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 4 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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7 brokerages have issued 1-year price objectives for Hanesbrands' stock. Their HBI share price forecasts range from $10.00 to $15.00. On average, they anticipate the company's share price to reach $12.20 in the next year. This suggests a possible upside of 56.0% 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 53.2% and is now trading at $7.82.
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Hanesbrands saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 39,490,000 shares, an increase of 14.0% from the August 31st total of 34,640,000 shares. Based on an average daily trading volume, of 6,690,000 shares, the short-interest ratio is presently 5.9 days. Approximately 11.4% of the shares of the company are short sold.
View Hanesbrands' Short Interest.

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) issued its earnings results on Thursday, August, 11th. The textile maker reported $0.28 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 net margin of 6.37% and a trailing twelve-month return on equity of 79.09%. The business's revenue was down 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share.
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Hanesbrands announced a quarterly dividend on Friday, August 12th. Investors 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 7.67%. The ex-dividend date 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 7.89%. 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's stock split on the morning of Wednesday, March 4th 2015. The 4-1 split was announced on Wednesday, January 28th 2015. The newly created 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 initiated a stock buyback program 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 shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Hanesbrands updated its third quarter 2022 earnings guidance on Thursday, September, 8th. The company provided EPS guidance of $0.27-$0.32 for the period, compared to the consensus EPS 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 investors include Thomasville National Bank (0.08%). 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 $7.82.

Hanesbrands (NYSE:HBI) has a market capitalization of $2.73 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.