Hanesbrands Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hanesbrands in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Hanesbrands stock. 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.
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7 Wall Street analysts have issued 12-month price objectives for Hanesbrands' shares. Their HBI stock forecasts range from $11.00 to $24.00. On average, they expect Hanesbrands' share price to reach $16.89 in the next year. This suggests a possible upside of 57.5% from the stock's current price.
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Hanesbrands' stock was trading at $16.72 on January 1st, 2022. Since then, HBI stock has decreased by 35.9% and is now trading at $10.72.
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Hanesbrands is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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Hanesbrands Inc. (NYSE:HBI) announced its quarterly earnings results on Thursday, May, 5th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.06. The textile maker earned $1.58 billion during the quarter, compared to analysts' expectations of $1.54 billion. Hanesbrands had a net margin of 6.68% and a trailing twelve-month return on equity of 93.47%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share.
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Hanesbrands declared a quarterly dividend on Tuesday, April 26th. Stockholders of record on Tuesday, May 10th will be given a dividend of $0.15 per share on Tuesday, May 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date is Monday, May 9th.
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Hanesbrands(NYSE:HBI) pays an annual dividend of $0.60 per share and currently has a dividend yield of 5.83%. HBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Hanesbrands is 45.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Hanesbrands will have a dividend payout ratio of 33.52% next year. This indicates that Hanesbrands will be able to sustain or increase its dividend.
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Shares of Hanesbrands split on 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 Hanesbrands stock prior to the split would have 400 shares after the split.

Hanesbrands announced that its board has approved a share buyback program 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 repurchase up to 10.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Hanesbrands updated its second quarter 2022 earnings guidance on Monday, May, 23rd. The company provided earnings per share (EPS) guidance of $0.32-$0.36 for the period, compared to the consensus 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.

68 employees have rated Hanesbrands CEO Gerald Evans Jr on Glassdoor.com. Gerald Evans Jr has an approval rating of 82% among Hanesbrands' employees.

Some companies that are related to Hanesbrands include V.F. (VFC), Tapestry (TPR), Ralph Lauren (RL), Columbia Sportswear (COLM), PVH (PVH), Carter's (CRI), Oxford Industries (OXM), G-III Apparel Group (GIII), Movado Group (MOV), Fossil Group (FOSL), Delta Apparel (DLA), Vera Bradley (VRA) and Boardriders (ZQKSQ).
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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 institutional and retail investors. Top institutional investors include BlackRock Inc. (10.78%), Vanguard Group Inc. (9.86%), Diamond Hill Capital Management Inc. (6.89%), Shapiro Capital Management LLC (4.40%), Cooke & Bieler LP (3.75%) and Lyrical Asset Management LP (3.41%). Company insiders that own Hanesbrands stock include Ann Elizabeth Ziegler, Cheryl K Beebe, Franck J Moison, Gerald Evans, 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 for Hanesbrands.

HBI stock was sold by a variety of institutional investors in the last quarter, including Apriem Advisors, Commerce Bank, American Century Companies Inc., South Dakota Investment Council, Advisors Asset Management Inc., The Manufacturers Life Insurance Company , Bridgewater Associates LP, and Envestnet Asset Management Inc.. Company insiders that have sold Hanesbrands company stock in the last two years include Ann Elizabeth Ziegler, Franck J Moison, Joia M Johnson, Michael E Faircloth, and W Howard Upchurch Jr.
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HBI stock was acquired by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Diamond Hill Capital Management Inc., Cooke & Bieler LP, Goldman Sachs Group Inc., Shapiro Capital Management LLC, Loews Corp, BlackRock Inc., and Renaissance Technologies LLC. Company insiders that have bought Hanesbrands stock in the last two years include Cheryl K Beebe, Joseph W Cavaliere, Ronald L Nelson, and Stephen B Bratspies.
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Shares of HBI 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 $10.72.

Hanesbrands (NYSE:HBI) has a market capitalization of $3.74 billion and generates $6.80 billion in revenue each year. The textile maker earns $77.22 million in net income (profit) each year or $1.309990 on an earnings per share basis.

Hanesbrands employs 59,000 workers across the globe.

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