Equities analysts predict that Hanesbrands Inc. (NYSE:HBI) will report sales of $1.53 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Hanesbrands’ earnings, with the lowest sales estimate coming in at $1.53 billion and the highest estimate coming in at $1.54 billion. Hanesbrands reported sales of $1.47 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.1%. The firm is expected to announce its next quarterly earnings results on Tuesday, May 7th.
According to Zacks, analysts expect that Hanesbrands will report full year sales of $6.91 billion for the current fiscal year, with estimates ranging from $6.89 billion to $6.94 billion. For the next financial year, analysts anticipate that the firm will report sales of $6.88 billion, with estimates ranging from $6.70 billion to $7.13 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Hanesbrands.
Get Hanesbrands alerts:Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, February 7th. The textile maker reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. Hanesbrands had a return on equity of 76.43% and a net margin of 8.13%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Hanesbrands from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Barclays set a $16.00 target price on Hanesbrands and gave the company a “hold” rating in a research note on Friday, January 11th. Wells Fargo & Co lowered their price target on Hanesbrands from $18.00 to $14.00 and set a “market perform” rating for the company in a report on Wednesday, January 2nd. Deutsche Bank downgraded Hanesbrands from a “buy” rating to a “hold” rating and lowered their price target for the stock from $24.00 to $16.00 in a report on Friday, January 11th. Finally, Citigroup raised their price target on Hanesbrands from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, December 3rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $20.53.
In other news, Director Jessica Tuchman Mathews sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $13.57, for a total value of $203,550.00. Following the completion of the sale, the director now directly owns 139,693 shares in the company, valued at $1,895,634.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider W Howard Upchurch, Jr. sold 40,688 shares of the business’s stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $14.81, for a total value of $602,589.28. Following the completion of the sale, the insider now owns 453,282 shares of the company’s stock, valued at $6,713,106.42. The disclosure for this sale can be found here. Insiders own 1.06% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in shares of Hanesbrands by 31.6% in the third quarter. Pacer Advisors Inc. now owns 21,707 shares of the textile maker’s stock valued at $400,000 after buying an additional 5,210 shares in the last quarter. PenderFund Capital Management Ltd. increased its position in shares of Hanesbrands by 2.3% in the fourth quarter. PenderFund Capital Management Ltd. now owns 344,000 shares of the textile maker’s stock valued at $6,769,000 after buying an additional 7,754 shares in the last quarter. LPL Financial LLC increased its position in shares of Hanesbrands by 9.6% in the third quarter. LPL Financial LLC now owns 110,383 shares of the textile maker’s stock valued at $2,034,000 after buying an additional 9,703 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Hanesbrands during the third quarter worth approximately $819,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Hanesbrands during the fourth quarter worth approximately $234,000. Institutional investors and hedge funds own 98.61% of the company’s stock.
Shares of Hanesbrands stock opened at $18.27 on Thursday. The firm has a market cap of $6.66 billion, a PE ratio of 10.68, a PEG ratio of 1.09 and a beta of 0.86. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.72 and a current ratio of 1.73. Hanesbrands has a 12 month low of $11.57 and a 12 month high of $22.57.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 19th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Friday, February 15th. Hanesbrands’s payout ratio is presently 35.09%.
Hanesbrands Company Profile
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.
Featured Article: What is channel trading?
Get a free copy of the Zacks research report on Hanesbrands (HBI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
No comments:
Post a Comment