Hanesbrands (HBI) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hanesbrands in the last twelve months. There are currently 1 sell rating and 5 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" HBI shares.
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6 Wall Street research analysts have issued twelve-month target prices for Hanesbrands' stock. Their HBI share price forecasts range from $5.00 to $7.00. On average, they anticipate the company's share price to reach $5.64 in the next twelve months. This suggests a possible upside of 34.7% from the stock's current price.
View analysts price targets for HBI or view top-rated stocks among Wall Street analysts.

Hanesbrands' stock was trading at $6.36 at the start of the year. Since then, HBI shares have decreased by 34.1% and is now trading at $4.19.
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Hanesbrands saw a drop in short interest in August. As of August 31st, there was short interest totaling 44,110,000 shares, a drop of 5.3% from the August 15th total of 46,570,000 shares. Based on an average trading volume of 7,640,000 shares, the days-to-cover ratio is presently 5.8 days. Currently, 12.7% of the shares of the company are short sold.
View Hanesbrands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our HBI earnings forecast.

Hanesbrands Inc. (NYSE:HBI) posted its quarterly earnings data on Thursday, August, 10th. The textile maker reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The textile maker had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.46 billion. Hanesbrands had a negative net margin of 6.61% and a positive trailing twelve-month return on equity of 22.89%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS.
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Hanesbrands announced a quarterly dividend on Wednesday, November 9th. Shareholders of record on Tuesday, November 22nd will be given a dividend of $0.15 per share on Tuesday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 14.32%. The ex-dividend date of this dividend is Monday, November 21st.
Read our dividend analysis for HBI.

ETFs with the largest weight of Hanesbrands (NYSE:HBI) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Invesco S&P SmallCap 600 Revenue ETF (RWJ) and WisdomTree U.S. SmallCap Fund (EES).AdvisorShares Dorsey Wright Short ETF (DWSH).

Hanesbrands's stock split on Wednesday, March 4th 2015. The 4-1 split was announced on Wednesday, January 28th 2015. The newly minted shares were issued to shareholders after the market closes on Tuesday, March 3rd 2015. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.

Hanesbrands declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 3rd 2022, which permits the company to repurchase $600,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 10.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

Hanesbrands issued an update on its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (EPS) guidance of $0.07-$0.13 for the period, compared to the consensus estimate of $0.20. The company issued revenue guidance of $1.52 billion-$1.57 billion, compared to the consensus revenue estimate of $1.68 billion.

68 employees have rated Hanesbrands Chief Executive Officer Gerald Evans Jr on Glassdoor.com. Gerald Evans Jr has an approval rating of 82% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hanesbrands investors own include AT&T (T), Intel (INTC), Pfizer (PFE), Bank of America (BAC), Ford Motor (F), General Electric (GE), CVS Health (CVS), Exxon Mobil (XOM), Walt Disney (DIS) and Cisco Systems (CSCO).

Hanesbrands trades on the New York Stock Exchange (NYSE) under the ticker symbol "HBI."

Hanesbrands' stock is owned by many different retail and institutional investors. Top institutional investors include Cooke & Bieler LP (6.79%), State Street Corp (3.82%), New South Capital Management Inc. (2.31%), Geode Capital Management LLC (1.94%), ArrowMark Colorado Holdings LLC (1.44%) and Dimensional Fund Advisors LP (1.36%). Insiders that own company stock include Bobby J Griffin, Cheryl K Beebe, Franck J Moison, James C Johnson, Joia M Johnson, Joseph W Cavaliere, Michael E Faircloth, Ronald L Nelson, Stephen B Bratspies, Tracy M Preston and W Howard Upchurch Jr.
View institutional ownership trends.

Shares of HBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HBI stock can currently be purchased for approximately $4.19.

Hanesbrands (NYSE:HBI) has a market capitalization of $1.47 billion and generates $6.23 billion in revenue each year. The textile maker earns $-127,200,000.00 in net income (profit) each year or ($1.12) on an earnings per share basis.

The company employs 51,000 workers across the globe.

Hanesbrands' mailing address is 1000 EAST HANES MILL ROAD, WINSTON-SALEM NC, 27105. The official website for the company is www.hanes.com. The textile maker can be reached via phone at (336) 519-8080 or via email at ir@hanes.com.