Hanesbrands Inc. (NYSE:HBI) declared a quarterly dividend on Tuesday, January 24th. Shareholders of record on Tuesday, February 14th will be given a dividend of 0.15 per share on Tuesday, March 7th. This represents a $0.60 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Friday, February 10th. This is an increase from Hanesbrands’s previous quarterly dividend of $0.11.
Hanesbrands (NYSE:HBI) opened at 19.89 on Thursday. Hanesbrands has a 12-month low of $18.91 and a 12-month high of $30.42. The firm’s 50-day moving average price is $22.05 and its 200-day moving average price is $24.43. The company has a market cap of $7.53 billion, a PE ratio of 14.15 and a beta of 0.90.
Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, February 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.05. The firm earned $1.58 billion during the quarter, compared to analyst estimates of $1.70 billion. Hanesbrands had a net margin of 8.95% and a return on equity of 64.51%. Hanesbrands’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS. Equities research analysts forecast that Hanesbrands will post $2.01 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on HBI shares. Credit Suisse Group restated a “focus list” rating on shares of Hanesbrands in a report on Tuesday. CL King upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating in a report on Monday, December 12th. Brean Capital reiterated a “buy” rating and set a $32.00 price objective (down previously from $35.00) on shares of Hanesbrands in a report on Thursday, January 5th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating on shares of Hanesbrands in a report on Tuesday, December 20th. Finally, Stifel Nicolaus dropped their price objective on shares of Hanesbrands from $26.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $30.54.
In other Hanesbrands news, Director Jessica Tuchman Mathews sold 5,433 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $24.52, for a total value of $133,217.16. Following the completion of the sale, the director now directly owns 127,839 shares of the company’s stock, valued at approximately $3,134,612.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.
Hanesbrands Inc is a manufacturer and marketer of apparels. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports.