Equities research analysts forecast that Hanesbrands Inc. (NYSE:HBI) will report $1.43 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Hanesbrands’ earnings, with the lowest sales estimate coming in at $1.42 billion and the highest estimate coming in at $1.44 billion. Hanesbrands reported sales of $1.38 billion in the same quarter last year, which would suggest a positive year over year growth rate of 3.6%. The company is scheduled to report its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Hanesbrands will report full year sales of $1.43 billion for the current financial year, with estimates ranging from $6.70 billion to $6.78 billion. For the next year, analysts forecast that the company will post sales of $6.87 billion per share, with estimates ranging from $6.80 billion to $6.92 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Hanesbrands.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, February 8th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. The business had revenue of $1.65 billion for 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share.
A number of brokerages recently issued reports on HBI. Deutsche Bank initiated coverage on shares of Hanesbrands in a research note on Monday, October 23rd. They issued a “buy” rating and a $29.00 price objective on the stock. ValuEngine cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Barclays decreased their target price on shares of Hanesbrands from $31.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. Finally, Morgan Stanley decreased their target price on shares of Hanesbrands from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.60.
In other news, insider W Howard Upchurch, Jr. sold 51,743 shares of Hanesbrands stock in a transaction on 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 document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in HBI. Amundi Pioneer Asset Management Inc. acquired a new position in Hanesbrands in the fourth quarter valued at $99,475,000. Bank of New York Mellon Corp lifted its holdings in Hanesbrands by 69.1% in the fourth quarter. Bank of New York Mellon Corp now owns 7,843,724 shares of the textile maker’s stock valued at $164,012,000 after buying an additional 3,205,719 shares during the period. ArrowMark Colorado Holdings LLC acquired a new position in Hanesbrands in the fourth quarter valued at $65,468,000. Millennium Management LLC lifted its holdings in Hanesbrands by 29,067.1% in the fourth quarter. Millennium Management LLC now owns 2,845,250 shares of the textile maker’s stock valued at $59,494,000 after buying an additional 2,835,495 shares during the period. Finally, Check Capital Management Inc. CA lifted its holdings in Hanesbrands by 100.0% in the third quarter. Check Capital Management Inc. CA now owns 4,413,635 shares of the textile maker’s stock valued at $108,752,000 after buying an additional 2,207,066 shares during the period. Institutional investors and hedge funds own 96.65% of the company’s stock.
Hanesbrands (HBI) opened at $20.49 on Tuesday. The stock has a market cap of $7,381.38, a P/E ratio of 10.56, a P/E/G ratio of 1.29 and a beta of 0.68. The company has a debt-to-equity ratio of 5.40, a current ratio of 1.90 and a quick ratio of 0.85. Hanesbrands has a one year low of $18.57 and a one year high of $25.73.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.93%. Hanesbrands’s dividend payout ratio (DPR) is presently 400.00%.
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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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