Hanesbrands Inc. (NYSE:HBI) PT Suggests Stock Is Worth Around $27.54

Cornelia Mascio
Febbraio 17, 2017

(NYSE:HBI) by some 63,619,777 shares, 258 decreased positions by 80,212,705 and 71 held positions by 202,077,036. For the most recent quarter, quick ratio was 0.9, current ratio was 2.1, LT Debt/Equity ratio was 2.87 and Total Debt/Equity ratio was 3.06. The stock got a shaky start early morning on analyst's remarks.

Hanesbrands Inc.is a leading marketer of innerwear, outerwear and hosiery apparel under strong consumer brands, including Hanes, Champion, Playtex, Bali, Just My Size, barely there and Wonderbra. Hanesbrands Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Mathews Jessica Tuchman has sold 5,433 shares of Hanesbrands Inc.

For the next year first quarter, analysts predicted EPS estimates trend of $0.57 which would leave an impact on the stock performance in coming months. They noted that the move was a valuation call. Finally, Credit Suisse Group set a $28.00 target price on shares of Hanesbrands and gave the stock a buy rating in a research note on Friday, February 3rd. Analysts have a mean recommendation of 2.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock has an average rating of Buy and an average price target of $29.97.

Hanesbrands Inc. (NYSE:HBI) will report its next earnings on April 19 - Apr 24 (Est.). The stock has a market cap of $8.21 billion, a P/E ratio of 16.7913 and a beta of 0.96.

Now we look at the Moving Averages, the 200-day is -14.58, the 50-day is -3.52 and the 20-day is -2.19. HanesBrands Inc. has a 12-month low of $21.49 and a 12-month high of $31.36.

Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, February 2nd. Net profit margin of the company was recorded at 8.9 percent, operating profit margin was 12.9 percent, whereas gross profit margin stands at 37.8 percent. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the firm posted $0.50 EPS. The company's revenue for the quarter was up 11.8% compared to the same quarter past year. Equities analysts expect that Hanesbrands will post $1.98 EPS for the current year. Institutional Investors own 96.3% of Hanesbrands Inc. shares.

TRADEMARK VIOLATION WARNING: This piece of content was reported by WKRB News and is the sole property of of WKRB News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of USA & global trademark and copyright law. In the ratings chart, 1 analyst gave ratings of underweight for the previous quarter.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 7th. The ex-dividend date of this dividend is Friday, February 10th. This represents a $0.44 dividend on an annualized basis and a yield of 1.99%. LLC boosted its position in shares of HanesBrands by 98.3% in the third quarter. HanesBrands's dividend payout ratio (DPR) is 33.85%. (HBI) offloaded shares in a transaction closed on Monday November 21, 2016. Following the transaction, the director now directly owns 127,839 shares in the company, valued at approximately $3,134,612.28. Washington Trust Bank now owns 4,033 shares of the company's stock valued at $102,000 after buying an additional 33 shares in the last quarter. Washington Trust Bank boosted its stake in shares of Hanesbrands by 0.8% in the third quarter. The stock's quarterly performance indicates a Negative momentum of -15.49 percent, whereas its last one month trend is Pessimistic with -6.88 percent. FMR LLC now owns 14,085,031 shares of the company's stock worth $303,814,000 after buying an additional 5,538,124 shares during the last quarter. Ltd. boosted its position in shares of HanesBrands by 102.0% in the second quarter. Finally, Bessemer Group Inc. boosted its position in Hanesbrands by 122.0% in the fourth quarter.

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