Shares of Hanesbrands Inc. (NYSE:HBI) have been given an average recommendation of “Buy” by the fifteen brokerages that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $26.99.
Several equities analysts have issued reports on HBI shares. Credit Suisse Group AG reissued a “focus list” rating on shares of Hanesbrands in a research note on Tuesday, February 7th. FBR & Co set a $33.00 target price on Hanesbrands and gave the stock a “buy” rating in a research report on Tuesday, February 14th. Brean Capital reaffirmed a “buy” rating and set a $32.00 target price (down from $35.00) on shares of Hanesbrands in a research report on Thursday, January 5th. Oppenheimer Holdings Inc. set a $32.00 target price on Hanesbrands and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Finally, Stifel Nicolaus lowered their target price on Hanesbrands from $26.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, February 3rd.
In other Hanesbrands news, CEO Gerald Evans sold 41,033 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $20.26, for a total value of $831,328.58. Following the completion of the transaction, the chief executive officer now owns 1,061,098 shares in the company, valued at approximately $21,497,845.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald L. Nelson acquired 5,000 shares of Hanesbrands stock in a transaction on Friday, March 10th. The stock was acquired at an average price of $19.92 per share, with a total value of $99,600.00. Following the purchase, the director now directly owns 105,652 shares in the company, valued at $2,104,587.84. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of HBI. Northwestern Mutual Wealth Management Co. increased its position in Hanesbrands by 141.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,241 shares of the textile maker’s stock valued at $308,000 after buying an additional 7,163 shares during the last quarter. Kentucky Retirement Systems purchased a new position in Hanesbrands during the second quarter valued at $807,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Hanesbrands during the second quarter valued at $383,000. Macquarie Group Ltd. increased its position in Hanesbrands by 26.9% in the second quarter. Macquarie Group Ltd. now owns 429,700 shares of the textile maker’s stock valued at $10,798,000 after buying an additional 91,050 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Hanesbrands by 13.5% in the third quarter. BNP Paribas Arbitrage SA now owns 114,661 shares of the textile maker’s stock valued at $2,895,000 after buying an additional 13,681 shares during the last quarter. Institutional investors own 96.30% of the company’s stock.
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Hanesbrands (NYSE:HBI) traded down 2.21% on Wednesday, hitting $21.65. 2,606,039 shares of the stock traded hands. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 15.40 and a beta of 0.90. Hanesbrands has a 12-month low of $18.91 and a 12-month high of $30.42. The stock has a 50-day moving average of $20.61 and a 200-day moving average of $22.41.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, February 2nd. The textile maker reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.05. Hanesbrands had a net margin of 8.95% and a return on equity of 64.51%. The business earned $1.58 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the firm posted $0.44 earnings per share. Hanesbrands’s quarterly revenue was up 11.8% compared to the same quarter last year. Analysts forecast that Hanesbrands will post $1.97 earnings per share for the current year.
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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