Hanesbrands (NYSE:HBI) had its price target trimmed by B. Riley from $33.00 to $30.00 in a report issued on Thursday morning, MarketBeat reports. The brokerage currently has a buy rating on the textile maker’s stock. B. Riley also issued estimates for Hanesbrands’ Q1 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.51 EPS and FY2019 earnings at $2.05 EPS.

HBI has been the topic of a number of other reports. ValuEngine downgraded shares of Hanesbrands from a buy rating to a hold rating in a report on Sunday, December 31st. Barclays dropped their target price on shares of Hanesbrands from $31.00 to $26.00 and set an overweight rating on the stock in a report on Thursday, November 2nd. Morgan Stanley dropped their target price on shares of Hanesbrands from $24.00 to $23.00 and set an equal weight rating on the stock in a report on Thursday, November 2nd. Wells Fargo & Co downgraded shares of Hanesbrands from an outperform rating to a market perform rating and set a $23.00 target price on the stock. in a report on Wednesday, October 25th. Finally, FBR & Co reiterated a buy rating on shares of Hanesbrands in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $25.60.

Shares of Hanesbrands (NYSE HBI) opened at $19.26 on Thursday. 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 fifty-two week low of $18.57 and a fifty-two week high of $25.73. The company has a market cap of $6,938.28, a P/E ratio of 9.93, a P/E/G ratio of 1.22 and a beta of 0.68.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, February 8th. The textile maker reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Hanesbrands had a net margin of 0.96% and a return on equity of 72.30%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the firm earned $0.53 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. analysts predict that Hanesbrands will post 1.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.12%. Hanesbrands’s dividend payout ratio is currently 400.00%.

Several hedge funds have recently added to or reduced their stakes in HBI. Engine Capital Management LLC acquired a new stake in shares of Hanesbrands during the third quarter valued at approximately $106,000. QS Investors LLC increased its stake in Hanesbrands by 2.8% in the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock valued at $118,000 after buying an additional 140 shares during the period. Tiedemann Wealth Management LLC increased its stake in Hanesbrands by 12.4% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 34,254 shares of the textile maker’s stock valued at $129,000 after buying an additional 3,787 shares during the period. Global Trust Asset Management LLC acquired a new position in Hanesbrands in the 4th quarter valued at approximately $134,000. Finally, Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in Hanesbrands in the 4th quarter valued at approximately $134,000. Institutional investors and hedge funds own 95.26% of the company’s stock.

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About Hanesbrands

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.

Analyst Recommendations for Hanesbrands (NYSE:HBI)

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