Oppenheimer Holdings Inc. Analysts Give HanesBrands Inc. (HBI) a $35.00 Price Target
HanesBrands Inc. (NYSE:HBI) received a $35.00 target price from Oppenheimer Holdings Inc. in a report released on Monday. The firm currently has a “buy” rating on the stock. Oppenheimer Holdings Inc.’s price objective would suggest a potential upside of 47.12% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. FBR & Co set a $39.00 price objective on shares of HanesBrands and gave the stock a “buy” rating in a research note on Sunday, October 30th. Citigroup Inc. reduced their price objective on shares of HanesBrands from $37.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Credit Suisse Group AG restated a “buy” rating and issued a $37.00 price target on shares of HanesBrands in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded shares of HanesBrands from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Finally, Cowen and Company downgraded shares of HanesBrands from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $33.00 to $27.00 in a research note on Wednesday, October 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $33.69.
Shares of HanesBrands (NYSE:HBI) traded down 1.072% during mid-day trading on Monday, reaching $23.535. 3,196,142 shares of the company were exchanged. The stock has a market capitalization of $8.89 billion, a P/E ratio of 18.202 and a beta of 1.05. HanesBrands has a 12 month low of $23.25 and a 12 month high of $31.59. The firm has a 50-day moving average price of $24.65 and a 200 day moving average price of $25.97.
HanesBrands (NYSE:HBI) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.56 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. HanesBrands had a net margin of 8.55% and a return on equity of 61.39%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the company posted $0.50 earnings per share. HanesBrands’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts anticipate that HanesBrands will post $1.91 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Tuesday, November 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.44 annualized dividend and a dividend yield of 1.85%. HanesBrands’s dividend payout ratio is currently 33.85%.
In related news, Director Jessica Tuchman Mathews sold 5,433 shares of HanesBrands stock in a transaction on Monday, November 21st. The shares were sold at an average price of $24.52, for a total value of $133,217.16. Following the completion of the sale, the director now owns 127,839 shares of the company’s stock, valued at approximately $3,134,612.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the stock. Washington Trust Bank boosted its stake in shares of HanesBrands by 0.8% in the third quarter. Washington Trust Bank now owns 4,033 shares of the company’s stock valued at $102,000 after buying an additional 33 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of HanesBrands by 98.3% in the third quarter. Global X Management Co. LLC now owns 4,030 shares of the company’s stock valued at $102,000 after buying an additional 1,998 shares in the last quarter. First Personal Financial Services bought a new stake in shares of HanesBrands during the second quarter valued at $104,000. Kernodle & Katon Asset Management Group LLC bought a new stake in shares of HanesBrands during the third quarter valued at $114,000. Finally, Mizuho Asset Management Co. Ltd. boosted its stake in shares of HanesBrands by 102.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,937 shares of the company’s stock valued at $124,000 after buying an additional 2,493 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.
Hanesbrands Inc is a manufacturer and marketer of apparels. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports.
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