Hanesbrands Inc. (NYSE:HBI) has received a consensus rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $17.44.

A number of research analysts have commented on the company. Citigroup decreased their price target on Hanesbrands from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Zacks Investment Research cut Hanesbrands from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Bank of America decreased their price target on Hanesbrands from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, ValuEngine cut Hanesbrands from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd.

NYSE:HBI traded up $0.37 during trading hours on Friday, reaching $14.18. 1,163,288 shares of the stock were exchanged, compared to its average volume of 6,421,033. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 3.56. The business has a 50-day moving average of $15.75 and a two-hundred day moving average of $17.06. Hanesbrands has a twelve month low of $11.57 and a twelve month high of $19.38. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 1.78 and a beta of 1.10.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, August 1st. The textile maker reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Hanesbrands had a return on equity of 63.57% and a net margin of 8.13%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts forecast that Hanesbrands will post 1.76 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Monday, August 12th. Hanesbrands’s dividend payout ratio is currently 35.09%.

In related news, CEO Gerald Evans acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of $14.74 per share, with a total value of $147,400.00. Following the completion of the transaction, the chief executive officer now owns 1,655,880 shares of the company’s stock, valued at $24,407,671.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joia M. Johnson acquired 7,100 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were bought at an average cost of $13.97 per share, for a total transaction of $99,187.00. Following the transaction, the insider now directly owns 115,830 shares of the company’s stock, valued at approximately $1,618,145.10. The disclosure for this purchase can be found here. 1.04% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Hanesbrands by 1.2% during the second quarter. Vanguard Group Inc. now owns 40,263,259 shares of the textile maker’s stock worth $693,333,000 after acquiring an additional 495,670 shares during the period. BlackRock Inc. increased its holdings in Hanesbrands by 1.5% in the second quarter. BlackRock Inc. now owns 24,829,858 shares of the textile maker’s stock valued at $427,569,000 after buying an additional 355,923 shares during the last quarter. PenderFund Capital Management Ltd. increased its holdings in Hanesbrands by 4,028.8% in the second quarter. PenderFund Capital Management Ltd. now owns 15,000,000 shares of the textile maker’s stock valued at $174,000 after buying an additional 14,636,700 shares during the last quarter. Lyrical Asset Management LP increased its holdings in Hanesbrands by 36.5% in the second quarter. Lyrical Asset Management LP now owns 14,800,906 shares of the textile maker’s stock valued at $254,872,000 after buying an additional 3,961,663 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in Hanesbrands by 24.7% in the second quarter. Diamond Hill Capital Management Inc. now owns 13,956,552 shares of the textile maker’s stock valued at $240,332,000 after buying an additional 2,762,854 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Company Profile

Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.

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Analyst Recommendations for Hanesbrands (NYSE:HBI)

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