Insider Buying: Hanesbrands (HBI) CFO Purchases 21,890 Shares of Stock

Hanesbrands (NYSE:HBI) CFO Barry Hytinen purchased 21,890 shares of the business’s stock in a transaction on Thursday, May 17th. The shares were bought at an average price of $17.47 per share, for a total transaction of $382,418.30. Following the acquisition, the chief financial officer now owns 93,867 shares in the company, valued at $1,639,856.49. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hanesbrands opened at $18.14 on Friday, according to MarketBeat Ratings. Hanesbrands has a one year low of $17.32 and a one year high of $17.79. The stock has a market capitalization of $6.38 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 1.34 and a beta of 0.72. The company has a current ratio of 2.03, a quick ratio of 0.81 and a debt-to-equity ratio of 5.93.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Tuesday, May 1st. The textile maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Hanesbrands had a return on equity of 75.80% and a net margin of 1.08%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. research analysts expect that Hanesbrands will post 1.76 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 5th. Stockholders of record on Tuesday, May 15th will be issued a $0.15 dividend. The ex-dividend date is Monday, May 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.31%. Hanesbrands’s payout ratio is currently 31.09%.

Several equities research analysts have weighed in on HBI shares. Barclays upped their price target on Hanesbrands from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. ValuEngine downgraded Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. B. Riley cut their price target on Hanesbrands from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. DA Davidson set a $27.00 price target on Hanesbrands and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Wells Fargo set a $20.00 price target on Hanesbrands and gave the stock a “hold” rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. Hanesbrands currently has an average rating of “Hold” and an average price target of $24.22.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Optimum Investment Advisors acquired a new stake in shares of Hanesbrands in the 1st quarter valued at about $103,000. Global Trust Asset Management LLC acquired a new stake in shares of Hanesbrands in the 4th quarter valued at about $134,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in shares of Hanesbrands in the 4th quarter valued at about $134,000. Stratos Wealth Partners LTD. boosted its position in shares of Hanesbrands by 183.5% in the 1st quarter. Stratos Wealth Partners LTD. now owns 7,358 shares of the textile maker’s stock valued at $136,000 after purchasing an additional 4,763 shares during the period. Finally, PenderFund Capital Management Ltd. acquired a new stake in shares of Hanesbrands in the 1st quarter valued at about $140,000. Institutional investors and hedge funds own 98.80% of the company’s stock.

About Hanesbrands

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.

Insider Buying and Selling by Quarter for Hanesbrands (NYSE:HBI)

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