Hanesbrands Inc. (NYSE:HBI) now has a P/E Ratio of 15.6308. Goldman Sachs Group Inc started coverage on Hanesbrands in a research report on Tuesday, March 28th. Growth in EPS is an important measure of management performance because it shows how much money the company is making for it's shareholders, not only due to changes in profit, but also after all the effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition). "Strong e-Commerce business as well as strategic buyouts help it to maintain top-line".
Several other equities research analysts also recently commented on the company. DA Davidson set a $27.00 price target on shares of Hanesbrands and gave the company a "buy" rating in a research note on Saturday, April 8th. Brean Capital reaffirmed a "buy" rating on shares of Hanesbrands in a report on Wednesday, January 11th. Hanesbrands Inc. (NYSE:HBI) has a market cap of $8.25B and the number of outstanding shares have been calculated 364.15M. Thanks to a rise of nearly 7.6% in the past five days, the stock price is now up 17.63% so far on the year - still in strong territory. Stifel Nicolaus cut their price target on Hanesbrands from $26.00 to $23.00 and set a "hold" rating for the company in a report on Friday, February 3rd. Analysts have a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). (NYSE:HBI) downgraded by Morgan Stanley from Overweight to Equal-Weight.
The stock's 50 day moving average is 21.06 and its 200 day moving average is 22.13.
For the past 5 years, Hanesbrands Inc.'s EPS growth has been almost 18%. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.53 earnings per share. The firm earned $1.38 billion during the quarter, compared to analysts' expectations of $1.39 billion. The company now has a Return on Equity of 48% and a Return on Investment of 14.90%.
Analysts are also projecting an Average Revenue Estimate for Hanesbrands Inc.as $12000 in the Current Quarter. The ex-dividend date of this dividend is Friday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.77%. Hanesbrands's payout ratio is 42.55%.
Most recently Hanesbrands Inc. Hamilton Point Investment Advisors LLC boosted its position in shares of Hanesbrands by 1.8% in the third quarter. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of USA & worldwide copyright & trademark laws.
In other news, CEO Gerald Evans sold 41,033 shares of the firm's stock in a transaction that occurred on Wednesday, March 15th. Following the completion of the sale, the chief executive officer now directly owns 1,061,098 shares in the company, valued at $21,497,845.48. (NYSE:HBI) by 17.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The shares were acquired at an average cost of $19.92 per share, with a total value of $99,600.00. The P/E ratio was recorded at 15.57.The volatility in the previous week has experienced by 3.58% and observed of 2.35% in the previous month.98.90% ownership is held by institutional investors while insiders hold ownership of 0.90%. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. The New York-based Trellus Management Company Llc has invested 0.25% in the stock. Strs Ohio boosted its position in Hanesbrands by 0.7% in the first quarter. The stock appeared -0.63% below its 52-week highs and is up 0.48% for the last five trades. BNP Paribas Arbitrage SA now owns 370,754 shares of the textile maker's stock valued at $7,697,000 after buying an additional 271,103 shares in the last quarter. The correct version of this piece can be read at https://sportsperspectives.com/2017/05/10/at-bancorp-has-3-01-million-position-in-hanesbrands-inc-hbi.html. World Asset Management Inc now owns 37,563 shares of the textile maker's stock worth $948,000 after buying an additional 533 shares during the period. Tocqueville Asset Management L.P. raised its position in shares of Hanesbrands by 17.2% in the third quarter.