Hanesbrands Inc. (NYSE:HBI) Given Average Rating of “Hold” by Brokerages

Hanesbrands Inc. (NYSE:HBIGet Rating) has been assigned a consensus rating of “Hold” from the twelve research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $10.10.

Several analysts recently weighed in on HBI shares. StockNews.com upgraded Hanesbrands from a “sell” rating to a “hold” rating in a research note on Friday, January 13th. Wells Fargo & Company downgraded Hanesbrands from an “overweight” rating to an “underweight” rating and decreased their target price for the company from $13.00 to $5.00 in a research note on Monday, October 31st. Barclays increased their target price on Hanesbrands from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Friday, January 13th. Credit Suisse Group downgraded Hanesbrands from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $10.00 to $7.00 in a research note on Wednesday, November 9th. Finally, Citigroup reduced their price objective on Hanesbrands from $11.00 to $7.00 and set a “neutral” rating for the company in a research report on Sunday, November 6th.

Hedge Funds Weigh In On Hanesbrands

A number of hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC raised its holdings in shares of Hanesbrands by 213.4% in the 4th quarter. Private Advisor Group LLC now owns 44,396 shares of the textile maker’s stock worth $282,000 after buying an additional 30,232 shares in the last quarter. Maryland State Retirement & Pension System acquired a new position in shares of Hanesbrands in the 4th quarter worth approximately $176,000. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Hanesbrands by 22.0% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 44,006 shares of the textile maker’s stock worth $280,000 after buying an additional 7,941 shares in the last quarter. J2 Capital Management Inc acquired a new position in shares of Hanesbrands in the 4th quarter worth approximately $253,000. Finally, Ronald Blue Trust Inc. increased its holdings in Hanesbrands by 189.7% during the 4th quarter. Ronald Blue Trust Inc. now owns 4,815 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 3,153 shares in the last quarter. 81.87% of the stock is owned by institutional investors and hedge funds.

Hanesbrands Stock Performance

HBI opened at $8.12 on Thursday. The company has a market cap of $2.83 billion, a PE ratio of 8.12 and a beta of 1.46. The stock has a 50-day moving average of $6.79 and a 200-day moving average of $8.26. Hanesbrands has a 52-week low of $5.65 and a 52-week high of $16.85. The company has a debt-to-equity ratio of 5.42, a quick ratio of 0.68 and a current ratio of 1.71.

Hanesbrands (NYSE:HBIGet Rating) last announced its earnings results on Wednesday, November 9th. The textile maker reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. Hanesbrands had a return on equity of 66.07% and a net margin of 5.39%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, equities research analysts forecast that Hanesbrands will post 0.98 earnings per share for the current fiscal year.

Hanesbrands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 13th. Stockholders of record on Tuesday, November 22nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, November 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.39%. Hanesbrands’s payout ratio is presently 60.00%.

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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Analyst Recommendations for Hanesbrands (NYSE:HBI)

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