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NYSE:HBI

Hanesbrands - HBI Stock Forecast, Price & News

$11.55
+0.35 (+3.13%)
(As of 08/8/2022 02:27 PM ET)
Add
Compare
Today's Range
$11.32
$11.77
50-Day Range
$9.74
$12.09
52-Week Range
$9.58
$20.74
Volume
223,214 shs
Average Volume
5.39 million shs
Market Capitalization
$4.03 billion
P/E Ratio
8.82
Dividend Yield
5.36%
Price Target
$14.10

Hanesbrands MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
21.2% Upside
$14.10 Price Target
Short Interest
Bearish
10.38% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.07
Upright™ Environmental Score
News Sentiment
-0.02mentions of Hanesbrands in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.73%
From $1.57 to $1.66 Per Share

Overall MarketRank

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

1.89 out of 5 stars

Consumer Discretionary Sector

180th out of 366 stocks

Apparel & Accessory Stores Industry

4th 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.

Analysts Set New Price Targets

Several brokerages have commented on HBI. UBS Group cut their target price on Hanesbrands from $14.00 to $12.00 in a report on Friday, July 15th. TheStreet downgraded Hanesbrands from a "b-" rating to a "c+" rating in a report on Monday, June 6th. Stifel Nicolaus cut their target price on Hanesbrands from $11.00 to $10.00 in a report on Wednesday, July 20th. Evercore ISI downgraded Hanesbrands from an "outperform" rating to an "in-line" rating and cut their target price for the stock from $18.00 to $12.00 in a report on Wednesday, July 13th. Finally, B. Riley set a $18.00 target price on Hanesbrands in a report on Tuesday, July 19th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $14.10.

Hanesbrands Trading Up 3.1 %

Shares of NYSE:HBI traded up $0.35 during midday trading on Monday, reaching $11.55. The company's stock had a trading volume of 33,891 shares, compared to its average volume of 5,386,430. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 8.55 and a beta of 1.46. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.72 and a current ratio of 1.60. The firm has a 50 day moving average price of $10.87 and a two-hundred day moving average price of $13.23. Hanesbrands has a fifty-two week low of $9.58 and a fifty-two week high of $20.74.

Hanesbrands (NYSE:HBI - Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.06. Hanesbrands had a return on equity of 93.47% and a net margin of 6.68%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the business earned $0.39 EPS. The firm's revenue was up 4.5% compared to the same quarter last year. As a group, analysts forecast that Hanesbrands will post 1.57 earnings per share for the current year.

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HBI Stock News Headlines

Hanesbrands (NYSE:HBI) Price Target Cut to $12.00
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HBI Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 5/31 Dividend
5/09/2022
Dividend Payable
5/31/2022
Today
8/08/2022
Next Earnings (Confirmed)
8/11/2022
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
$14.10
High Stock Price Forecast
$23.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+22.1%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
7 Analysts

Profitability

Net Income
$77.22 million
Pretax Margin
8.38%

Debt

Sales & Book Value

Annual Sales
$6.80 billion
Cash Flow
$2.28 per share
Book Value
$2.01 per share

Miscellaneous

Free Float
347,765,000
Market Cap
$4.03 billion
Optionable
Optionable
Beta
1.46














HBI Stock - Frequently Asked Questions

Should I buy or sell Hanesbrands stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hanesbrands in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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?

7 equities research analysts have issued 12-month target prices for Hanesbrands' shares. Their HBI stock forecasts range from $10.00 to $23.00. On average, they anticipate the company's share price to reach $14.10 in the next year. This suggests a possible upside of 21.2% from the stock's current price.
View analysts price targets for HBI
or view top-rated stocks among Wall Street analysts.

How has Hanesbrands' stock performed in 2022?

Hanesbrands' stock was trading at $16.72 at the start of the year. Since then, HBI stock has decreased by 30.4% and is now trading at $11.63.
View the best growth stocks for 2022 here
.

When is Hanesbrands' next earnings date?

Hanesbrands is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
View our HBI earnings forecast
.

How can I listen to Hanesbrands' earnings call?

Hanesbrands will be holding an earnings conference call on Thursday, August 11th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Hanesbrands' earnings last quarter?

Hanesbrands Inc. (NYSE:HBI) released its earnings results on Thursday, November, 4th. The textile maker reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.06. The textile maker earned $1.79 billion during the quarter, compared to analysts' expectations of $1.80 billion. Hanesbrands had a trailing twelve-month return on equity of 93.47% and a net margin of 6.68%. Hanesbrands's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS.
Read the conference call transcript
.

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

Hanesbrands announced a quarterly dividend on Tuesday, April 26th. Investors of record on Tuesday, May 10th will be paid a dividend of $0.15 per share on Tuesday, May 31st. This represents a $0.60 annualized dividend and a yield of 5.16%. The ex-dividend date is Monday, May 9th.
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 5.36%. HBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 45.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBI will have a dividend payout ratio of 36.14% 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 before market open on Wednesday, March 4th 2015. The 4-1 split was announced on Wednesday, January 28th 2015. The newly created 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 declared that its Board of Directors has initiated a share buyback plan on Thursday, February 3rd 2022, which allows the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 10.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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

Hanesbrands issued an update on its second quarter 2022 earnings guidance on Monday, May, 23rd. The company provided earnings per share guidance of $0.32-$0.36 for the period, compared to the consensus EPS estimate of $0.42. The company issued revenue guidance of $1.68 billion-$1.73 billion, compared to the consensus revenue estimate of $1.79 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 number of retail and institutional investors. Top institutional investors include Cooke & Bieler LP (5.82%), abrdn plc (0.84%), GW Henssler & Associates Ltd. (0.53%), Arnhold LLC (0.37%), AEGON ASSET MANAGEMENT UK Plc (0.31%) and Brookstone Capital Management (0.22%). 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 $11.63.

How much money does Hanesbrands make?

Hanesbrands (NYSE:HBI) has a market capitalization of $4.06 billion and generates $6.80 billion in revenue each year. The textile maker earns $77.22 million in net income (profit) each year or $1.31 on an earnings per share basis.

How many employees does Hanesbrands have?

Hanesbrands 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 8/8/2022 by MarketBeat.com Staff

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