Several brokerages have updated their recommendations and price targets on shares of Hanesbrands (NYSE: HBI) in the last few weeks:

  • 8/9/2017 – Hanesbrands was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/9/2017 – Hanesbrands was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Hanesbrands’ second-quarter 2017 sales and earnings came in line with the Zacks Consensus Estimate and increased year-over-year, driven by acquisitions and sales from online channel. Though organic sales declined in the quarter, it improved sequentially. In fact, the company expects organic sales to turn positive and contribute to growth in the second half. The company’s Project Booster program is also expected to minimize costs and increase cash flow, thus driving growth. Such factors have aided Hanesbrands’ shares to outperform the industry over the past six months. However, the company’s sales have lagged the Zacks Consensus Estimate in six of the past seven quarters, probably due to soft sales at its brick-and-mortar stores. The company also expects back-to-school shipments to fall in the third quarter. Further Hanesbrands’ performance is challenged by currency fluctuations and low international penetration.”
  • 8/8/2017 – Hanesbrands was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $27.00 price target on the stock. According to Zacks, “Hanesbrands’ second-quarter 2017 sales and earnings came in line with the Zacks Consensus Estimate and increased year-over-year, driven by acquisitions and sales from online channel. The benefits from acquisitions were mainly related to Champion Europe and Hanes Australasia. Though organic sales declined in the quarter, it improved sequentially. In fact, the company expects organic sales to turn positive and contribute to growth in the second half. The company’s Project Booster program is also expected to minimize costs and increase cash flow, thus driving growth. Such factors have aided Hanesbrands’ shares to outperform the industry over the past six months. Nevertheless, the company’s performance is exposed to certain headwinds such as over reliance on premium brands, soft sales in the brick-and-mortar stores as well as unfavorable foreign currency translations.”
  • 8/8/2017 – Hanesbrands had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $27.00 price target on the stock, up previously from $25.00.
  • 8/7/2017 – Hanesbrands was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $26.36 price target on the stock.
  • 8/7/2017 – Hanesbrands had its price target raised by analysts at Morgan Stanley from $22.00 to $24.00. They now have an “equal weight” rating on the stock.
  • 8/3/2017 – Hanesbrands had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $30.00 price target on the stock.
  • 8/2/2017 – Hanesbrands had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $27.00 price target on the stock, up previously from $25.00.
  • 8/1/2017 – Hanesbrands was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/1/2017 – Hanesbrands was given a new $32.00 price target on by analysts at Oppenheimer Holdings, Inc.. They now have a “buy” rating on the stock.
  • 7/27/2017 – Hanesbrands was given a new $28.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 7/25/2017 – Hanesbrands was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/17/2017 – Hanesbrands had its “buy” rating reaffirmed by analysts at Buckingham Research. They now have a $30.00 price target on the stock.
  • 7/12/2017 – Hanesbrands was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/6/2017 – Hanesbrands was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/5/2017 – Hanesbrands was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/4/2017 – Hanesbrands was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Hanesbrands’ murky sales surprise history has long been hurting the stock that has lagged the broader sector in the last one year. The company has posted lower-than-expected sales in 12 of the past 13 quarters that includes the last reported quarter, primarily due to soft traffic at its brick-and-mortar stores. Moving ahead, sluggish traffic coupled with intense competition in its premium brands remain concerns. In addition, management issued a soft sales guidance for the second quarter owing to current retail sales scenario coupled with a timing shift of back-to-school shipments. Meanwhile, the company remains exposed to unfavourable foreign currency translations and it is expected to negatively hurt 2017 results. On the positive front, we remain encouraged by the company’s brand portfolio and the recently launched Project Booster program that is expected to drive investment for growth, minimize costs and increase cash flow.”
  • 6/27/2017 – Hanesbrands was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/15/2017 – Hanesbrands was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of Hanesbrands Inc. (NYSE HBI) opened at 23.95 on Friday. The company has a 50-day moving average price of $23.22 and a 200-day moving average price of $21.70. Hanesbrands Inc. has a 1-year low of $18.91 and a 1-year high of $28.24. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of 15.69 and a beta of 0.73.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. On average, equities analysts expect that Hanesbrands Inc. will post $1.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 15th will be given a $0.15 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.60 annualized dividend and a yield of 2.51%. Hanesbrands’s dividend payout ratio (DPR) is 39.47%.

In other Hanesbrands news, CFO Richard D. Moss sold 20,000 shares of Hanesbrands stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $24.08, for a total value of $481,600.00. Following the transaction, the chief financial officer now owns 254,487 shares in the company, valued at $6,128,046.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John T. Marsh sold 11,100 shares of Hanesbrands stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $22.57, for a total transaction of $250,527.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,329 shares of company stock worth $3,016,617. 1.10% of the stock is currently owned by company insiders.

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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