Hanesbrands (HBI) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hanesbrands in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 1 buy rating 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.
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7 equities research analysts have issued twelve-month target prices for Hanesbrands' shares. Their HBI share price forecasts range from $5.00 to $15.00. On average, they predict the company's stock price to reach $8.60 in the next twelve months. This suggests a possible upside of 110.3% from the stock's current price.
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Hanesbrands' stock was trading at $6.36 at the start of the year. Since then, HBI stock has decreased by 35.7% and is now trading at $4.09.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our HBI earnings forecast.

Hanesbrands Inc. (NYSE:HBI) announced its quarterly earnings results on Wednesday, May, 3rd. The textile maker reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The textile maker had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. Hanesbrands had a negative net margin of 4.64% and a positive trailing twelve-month return on equity of 38.23%. The firm's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 earnings per share.
Read the conference call transcript.

Hanesbrands declared a quarterly dividend on Wednesday, November 9th. Stockholders of record on Tuesday, November 22nd will be paid a dividend of $0.15 per share on Tuesday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 14.67%. The ex-dividend date of this dividend is Monday, November 21st.
Read our dividend analysis for HBI.

ETFs with the largest weight of Hanesbrands (NYSE:HBI) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Invesco S&P SmallCap 600 Revenue ETF (RWJ), iShares S&P Small-Cap 600 Value ETF (IJS), Vanguard S&P Small-Cap 600 Value ETF (VIOV), SPDR S&P 600 Small CapValue ETF (SLYV), First Trust Mid Cap Value AlphaDEX Fund (FNK) and UVA Dividend Value ETF (UVDV).

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 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 of Directors has authorized 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 buy up to 10.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

Hanesbrands updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of -$0.05-0 for the period, compared to the consensus estimate of $0.04. The company issued revenue guidance of $1.42 billion-$1.47 billion, compared to the consensus revenue estimate of $1.47 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (13.30%), Cooke & Bieler LP (6.88%), State Street Corp (3.34%), New South Capital Management Inc. (2.58%), Diamond Hill Capital Management Inc. (1.71%) and ArrowMark Colorado Holdings LLC (1.44%). 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 $4.09.

Hanesbrands (NYSE:HBI) has a market capitalization of $1.43 billion and generates $6.23 billion in revenue each year. The textile maker earns $-127,200,000.00 in net income (profit) each year or ($0.80) on an earnings per share basis.

The company employs 51,000 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.