Analysts predict that Hanesbrands Inc. (NYSE:HBI) will announce $1.75 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Hanesbrands’ earnings. Hanesbrands posted sales of $1.77 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.1%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 6th.
According to Zacks, analysts expect that Hanesbrands will report full year sales of $6.96 billion for the current financial year, with estimates ranging from $6.96 billion to $6.97 billion. For the next fiscal year, analysts anticipate that the company will report sales of $6.81 billion, with estimates ranging from $6.75 billion to $6.91 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Hanesbrands.
Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, October 31st. The textile maker reported $0.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Hanesbrands had a return on equity of 57.95% and a net margin of 8.35%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS.
Several research analysts have recently issued reports on the stock. Barclays initiated coverage on shares of Hanesbrands in a report on Tuesday, November 12th. They issued an “equal weight” rating and a $16.00 target price for the company. Goldman Sachs Group set a $15.00 price target on shares of Hanesbrands and gave the stock a “hold” rating in a research note on Friday, November 1st. ValuEngine raised shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a research report on Tuesday. B. Riley restated a “buy” rating and issued a $26.00 price objective on shares of Hanesbrands in a research note on Monday, November 25th. Finally, UBS Group dropped their price objective on Hanesbrands from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Hanesbrands presently has an average rating of “Hold” and an average target price of $16.88.
In other news, insider W Howard Upchurch, Jr. sold 93,261 shares of Hanesbrands stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $16.14, for a total value of $1,505,232.54. Following the transaction, the insider now directly owns 520,490 shares of the company’s stock, valued at approximately $8,400,708.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.04% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in Hanesbrands by 95.4% during the 1st quarter. FMR LLC now owns 28,275 shares of the textile maker’s stock worth $506,000 after acquiring an additional 13,807 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in shares of Hanesbrands by 21.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 490,677 shares of the textile maker’s stock worth $8,773,000 after purchasing an additional 86,798 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Hanesbrands by 66.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 44,708 shares of the textile maker’s stock worth $770,000 after purchasing an additional 17,872 shares during the period. AE Wealth Management LLC acquired a new stake in shares of Hanesbrands during the second quarter worth $215,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in Hanesbrands in the 2nd quarter valued at $155,000. 96.10% of the stock is currently owned by hedge funds and other institutional investors.
HBI stock opened at $14.86 on Friday. The stock has a market cap of $5.45 billion, a P/E ratio of 8.69, a PEG ratio of 2.13 and a beta of 1.14. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 3.11. Hanesbrands has a twelve month low of $11.57 and a twelve month high of $19.38. The company’s 50 day moving average is $15.44 and its two-hundred day moving average is $15.49.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Friday, November 8th. Hanesbrands’s payout ratio is currently 35.09%.
Hanesbrands Company Profile
Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.
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