Hanesbrands - HBI Stock Forecast, Price & News

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

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.

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.

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.

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.

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 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.
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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 $10.64.

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.

The company employs 59,000 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.