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 analysts have issued 1 year target prices for Hanesbrands' stock. Their HBI share price forecasts range from $5.00 to $15.00. On average, they expect the company's stock price to reach $10.00 in the next twelve months. This suggests a possible upside of 52.7% 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 $6.36 at the beginning of 2023. Since then, HBI shares have increased by 3.0% and is now trading at $6.55.
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Hanesbrands saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 54,230,000 shares, a decline of 9.7% from the December 31st total of 60,050,000 shares. Based on an average daily trading volume, of 9,960,000 shares, the short-interest ratio is presently 5.4 days. Approximately 15.7% of the company's stock are short sold.
View Hanesbrands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our HBI earnings forecast.

Hanesbrands Inc. (NYSE:HBI) announced its quarterly earnings data on Thursday, February, 2nd. The textile maker reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.01. The textile maker had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. Hanesbrands had a positive trailing twelve-month return on equity of 53.41% and a negative net margin of 2.04%. Hanesbrands's revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS.
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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 9.16%. 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 9.55%. HBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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 minted 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 announced that its Board of Directors has initiated a share repurchase program on Thursday, February 3rd 2022, which permits the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 10.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Hanesbrands updated its first quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share (EPS) guidance of -$0.09--$0.04 for the period, compared to the consensus EPS estimate of $0.14. The company issued revenue guidance of $1.35 billion-$1.40 billion, compared to the consensus revenue estimate of $1.43 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 number of institutional and retail investors. Top institutional shareholders include GW Henssler & Associates Ltd. (0.46%), Peregrine Capital Management LLC (0.40%), Lapides Asset Management LLC (0.25%), Sound Income Strategies LLC (0.24%), Foundry Partners LLC (0.16%) and OLD National Bancorp IN (0.15%). 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 $6.55.

Hanesbrands (NYSE:HBI) has a market capitalization of $2.29 billion and generates $6.23 billion in revenue each year. The textile maker earns $77.22 million in net income (profit) each year or ($0.36) 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.