Hanesbrands (NYSE:HBI) Trading Down 5.9%

Shares of Hanesbrands Inc. (NYSE:HBI) fell 5.9% during trading on Thursday . The stock traded as low as $12.96 and last traded at $13.11, 10,473,406 shares were traded during mid-day trading. An increase of 97% from the average session volume of 5,321,619 shares. The stock had previously closed at $13.93.

Several research firms have recently commented on HBI. ValuEngine cut shares of Hanesbrands from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research cut shares of Hanesbrands from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Citigroup reduced their price objective on shares of Hanesbrands from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Bank of America reduced their price objective on shares of Hanesbrands from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $17.44.

The company has a debt-to-equity ratio of 3.56, a current ratio of 1.77 and a quick ratio of 0.69. The company’s 50 day moving average is $16.08 and its 200 day moving average is $17.13. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 1.90 and a beta of 1.10.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, August 1st. The textile maker reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Hanesbrands had a net margin of 8.13% and a return on equity of 63.57%. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the business earned $0.45 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts predict that Hanesbrands Inc. will post 1.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.60 annualized dividend and a yield of 4.58%. Hanesbrands’s dividend payout ratio (DPR) is currently 35.09%.

In other Hanesbrands news, insider Joia M. Johnson bought 7,100 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average cost of $13.97 per share, for a total transaction of $99,187.00. Following the acquisition, the insider now owns 115,830 shares of the company’s stock, valued at approximately $1,618,145.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gerald Evans bought 10,000 shares of the company’s stock in a transaction on 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 acquisition, the chief executive officer now directly owns 1,655,880 shares in the company, valued at approximately $24,407,671.20. The disclosure for this purchase can be found here. Company insiders own 1.04% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Rational Advisors LLC grew its holdings in shares of Hanesbrands by 254.6% during the first quarter. Rational Advisors LLC now owns 1,585 shares of the textile maker’s stock worth $28,000 after buying an additional 1,138 shares in the last quarter. CWM LLC grew its holdings in shares of Hanesbrands by 6,184.4% during the first quarter. CWM LLC now owns 2,011 shares of the textile maker’s stock worth $36,000 after buying an additional 1,979 shares in the last quarter. First Personal Financial Services grew its holdings in shares of Hanesbrands by 150.8% during the first quarter. First Personal Financial Services now owns 2,169 shares of the textile maker’s stock worth $39,000 after buying an additional 1,304 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Hanesbrands by 511.7% during the second quarter. Golden State Wealth Management LLC now owns 2,514 shares of the textile maker’s stock worth $43,000 after buying an additional 2,103 shares in the last quarter. Finally, Investors Research Corp purchased a new stake in shares of Hanesbrands during the first quarter worth about $48,000. Hedge funds and other institutional investors own 92.58% of the company’s stock.

Hanesbrands Company Profile (NYSE:HBI)

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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