HBI has been the topic of several other reports. Zacks Investment Research upgraded shares of Hanesbrands from a strong sell rating to a hold rating and set a $20.00 price target on the stock in a report on Wednesday, April 11th. Bank of America started coverage on shares of Hanesbrands in a report on Friday, April 6th. They set a neutral rating and a $21.00 price target on the stock. DA Davidson reiterated a buy rating and set a $29.00 price target on shares of Hanesbrands in a report on Monday, May 7th. Credit Suisse Group started coverage on shares of Hanesbrands in a report on Monday, March 12th. They set a neutral rating and a $21.00 price target on the stock. Finally, Citigroup cut their price target on shares of Hanesbrands from $22.00 to $19.00 and set a neutral rating on the stock in a report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $24.22.
Shares of Hanesbrands opened at $17.70 on Monday, MarketBeat.com reports. The stock has a market cap of $6.22 billion, a P/E ratio of 9.04, a PEG ratio of 1.31 and a beta of 0.72. Hanesbrands has a 12 month low of $17.32 and a 12 month high of $17.79. The company has a debt-to-equity ratio of 5.93, a quick ratio of 0.81 and a current ratio of 2.03.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 5th. Stockholders of record on Tuesday, May 15th will be given a $0.15 dividend. The ex-dividend date is Monday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 3.39%. Hanesbrands’s payout ratio is presently 31.09%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Hanesbrands in the 1st quarter worth approximately $976,000. Kiwi Wealth Investments Limited Partnership lifted its position in shares of Hanesbrands by 15.0% in the 1st quarter. Kiwi Wealth Investments Limited Partnership now owns 89,886 shares of the textile maker’s stock worth $1,656,000 after purchasing an additional 11,742 shares during the period. Hilltop Holdings Inc. lifted its position in shares of Hanesbrands by 29.6% in the 1st quarter. Hilltop Holdings Inc. now owns 30,378 shares of the textile maker’s stock worth $559,000 after purchasing an additional 6,930 shares during the period. Sciencast Management LP purchased a new stake in shares of Hanesbrands in the 1st quarter worth approximately $1,033,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Hanesbrands in the 1st quarter worth approximately $540,000. 98.80% of the stock is owned by hedge funds and other institutional investors.
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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