Hanesbrands Inc. (NYSE:HBI) received a “hold” consensus rating from analysts

Hanesbrands Inc. (NYSE: HBI – get rating) has received a “Hold” consensus recommendation from all thirteen analysts covering the company, Marketbeat.com reports. One analyst rated the stock a sell rating, three assigned a hold rating and three assigned a buy rating to the company. The average 1-year target price among brokers who have updated their hedge on the stock in the past year is $12.73.

HBI has been the subject of several recent investigative reports. UBS Group lowered its price target on Hanesbrands from $14.00 to $12.00 in a report on Friday, July 15. Evercore ISI downgraded Hanesbrands from an “outperform” rating to an “in line” rating and lowered its price target for the company from $18.00 to $12.00 in a research report on Wednesday, July 13. Cowen lowered his price target on Hanesbrands to $11.00 in a research report on Thursday, June 9. B. Riley lowered his price target on Hanesbrands from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 12. Ultimately, CL King lowered its price target on Hanesbrands from $17.00 to $15.00 in a research report on Friday, August 12.

Hanesbrands Institutional Negotiation

Several hedge funds and other institutional investors have recently changed their stock holdings. BlackRock Inc. increased its position in Hanesbrands shares by 2.7% in the first quarter. BlackRock Inc. now owns 37,582,047 shares of the textile maker valued at $559,599,000 after purchasing an additional 997,840 shares last quarter. Vanguard Group Inc. increased its position in Hanesbrands shares by 0.6% in the first quarter. Vanguard Group Inc. now owns 34,394,827 shares of the textile maker valued at $512,139,000 after acquiring an additional 210,175 shares last quarter. Diamond Hill Capital Management Inc. increased its position in Hanesbrands stock by 9.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 24,019,444 shares of the textile manufacturer valued at $357,650,000 after acquiring an additional 2,108,830 shares during the last quarter. Cooke & Bieler LP increased its position in Hanesbrands shares by 55.0% in the second quarter. Cooke & Bieler LP now owns 20,283,808 shares of the textile manufacturer valued at $208,721,000 after acquiring an additional 7,195,851 shares during the last quarter. Finally, Shapiro Capital Management LLC increased its position in Hanesbrands stock by 9.8% in the first quarter. Shapiro Capital Management LLC now owns 15,351,432 shares of the textile manufacturer valued at $228,583,000 after acquiring an additional 1,371,689 shares during the last quarter. Institutional investors and hedge funds own 87.58% of the company’s shares.

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Hanesbrand shares fell 2.9%

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Hanesbrands shares opened at $10.33 on Monday. The stock’s 50-day moving average is $10.72 and its 200-day moving average is $12.88. The company has a market capitalization of $3.6 billion, a PE ratio of 8.61, and a beta of 1.46. The company has a quick ratio of 0.69, a current ratio of 1.70, and a debt-to-equity ratio of 5.09. Hanesbrands has a 12-month minimum of $9.58 and a 12-month maximum of $19.78.

Hanesbrands (NYSE: HBI- get rating) last published its quarterly earnings results on Thursday, August 11. The textile maker reported earnings per share of $0.28 for the quarter, missing the consensus estimate of $0.33 per ($0.05). Hanesbrands had a net margin of 6.37% and a return on capital of 79.09%. The business had revenue of $1.51 billion in the quarter, compared with analyst estimates of $1.69 billion. During the same period last year, the company posted earnings per share of $0.47. The company’s quarterly revenue fell 13.8% year over year. Stock analysts anticipate Hanesbrands to post 1.15 earnings per share for the current year.

Hanesbrands announces dividend

The company also recently announced a quarterly dividend, to be paid on Wednesday, September 14. Investors registered on Wednesday, August 24 will receive a dividend of $0.15. This represents a dividend of $0.60 on an annualized basis and a dividend yield of 5.81%. The ex-dividend date of this dividend is Tuesday, August 23. Hanesbrands’ dividend payout ratio is currently 50.00%.

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Hanesbrands Company Profile

(get rating)

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources and sells a range of essential apparel for men, women and children. The company operates through three segments: underwear, sportswear and international. Sells men’s underwear, women’s panties, children’s underwear, sportswear, and socks, as well as intimate apparel such as bras and shapewear; Household items; and t-shirts, fleeces, performance apparel, athletic jerseys, performance tops and shorts, sports bras, teamwear and thermals, as well as authorized logo apparel in college bookstores, mass retailers and other channels.

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Analyst recommendations for Hanesbrands (NYSE:HBI)

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