HanesBrands Inc. (NYSE:HBI) – Equities research analysts at FBR & Co decreased their FY2016 EPS estimates for HanesBrands in a research note issued on Friday. FBR & Co analyst S. Anderson now anticipates that the firm will post earnings of $1.92 per share for the year, down from their previous forecast of $1.95. FBR & Co has a “Buy” rating and a $39.00 price objective on the stock. FBR & Co also issued estimates for HanesBrands’ Q1 2017 earnings at $0.31 EPS, Q2 2017 earnings at $0.59 EPS, Q3 2017 earnings at $0.59 EPS, Q4 2017 earnings at $0.59 EPS and FY2017 earnings at $2.19 EPS.
HanesBrands (NYSE:HBI) last issued its earnings results on Thursday, October 27th. The company reported $0.56 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.56. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.77 billion. HanesBrands had a return on equity of 61.39% and a net margin of 8.55%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 EPS.
Several other equities research analysts also recently weighed in on HBI. 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 note on Thursday, August 4th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $37.00 price target on shares of HanesBrands in a research note on Wednesday, August 3rd. Oppenheimer Holdings Inc. set a $35.00 price target on shares of HanesBrands and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research raised shares of HanesBrands from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Finally, Cowen and Company downgraded shares of HanesBrands from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $33.00 to $27.00 in a research note on Wednesday, October 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $33.69.
HanesBrands (NYSE:HBI) opened at 25.77 on Monday. The firm has a market capitalization of $9.78 billion, a PE ratio of 19.93 and a beta of 0.94. HanesBrands has a one year low of $23.25 and a one year high of $33.24. The company has a 50 day moving average price of $25.32 and a 200-day moving average price of $26.50.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Tuesday, November 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.71%. The ex-dividend date is Thursday, November 10th. HanesBrands’s dividend payout ratio (DPR) is presently 33.85%.
In other news, CEO Richard A. Noll purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were acquired at an average cost of $25.74 per share, for a total transaction of $514,800.00. Following the completion of the acquisition, the chief executive officer now owns 870,077 shares in the company, valued at $22,395,781.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its position in HanesBrands by 0.9% in the first quarter. Legal & General Group Plc now owns 1,605,117 shares of the company’s stock valued at $45,491,000 after buying an additional 13,534 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in HanesBrands by 402.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 4,946,854 shares of the company’s stock worth $140,194,000 after buying an additional 3,962,084 shares during the last quarter. Capital Fund Management S.A. boosted its position in HanesBrands by 194.9% in the second quarter. Capital Fund Management S.A. now owns 622,908 shares of the company’s stock worth $15,654,000 after buying an additional 411,679 shares during the last quarter. Sit Investment Associates Inc. boosted its position in HanesBrands by 241.0% in the second quarter. Sit Investment Associates Inc. now owns 562,860 shares of the company’s stock worth $14,145,000 after buying an additional 397,790 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in HanesBrands by 1.3% in the first quarter. Geode Capital Management LLC now owns 3,101,474 shares of the company’s stock worth $87,713,000 after buying an additional 41,096 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.
HanesBrands Company Profile