Hanesbrands (HBI) Given a $27.00 Price Target at DA Davidson
DA Davidson set a $27.00 price target on Hanesbrands (NYSE:HBI) in a research report sent to investors on Friday. The brokerage currently has a buy rating on the textile maker’s stock. DA Davidson also issued estimates for Hanesbrands’ Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.55 EPS and Q4 2018 earnings at $0.47 EPS.
A number of other brokerages have also issued reports on HBI. Nomura cut their target price on Hanesbrands from $24.00 to $21.00 and set a neutral rating on the stock in a research report on Thursday, November 2nd. Oppenheimer reissued a buy rating on shares of Hanesbrands in a research report on Wednesday, October 18th. B. Riley reissued a buy rating on shares of Hanesbrands in a research report on Thursday, November 2nd. Wells Fargo & Co lowered Hanesbrands from an outperform rating to a market perform rating and set a $23.00 price target on the stock. in a research report on Wednesday, October 25th. Finally, Citigroup reissued a neutral rating and set a $23.00 price target on shares of Hanesbrands in a research report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $25.60.
Shares of Hanesbrands (HBI) traded down $0.31 during trading on Friday, hitting $19.26. The stock had a trading volume of 17,067,977 shares, compared to its average volume of 6,960,000. The firm has a market capitalization of $6,910.00, a price-to-earnings ratio of 120.38, a PEG ratio of 1.24 and a beta of 0.71. The company has a quick ratio of 0.85, a current ratio of 1.90 and a debt-to-equity ratio of 5.40. Hanesbrands has a 12 month low of $18.57 and a 12 month high of $25.73.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.60 dividend on an annualized basis and a yield of 3.12%. Hanesbrands’s dividend payout ratio (DPR) is currently 375.00%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in Hanesbrands by 0.5% in the fourth quarter. BlackRock Inc. now owns 23,045,215 shares of the textile maker’s stock valued at $481,874,000 after purchasing an additional 114,629 shares in the last quarter. State Street Corp grew its stake in Hanesbrands by 0.9% in the second quarter. State Street Corp now owns 15,512,816 shares of the textile maker’s stock valued at $359,281,000 after purchasing an additional 136,465 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Hanesbrands by 69.1% in the fourth quarter. Bank of New York Mellon Corp now owns 7,843,724 shares of the textile maker’s stock valued at $164,012,000 after purchasing an additional 3,205,719 shares in the last quarter. Bessemer Group Inc. grew its stake in Hanesbrands by 2.9% in the third quarter. Bessemer Group Inc. now owns 5,977,411 shares of the textile maker’s stock valued at $147,284,000 after purchasing an additional 169,250 shares in the last quarter. Finally, Cooke & Bieler LP grew its stake in Hanesbrands by 13.8% in the fourth quarter. Cooke & Bieler LP now owns 5,244,155 shares of the textile maker’s stock valued at $109,656,000 after purchasing an additional 637,507 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.
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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.
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