Analysts Set Hanesbrands Inc. (HBI) Target Price at $20.21

Hanesbrands Inc. (NYSE:HBI) has received a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $20.21.

A number of equities analysts have issued reports on the stock. Barclays set a $19.00 price target on shares of Hanesbrands and gave the stock a “hold” rating in a research report on Saturday, February 9th. ValuEngine raised shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a research report on Friday, February 8th. Zacks Investment Research raised shares of Hanesbrands from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Deutsche Bank lowered shares of Hanesbrands from a “buy” rating to a “hold” rating and reduced their price target for the stock from $24.00 to $16.00 in a research report on Friday, January 11th. Finally, Wells Fargo & Co reduced their price target on shares of Hanesbrands from $18.00 to $14.00 and set a “market perform” rating for the company in a research report on Wednesday, January 2nd.

HBI traded down $0.86 during trading on Thursday, reaching $16.92. 4,026,237 shares of the company’s stock were exchanged, compared to its average volume of 5,338,757. Hanesbrands has a 1 year low of $11.57 and a 1 year high of $22.57. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 3.64. The firm has a market capitalization of $6.12 billion, a PE ratio of 9.89, a P/E/G ratio of 0.97 and a beta of 0.95.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, February 7th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Hanesbrands had a net margin of 8.13% and a return on equity of 76.43%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the firm posted $0.52 EPS. Hanesbrands’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, analysts predict that Hanesbrands will post 1.75 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 19th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Friday, February 15th. Hanesbrands’s dividend payout ratio (DPR) is 35.09%.

Several large investors have recently bought and sold shares of HBI. Vanguard Group Inc. increased its holdings in Hanesbrands by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 38,210,795 shares of the textile maker’s stock worth $704,224,000 after acquiring an additional 437,526 shares in the last quarter. Vanguard Group Inc increased its holdings in Hanesbrands by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 38,210,795 shares of the textile maker’s stock worth $704,224,000 after acquiring an additional 437,526 shares in the last quarter. BlackRock Inc. increased its holdings in Hanesbrands by 3.7% in the 4th quarter. BlackRock Inc. now owns 24,750,735 shares of the textile maker’s stock worth $310,126,000 after acquiring an additional 887,593 shares in the last quarter. Parnassus Investments CA increased its holdings in Hanesbrands by 0.5% in the 4th quarter. Parnassus Investments CA now owns 17,136,129 shares of the textile maker’s stock worth $214,716,000 after acquiring an additional 80,397 shares in the last quarter. Finally, Shapiro Capital Management LLC increased its holdings in Hanesbrands by 5.7% in the 4th quarter. Shapiro Capital Management LLC now owns 14,487,327 shares of the textile maker’s stock worth $181,526,000 after acquiring an additional 786,671 shares in the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Hanesbrands (NYSE:HBI)

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