Firms Fundamental Overview: Hanesbrands Inc. (NYSE:HBI)

Upchurch W Howard Jr sold $1.28M worth of Hanesbrands Inc. The average estimate of Wall Street analysts had projected 0.53. This means the investors are getting highly compensated for their investments compared with lower dividend yielding stocks. This showed a surprise of 0% in the last quarter earnings. The business is scheduled to issue its next quarterly earnings report on Thursday, February 1st. Hanesbrands had 48 analyst reports since September 17, 2015 according to SRatingsIntel. In the past 52 weeks the company's stock price has moved within the range of $18.91 to $26.05. 0 analysts gave its stock an Outperform rating.

Hanesbrands Inc. (NYSE:HBI) received a Buy rating from 4 analysts. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.60. For example, we can find out a public company's profit margin, which lets us know how much of a company's net sales revenue was retained as earnings - which we calculate by dividing net income by total sales revenue. The company's revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. The other 9 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. Finally, Vetr downgraded Hanesbrands from a "strong-buy" rating to a "buy" rating and set a $26.36 price target for the a report on Monday, August 7th. Taking a look at the performance of ETM, it is found that the weekly performance for this stock is valued at 1.40% and the performance for the month at -10.66%. Zacks Investment Research lowered shares of Hanesbrands from a "buy" rating to a "hold" rating in a research note on Friday, November 3rd.

The price target set for the stock is $27.29 and this sets up an interesting set of potential movement for the stock, according to data from Finviz's Research. On Friday, February 3 the stock rating was maintained by Stifel Nicolaus with "Hold". One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. They set a "buy" rating and a $29.00 price target for the company.

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Provise Management Group Llc increased Hanesbrands Inc (HBI) stake by 110.91% reported in 2017Q2 SEC filing. Hanesbrands Inc. (HBI) now has 364580 shares outstanding, which means that its market capitalization is $7.44B. 12,934,928 shares of the company's stock traded hands, compared to its average volume of 6,100,000.

Since June 13, 2017, it had 0 insider purchases, and 2 selling transactions for $1.53 million activity. The company operates in the Consumer Cyclical sector with a market capitalization of 7.44 Million. HanesBrands Inc. has a 52-week low of $23.20 and a 52-week high of $31.59.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Tuesday, November 14th will be given a $0.15 dividend. The company was maintained on Monday, November 2 by Investec. This represents a $0.60 dividend on an annualized basis and a yield of 3.09%. Hanesbrands has a payout ratio of 34.45%, meaning the dividend is sufficiently covered by earnings.

In related news, insider John T. Marsh sold 10,325 shares of Hanesbrands stock in a transaction dated Monday, August 28th. The average 1-year price target for (GPS) reveals an average price target of $26.82 per share. Following the sale, the insider now directly owns 99,997 shares in the company, valued at $2,426,927.19. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

A number of other equities analysts have also recently issued reports on the company. Archford Capital Strategies LLC lifted its holdings in Hanesbrands by 283.4% during the second quarter. Bank of New York Mellon Corp now owns 4,638,005 shares of the textile maker's stock valued at $114,282,000 after acquiring an additional 1,159,722 shares during the period. Lazard Asset Management LLC boosted its position in shares of Hanesbrands by 25.0% in the 1st quarter. QS Investors LLC now owns 5,100 shares of the textile maker's stock worth $118,000 after purchasing an additional 140 shares during the last quarter. QS Investors LLC boosted its position in shares of Hanesbrands by 2.8% in the 2nd quarter. Washington Trust Bank now owns 6,000 shares of the textile maker's stock worth $139,000 after purchasing an additional 2,000 shares during the last quarter. In the most recent financial results released by Hanesbrands Inc., for the quarter ending on 2017-06-30, the company posted EPS of 0.53.

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