Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Hanesbrands (HBI) Share Price
Press coverage about Hanesbrands (NYSE:HBI) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hanesbrands earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the textile maker an impact score of 46.6050853941155 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Hanesbrands Inc. (HBI) Insider Sells $1,071,080.10 in Stock (americanbankingnews.com)
- Hanesbrands Sues Over Alleged Champion TM Infringement (law360.com)
- Ex-Dividend Reminder: Archer Daniels Midland, HanesBrands and Spectrum Brands Holdings – Nasdaq (nasdaq.com)
- Hanesbrands – A Couple Of Warning Signs (seekingalpha.com)
- Hanesbrands Is A Solid Buy At Current Levels (seekingalpha.com)
Hanesbrands (NYSE:HBI) traded down $0.23 on Monday, reaching $20.49. 4,760,000 shares of the company’s stock were exchanged, compared to its average volume of 8,280,000. The company has a quick ratio of 0.85, a current ratio of 1.90 and a debt-to-equity ratio of 5.40. The stock has a market cap of $7,470.00, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 1.29 and a beta of 0.71. Hanesbrands has a 1 year low of $18.57 and a 1 year high of $25.73.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Friday, February 16th. Hanesbrands’s dividend payout ratio is 42.55%.
Several research firms have recently weighed in on HBI. B. Riley lowered their price objective on shares of Hanesbrands from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Citigroup decreased their price target on shares of Hanesbrands from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Wells Fargo & Co set a $20.00 price target on shares of Hanesbrands and gave the company a “hold” rating in a research note on Friday, February 9th. Deutsche Bank set a $27.00 price target on shares of Hanesbrands and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, DA Davidson set a $27.00 price target on shares of Hanesbrands and gave the company a “buy” rating in a research note on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. Hanesbrands presently has an average rating of “Hold” and an average target price of $25.60.
In other Hanesbrands news, insider W Howard Upchurch, Jr. sold 51,743 shares of Hanesbrands stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $20.70, for a total transaction of $1,071,080.10. The transaction was disclosed in a filing with the SEC, which is available through this link. 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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