Hanesbrands Inc. (NYSE:HBI) insider W Howard Upchurch, Jr. sold 51,743 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $20.70, for a total transaction of $1,071,080.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Hanesbrands Inc. (HBI) opened at $20.49 on Monday. The stock has a market cap of $7,470.00, a PE ratio of 14.53, a P/E/G ratio of 1.29 and a beta of 0.71. Hanesbrands Inc. has a 1-year low of $18.57 and a 1-year high of $25.73. The company has a current ratio of 1.90, a quick ratio of 0.85 and a debt-to-equity ratio of 5.40.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Hanesbrands had a net margin of 0.96% and a return on equity of 72.30%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. analysts predict that Hanesbrands Inc. will post 1.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.60 annualized dividend and a yield of 2.93%. Hanesbrands’s dividend payout ratio is currently 42.55%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Engine Capital Management LLC acquired a new position in Hanesbrands during the third quarter worth about $106,000. QS Investors LLC grew its position in Hanesbrands by 2.8% during the second quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after buying an additional 140 shares during the period. Tiedemann Wealth Management LLC grew its position in Hanesbrands by 12.4% during the third quarter. Tiedemann Wealth Management LLC now owns 34,254 shares of the textile maker’s stock worth $129,000 after buying an additional 3,787 shares during the period. Global Trust Asset Management LLC acquired a new position in Hanesbrands during the fourth quarter worth about $134,000. Finally, Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in Hanesbrands during the fourth quarter worth about $134,000. 95.26% of the stock is owned by hedge funds and other institutional investors.
HBI has been the subject of a number of research reports. B. Riley reaffirmed a “buy” rating on shares of Hanesbrands in a report on Thursday, November 2nd. Buckingham Research reduced their target price on shares of Hanesbrands from $30.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. Deutsche Bank initiated coverage on shares of Hanesbrands in a report on Monday, October 23rd. They issued a “buy” rating and a $29.00 target price for the company. DA Davidson set a $27.00 target price on shares of Hanesbrands and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Morgan Stanley reduced their target price on shares of Hanesbrands from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $25.60.
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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