Hanesbrands (HBI) Getting Somewhat Favorable Media Coverage, Study Finds
Media coverage about Hanesbrands (NYSE:HBI) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hanesbrands earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the textile maker an impact score of 46.5888806704179 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of equities analysts have commented on the company. B. Riley decreased their target price on Hanesbrands from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Nomura cut their price target on Hanesbrands from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Wells Fargo & Co set a $20.00 price target on Hanesbrands and gave the company a “hold” rating in a report on Friday, February 9th. ValuEngine cut Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Barclays lifted their price target on Hanesbrands from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $25.60.
Shares of Hanesbrands (HBI) traded down $0.19 during trading hours on Friday, reaching $19.94. The company had a trading volume of 4,033,434 shares, compared to its average volume of 7,513,320. Hanesbrands has a 1 year low of $18.57 and a 1 year high of $25.73. The company has a market capitalization of $7,230.00, a PE ratio of 14.14, a price-to-earnings-growth ratio of 1.26 and a beta of 0.71. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.85 and a current ratio of 1.90.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 16th. This represents a $0.60 annualized dividend and a yield of 3.01%. Hanesbrands’s payout ratio is 42.55%.
In related news, insider W Howard Upchurch, Jr. sold 51,743 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $20.70, for a total transaction of $1,071,080.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by insiders.
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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.
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