Hanesbrands - HBI Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hanesbrands in the last year. 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 analysts have issued 1 year price targets for Hanesbrands' shares. Their HBI share price forecasts range from $10.00 to $18.00. On average, they predict the company's share price to reach $12.73 in the next twelve months. This suggests a possible upside of 66.6% from the stock's current price.
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Hanesbrands' stock was trading at $16.72 at the beginning of the year. Since then, HBI stock has decreased by 54.3% and is now trading at $7.64.
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Hanesbrands saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 34,640,000 shares, an increase of 11.9% from the August 15th total of 30,960,000 shares. Based on an average trading volume of 6,200,000 shares, the days-to-cover ratio is currently 5.6 days. Currently, 10.0% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our HBI earnings forecast.

Hanesbrands Inc. (NYSE:HBI) posted its quarterly earnings results on Thursday, August, 11th. The textile maker reported $0.28 EPS for the quarter, missing the consensus estimate of $0.33 by $0.05. The textile maker earned $1.51 billion during the quarter, compared to analyst estimates of $1.69 billion. Hanesbrands had a net margin of 6.37% and a trailing twelve-month return on equity of 79.09%. Hanesbrands's revenue was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 EPS.
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Hanesbrands declared a quarterly dividend on Friday, August 12th. Shareholders of record on Wednesday, August 24th will be given 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 7.85%. 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 7.50%. 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 47.62% 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 the morning of Wednesday, March 4th 2015. The 4-1 split was announced on Wednesday, January 28th 2015. The newly issued shares were issued to shareholders after the closing bell 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 repurchase program on Thursday, February 3rd 2022, which authorizes the company to buyback $600,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 10.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Hanesbrands issued an update on its third quarter 2022 earnings guidance on Thursday, September, 8th. The company provided earnings per share (EPS) 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 institutional and retail investors. Top institutional shareholders 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, 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 $7.64.

Hanesbrands (NYSE:HBI) has a market capitalization of $2.67 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.