period. Finally, Banced Corp increased its stake in Hanesbrands by 3.7% during the 4th quarter. Banced Corp now owns 21,075 shares of the textile maker’s stock worth $264,000 after acquiring an additional 759 shares during the period. 95.59% of the stock is owned by institutional investors and hedge funds.

NYSE HBI traded down $0.04 during trading hours on Friday, hitting $16.44. 118,070 shares of the company traded hands, compared to its average volume of 5,539,715. Hanesbrands has a twelve month low of $11.57 and a twelve month high of $22.57. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.64 and a current ratio of 1.66. The stock has a market capitalization of $5.83 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 3.06 and a beta of 0.93.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, May 2nd. The textile maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. Hanesbrands had a return on equity of 69.68% and a net margin of 7.99%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, research analysts forecast that Hanesbrands will post 1.76 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, May 13th. This represents a $0.60 annualized dividend and a yield of 3.65%. Hanesbrands’s payout ratio is currently 35.09%.

About Hanesbrands

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.

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Analyst Recommendations for Hanesbrands (NYSE:HBI)

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