Hanesbrands Inc. (NYSE:HBI) CEO Gerald Evans sold 41,033 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $20.26, for a total value of $831,328.58. Following the completion of the transaction, the chief executive officer now owns 1,061,098 shares in the company, valued at approximately $21,497,845.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Hanesbrands Inc. (NYSE:HBI) opened at 20.19 on Tuesday. Hanesbrands Inc. has a 12 month low of $18.91 and a 12 month high of $30.42. The company has a market capitalization of $7.65 billion, a PE ratio of 14.36 and a beta of 0.90. The company has a 50-day moving average price of $20.77 and a 200 day moving average price of $23.28.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.05. Hanesbrands had a return on equity of 64.51% and a net margin of 8.95%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company earned $0.44 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities research analysts forecast that Hanesbrands Inc. will post $1.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 7th. Stockholders of record on Tuesday, February 14th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.97%. This is a boost from Hanesbrands’s previous quarterly dividend of $0.11. Hanesbrands’s dividend payout ratio is currently 42.55%.
Several large investors have recently made changes to their positions in HBI. Washington Trust Bank boosted its stake in shares of Hanesbrands by 0.8% in the third quarter. Washington Trust Bank now owns 4,033 shares of the company’s stock worth $102,000 after buying an additional 33 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of Hanesbrands by 98.3% in the third quarter. Global X Management Co. LLC now owns 4,030 shares of the company’s stock worth $102,000 after buying an additional 1,998 shares in the last quarter. Blenheim Capital Management BV bought a new stake in shares of Hanesbrands during the fourth quarter worth about $106,000. Kernodle & Katon Asset Management Group LLC bought a new stake in shares of Hanesbrands during the third quarter worth about $114,000. Finally, Van ECK Associates Corp bought a new stake in shares of Hanesbrands during the fourth quarter worth about $120,000. Institutional investors own 96.30% of the company’s stock.
Several equities analysts have commented on HBI shares. Vetr downgraded Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $25.60 price target on the stock. in a report on Tuesday, January 17th. Brean Capital reiterated a “buy” rating on shares of Hanesbrands in a report on Wednesday, January 11th. Oppenheimer Holdings Inc. set a $35.00 price target on Hanesbrands and gave the company a “buy” rating in a report on Monday, November 28th. DA Davidson upgraded Hanesbrands from a “neutral” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Monday, December 12th. They noted that the move was a valuation call. Finally, CL King upgraded Hanesbrands from a “neutral” rating to a “buy” rating in a report on Monday, December 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.97.
Hanesbrands Company Profile
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.