Hanesbrands - HBI 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 1 sell rating, 5 hold ratings and 1 buy rating 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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7 Wall Street analysts have issued 1-year price objectives for Hanesbrands' stock. Their HBI share price forecasts range from $5.00 to $15.00. On average, they expect the company's share price to reach $10.00 in the next year. This suggests a possible upside of 57.0% 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 $16.72 at the beginning of the year. Since then, HBI shares have decreased by 61.9% and is now trading at $6.37.
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Hanesbrands saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 53,590,000 shares, an increase of 9.2% from the October 31st total of 49,090,000 shares. Based on an average trading volume of 9,470,000 shares, the days-to-cover ratio is presently 5.7 days. Approximately 15.5% of the company's shares are short sold.
View Hanesbrands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our HBI earnings forecast.

Hanesbrands Inc. (NYSE:HBI) released its earnings results on Wednesday, November, 9th. The textile maker reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. The textile maker earned $1.67 billion during the quarter, compared to the consensus estimate of $1.70 billion. Hanesbrands had a net margin of 5.39% and a trailing twelve-month return on equity of 66.07%. The firm's revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share.
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Hanesbrands declared 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 dividend on an annualized basis and a dividend yield of 9.42%. The ex-dividend date of this dividend is Monday, November 21st.
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 8.93%. HBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 60.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBI will have a dividend payout ratio of 59.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HBI.

Hanesbrands shares split on Wednesday, March 4th 2015. The 4-1 split was announced on Wednesday, January 28th 2015. The newly minted shares were distributed 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 share buyback plan on Thursday, February 3rd 2022, which allows the company to buyback $600,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 10.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

Hanesbrands issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of $0.04-$0.11 for the period, compared to the consensus EPS estimate of $0.21. The company issued revenue guidance of $1.40 billion-$1.45 billion, compared to the consensus revenue estimate of $1.63 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 BlackRock Inc. (10.81%), Vanguard Group Inc. (9.83%), Cooke & Bieler LP (5.93%), State Street Corp (2.76%), Diamond Hill Capital Management Inc. (1.82%) and LSV Asset Management (1.46%). Insiders that own company stock include Ann Elizabeth Ziegler, 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.
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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 $6.37.

Hanesbrands (NYSE:HBI) has a market capitalization of $2.22 billion and generates $6.80 billion in revenue each year. The textile maker earns $77.22 million in net income (profit) each year or $1.00 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.