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NYSE:HBI

Hanesbrands - HBI Stock Forecast, Price & News

$10.64
-0.16 (-1.48%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$10.55
$10.81
50-Day Range
$9.74
$11.56
52-Week Range
$9.58
$19.78
Volume
3.81 million shs
Average Volume
5.54 million shs
Market Capitalization
$3.71 billion
P/E Ratio
8.87
Dividend Yield
5.56%
Price Target
$12.73

Hanesbrands MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
19.6% Upside
$12.73 Price Target
Short Interest
Bearish
10.61% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.07
Upright™ Environmental Score
News Sentiment
-0.21mentions of Hanesbrands in the last 14 days
Based on 32 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
21.74%
From $1.15 to $1.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Consumer Discretionary Sector

99th out of 288 stocks

Apparel & Accessory Stores Industry

2nd out of 8 stocks

HBI stock logo

About Hanesbrands (NYSE:HBI) Stock

Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children. The company operates through three segments: Innerwear, Activewear, and International. It sells men's underwear, women's panties, children's underwear, activewear, and socks, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, performance apparel, sport shirts, performance T-shirts and shorts, sports bras, teamwear, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels. The company licenses its Champion name for footwear and sports accessories. Hanesbrands Inc. provides its products primarily under the Hanes, Champion, Maidenform, JMS/Just My Size, Bali, Polo Ralph Lauren, Playtex, DKNY, Alternative, Gear for Sports, Comfortwash, Hanes Beefy-T, Bonds, DIM, Sheridan, Bras N Things, Lovable, Wonderbra, Berlei, Abanderado, Shock Absorber, Zorba, Explorer, Sol y Oro, Maidenform, Rinbros, and Bellinda brand names. The company markets its products through retailers, wholesalers, and third-party embellishers. As of January 2, 2022, it operated 216 retail and direct outlet stores in the United States and the Commonwealth of Puerto Rico, as well as 626 retail and outlet stores internationally. The company also sells its products in Europe, Australia, Asia, Latin America, Canada, the Middle East, Africa, Mexico, and Brazil. Hanesbrands Inc. was founded in 1901 and is headquartered in Winston-Salem, North Carolina.

Hanesbrands Stock Down 3.2 %

Hanesbrands stock opened at $10.80 on Thursday. Hanesbrands has a 1-year low of $9.58 and a 1-year high of $19.78. The company has a debt-to-equity ratio of 5.09, a current ratio of 1.70 and a quick ratio of 0.69. The company has a market cap of $3.77 billion, a PE ratio of 9.00 and a beta of 1.46. The stock's 50 day moving average price is $10.74 and its 200 day moving average price is $12.99.

Hanesbrands (NYSE:HBI - Get Rating) last announced its quarterly earnings results on Thursday, August 11th. The textile maker reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.05). The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.69 billion. Hanesbrands had a net margin of 6.37% and a return on equity of 79.09%. The firm's revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 EPS. On average, sell-side analysts predict that Hanesbrands will post 1.15 EPS for the current fiscal year.

Hanesbrands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.56%. Hanesbrands's dividend payout ratio (DPR) is 50.00%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HBI shares. CL King decreased their target price on shares of Hanesbrands from $17.00 to $15.00 in a research report on Friday, August 12th. UBS Group dropped their price target on shares of Hanesbrands from $14.00 to $12.00 in a research note on Friday, July 15th. Stifel Nicolaus decreased their price target on shares of Hanesbrands from $11.00 to $10.00 in a report on Wednesday, July 20th. StockNews.com downgraded Hanesbrands from a "hold" rating to a "sell" rating in a research report on Monday. Finally, Citigroup decreased their price target on Hanesbrands from $14.00 to $11.00 in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Hanesbrands currently has an average rating of "Hold" and an average target price of $12.73.

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HBI Stock News Headlines

Barclays Trims Hanesbrands (NYSE:HBI) Target Price to $11.00
StockNews.com Lowers Hanesbrands (NYSE:HBI) to Sell
Hanesbrands (NYSE:HBI) Price Target Cut to $14.00
CL King Lowers Hanesbrands (NYSE:HBI) Price Target to $15.00
Company News for Aug 12, 2022
Hanesbrands 2Q Profit, Revenue Fall - MarketWatch
Factors Likely to Affect Hanesbrands' (HBI) Q2 Earnings
See More Headlines
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HBI Company Calendar

Ex-Dividend for 5/31 Dividend
5/09/2022
Dividend Payable
5/31/2022
Last Earnings
8/11/2022
Today
8/18/2022
Ex-Dividend for 9/14 Dividend
8/23/2022
Dividend Payable
9/14/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Apparel & accessory stores
Sub-Industry
Apparel Accessories & Luxury Goods
CUSIP
41034510
Fax
N/A
Employees
59,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$12.73
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+19.6%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$77.22 million
Pretax Margin
7.75%

Debt

Sales & Book Value

Annual Sales
$6.80 billion
Cash Flow
$2.11 per share
Book Value
$2.04 per share

Miscellaneous

Free Float
347,930,000
Market Cap
$3.71 billion
Optionable
Optionable
Beta
1.46

Key Executives

  • Mr. Stephen B. BratspiesMr. Stephen B. Bratspies (Age 54)
    CEO & Director
    Comp: $3.98M
  • Mr. Michael P. Dastugue (Age 57)
    Chief Financial Officer
    Comp: $1.39M
  • Mr. Michael E. FairclothMr. Michael E. Faircloth (Age 56)
    Group Pres of Global Operations
    Comp: $1.47M
  • Mr. Markland Scott Lewis (Age 51)
    Chief Accounting Officer & Controller
    Comp: $1.35M
  • Mr. Joseph W. CavaliereMr. Joseph W. Cavaliere (Age 59)
    Group Pres of Global Innerwear
    Comp: $1.91M
  • Mr. Thomas C. Robillard Jr.
    Chief Investor Relations Officer
  • Ms. Tracy M. Preston Esq. (Age 56)
    Gen. Counsel, Corp. Sec. & Chief Compliance Officer
  • Ms. Kristin L. Oliver (Age 50)
    Chief HR Officer
  • Mr. Gerald W. Evans Jr. (Age 63)
    Advisor
  • Mr. W. Howard Upchurch Jr.Mr. W. Howard Upchurch Jr. (Age 57)
    Group Pres of Innerwear Americas













HBI Stock - Frequently Asked Questions

Should I buy or sell Hanesbrands stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hanesbrands in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" HBI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HBI, but not buy additional shares or sell existing shares.
View HBI analyst ratings
or view top-rated stocks.

What is Hanesbrands' stock price forecast for 2022?

8 brokers have issued twelve-month price targets for Hanesbrands' shares. Their HBI share price forecasts range from $10.00 to $18.00. On average, they anticipate the company's share price to reach $12.73 in the next year. This suggests a possible upside of 19.6% from the stock's current price.
View analysts price targets for HBI
or view top-rated stocks among Wall Street analysts.

How have HBI shares performed in 2022?

Hanesbrands' stock was trading at $16.72 at the beginning of 2022. Since then, HBI stock has decreased by 36.4% and is now trading at $10.64.
View the best growth stocks for 2022 here
.

When is Hanesbrands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our HBI earnings forecast
.

How were Hanesbrands' earnings last quarter?

Hanesbrands Inc. (NYSE:HBI) posted its quarterly earnings data on Thursday, August, 11th. The textile maker reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by $0.05. The textile maker earned $1.51 billion during the quarter, compared to the consensus estimate of $1.69 billion. Hanesbrands had a trailing twelve-month return on equity of 79.09% and a net margin of 6.37%. Hanesbrands's quarterly revenue was down 13.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS.
Read the conference call transcript
.

How often does Hanesbrands pay dividends? What is the dividend yield for Hanesbrands?

Hanesbrands declared a quarterly dividend on Friday, August 12th. Investors of record on Wednesday, August 24th will be paid a dividend of $0.15 per share on Wednesday, September 14th. This represents a $0.60 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend is Tuesday, August 23rd.
Read our dividend analysis for HBI
.

Is Hanesbrands a good dividend stock?

Hanesbrands (NYSE:HBI) pays an annual dividend of $0.60 per share and currently has a dividend yield of 5.56%. HBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 50.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBI will have a dividend payout ratio of 42.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HBI.

When did Hanesbrands' stock split?

Shares of Hanesbrands split on the morning of Wednesday, March 4th 2015. The 4-1 split was announced on Wednesday, January 28th 2015. The newly minted shares were payable 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.

How will Hanesbrands' stock buyback program work?

Hanesbrands announced that its board has initiated a stock repurchase plan on Thursday, February 3rd 2022, which allows the company to repurchase $600,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 10.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

What guidance has Hanesbrands issued on next quarter's earnings?

Hanesbrands updated its third quarter 2022 earnings guidance on Thursday, August, 18th. The company provided earnings per share guidance of $0.27-$0.32 for the period, compared to the consensus earnings per share estimate of $0.49. The company issued revenue guidance of $1.73 billion-$1.78 billion, compared to the consensus revenue estimate of $1.81 billion.

What is Gerald Evans Jr's approval rating as Hanesbrands' CEO?

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.

What other stocks do shareholders of Hanesbrands own?

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).

What is Hanesbrands' stock symbol?

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

Who are Hanesbrands' major shareholders?

Hanesbrands' stock is owned by a variety of retail and institutional investors. Top institutional investors include Cooke & Bieler LP (5.82%), State Street Corp (3.48%), Northern Trust Corp (0.94%), RWC Asset Management LLP (0.89%), Goldman Sachs Group Inc. (0.86%) and abrdn plc (0.84%). Insiders that own company stock include Ann Elizabeth Ziegler, Cheryl K Beebe, Franck J Moison, Joia M Johnson, Joseph W Cavaliere, Michael E Faircloth, Michael E Faircloth, Ronald L Nelson, Stephen B Bratspies and W Howard Upchurch Jr.
View institutional ownership trends
.

How do I buy shares of Hanesbrands?

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.
Compare Top Brokerages Here.

What is Hanesbrands' stock price today?

One share of HBI stock can currently be purchased for approximately $10.64.

How much money does Hanesbrands make?

Hanesbrands (NYSE:HBI) has a market capitalization of $3.71 billion and generates $6.80 billion in revenue each year. The textile maker earns $77.22 million in net income (profit) each year or $1.20 on an earnings per share basis.

How many employees does Hanesbrands have?

The company employs 59,000 workers across the globe.

How can I contact Hanesbrands?

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.

This page (NYSE:HBI) was last updated on 8/18/2022 by MarketBeat.com Staff

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