James C. Johnson Purchases 2,000 Shares of Hanesbrands Inc. (NYSE:HBI) Stock

Hanesbrands Inc. (NYSE:HBIGet Rating) Director James C. Johnson acquired 2,000 shares of Hanesbrands stock in a transaction on Friday, September 9th. The stock was acquired at an average price of $9.11 per share, with a total value of $18,220.00. Following the purchase, the director now directly owns 26,913 shares in the company, valued at $245,177.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Hanesbrands Trading Up 3.3 %

Shares of HBI opened at $9.47 on Tuesday. Hanesbrands Inc. has a twelve month low of $8.34 and a twelve month high of $19.59. The stock has a market cap of $3.30 billion, a PE ratio of 7.89 and a beta of 1.51. The company has a quick ratio of 0.69, a current ratio of 1.70 and a debt-to-equity ratio of 5.09. The business’s 50-day moving average price is $10.30 and its 200-day moving average price is $12.15.

Hanesbrands (NYSE:HBIGet Rating) last posted its earnings results on Thursday, August 11th. The textile maker reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.05). Hanesbrands had a return on equity of 79.09% and a net margin of 6.37%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the company posted $0.47 EPS. The business’s revenue was down 13.8% on a year-over-year basis. On average, equities analysts forecast that Hanesbrands Inc. will post 1.16 EPS for the current fiscal year.

Hanesbrands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Wednesday, August 24th will be given a $0.15 dividend. The ex-dividend date is Tuesday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.34%. Hanesbrands’s dividend payout ratio (DPR) is presently 50.00%.

Hedge Funds Weigh In On Hanesbrands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HBI. abrdn plc grew its holdings in shares of Hanesbrands by 36.0% during the fourth quarter. abrdn plc now owns 2,582,567 shares of the textile maker’s stock worth $43,180,000 after purchasing an additional 683,924 shares in the last quarter. UMB Bank N A MO purchased a new position in Hanesbrands in the 4th quarter worth approximately $51,000. BNP Paribas Arbitrage SA increased its holdings in shares of Hanesbrands by 1.3% in the 4th quarter. BNP Paribas Arbitrage SA now owns 243,458 shares of the textile maker’s stock worth $4,071,000 after buying an additional 3,034 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Hanesbrands by 168.8% during the 4th quarter. Principal Financial Group Inc. now owns 1,206,232 shares of the textile maker’s stock valued at $20,168,000 after buying an additional 757,496 shares in the last quarter. Finally, WINTON GROUP Ltd raised its position in shares of Hanesbrands by 13.2% during the 4th quarter. WINTON GROUP Ltd now owns 20,619 shares of the textile maker’s stock valued at $345,000 after buying an additional 2,405 shares in the last quarter. 88.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HBI shares. Wells Fargo & Company reduced their price target on shares of Hanesbrands from $18.00 to $13.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. TheStreet lowered shares of Hanesbrands from a “b-” rating to a “c+” rating in a research note on Monday, June 6th. Evercore ISI downgraded Hanesbrands from an “outperform” rating to an “in-line” rating and dropped their price objective for the company from $18.00 to $12.00 in a research note on Wednesday, July 13th. Barclays decreased their target price on Hanesbrands from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Monday, August 15th. Finally, StockNews.com cut Hanesbrands from a “hold” rating to a “sell” rating in a research report on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.73.

Hanesbrands Company Profile

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

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