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Hanesbrands - HBI Stock Forecast, Price & News

$6.94
+0.22 (+3.27%)
(As of 12/1/2022 11:34 AM ET)
Add
Compare
Today's Range
$6.64
$7.02
50-Day Range
$6.48
$8.00
52-Week Range
$6.32
$17.81
Volume
199,866 shs
Average Volume
10.37 million shs
Market Capitalization
$2.42 billion
P/E Ratio
6.94
Dividend Yield
9.19%
Price Target
$10.00

Hanesbrands MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
44.7% Upside
$10.00 Price Target
Short Interest
Bearish
15.49% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.07
Upright™ Environmental Score
News Sentiment
0.04mentions of Hanesbrands in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$322,600 Bought Last Quarter
Proj. Earnings Growth
4.12%
From $0.97 to $1.01 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Consumer Discretionary Sector

90th out of 274 stocks

Apparel & Accessory Stores Industry

1st out of 7 stocks

HBI stock logo

About Hanesbrands (NYSE:HBI) Stock

Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children. The company operates through three segments: Innerwear, Activewear, and International. It sells men's underwear, women's panties, children's underwear, activewear, and socks, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, performance apparel, sport shirts, performance T-shirts and shorts, sports bras, teamwear, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels. The company licenses its Champion name for footwear and sports accessories. Hanesbrands Inc. provides its products primarily under the Hanes, Champion, Maidenform, JMS/Just My Size, Bali, Polo Ralph Lauren, Playtex, DKNY, Alternative, Gear for Sports, Comfortwash, Hanes Beefy-T, Bonds, DIM, Sheridan, Bras N Things, Lovable, Wonderbra, Berlei, Abanderado, Shock Absorber, Zorba, Explorer, Sol y Oro, Maidenform, Rinbros, and Bellinda brand names. The company markets its products through retailers, wholesalers, and third-party embellishers. As of January 2, 2022, it operated 216 retail and direct outlet stores in the United States and the Commonwealth of Puerto Rico, as well as 626 retail and outlet stores internationally. The company also sells its products in Europe, Australia, Asia, Latin America, Canada, the Middle East, Africa, Mexico, and Brazil. Hanesbrands Inc. was founded in 1901 and is headquartered in Winston-Salem, North Carolina.

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HBI Stock News Headlines

MarketBeat: Week in Review 11/7 – 11/11 (HBI)
The midterms, a new CPI report, and a crypto crash are moving the market and the MarketBeat team continues to help you profit from these events
Hanesbrands May be Signaling a Bad Week for Retail Stocks
With high inventories, little pricing power, and a weak economic outlook, now is a time to avoid Hanesbrands stock even though it looks cheap
Is Clothier V.F. Corporation’s 7% Dividend Worth Trying On?
VFC's stock now offers a 7.3% forward dividend yield and seems to be finding support in the mid-$20’s. But are would-be investors stepping into a value trap?
Hanesbrands (NYSE:HBI) Is Paying Out A Dividend Of $0.15
Why Hanesbrands Stock Dived by Almost 9% Today
HanesBrands (HBI) Q3 Earnings Meet Estimates
Hanesbrands Cuts FY22 Outlook After Mixed Q3 Results
Factors to Know Ahead of Hanesbrands' (HBI) Q3 Earnings
"HBI Forest" Part of Thailand Tree Planting Project
Crocs (CROX) Q3 Earnings and Revenues Surpass Estimates
Hanesbrands (NYSE: HBI)
See More Headlines
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HBI Company Calendar

Ex-Dividend for 9/14 Dividend
8/23/2022
Dividend Payable
9/14/2022
Last Earnings
11/09/2022
Ex-Dividend for 12/13 Dividend
11/21/2022
Today
12/01/2022
Dividend Payable
12/13/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/02/2023

Industry, Sector and Symbol

Industry
Apparel & accessory stores
Sub-Industry
Apparel Accessories & Luxury Goods
CUSIP
41034510
Fax
N/A
Employees
59,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.00
High Stock Price Forecast
$15.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+44.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$77.22 million
Pretax Margin
6.43%

Debt

Sales & Book Value

Annual Sales
$6.80 billion
Cash Flow
$2.34 per share
Book Value
$1.93 per share

Miscellaneous

Free Float
347,937,000
Market Cap
$2.42 billion
Optionable
Optionable
Beta
1.49

Key Executives

  • Mr. Stephen B. BratspiesMr. Stephen B. Bratspies (Age 54)
    CEO & Director
    Comp: $3.98M
  • Mr. Michael P. Dastugue (Age 57)
    Chief Financial Officer
    Comp: $1.39M
  • Mr. Michael E. FairclothMr. Michael E. Faircloth (Age 56)
    Group Pres of Global Operations
    Comp: $1.47M
  • Mr. Markland Scott Lewis (Age 51)
    Chief Accounting Officer & Controller
    Comp: $1.35M
  • Mr. Joseph W. CavaliereMr. Joseph W. Cavaliere (Age 59)
    Group Pres of Global Innerwear
    Comp: $1.91M
  • Mr. Thomas C. Robillard Jr.
    Chief Investor Relations Officer
  • Ms. Tracy M. Preston Esq. (Age 56)
    Gen. Counsel, Corp. Sec. & Chief Compliance Officer
  • Ms. Kristin L. Oliver (Age 50)
    Chief HR Officer
  • Mr. Gerald W. Evans Jr. (Age 63)
    Advisor
  • Mr. W. Howard Upchurch Jr.Mr. W. Howard Upchurch Jr. (Age 57)
    Group Pres of Innerwear Americas













HBI Stock - Frequently Asked Questions

Should I buy or sell Hanesbrands stock right now?

7 Wall Street 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 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.
View HBI analyst ratings
or view top-rated stocks.

What is Hanesbrands' stock price forecast for 2023?

7 brokers have issued 12 month price objectives for Hanesbrands' stock. Their HBI share price forecasts range from $5.00 to $15.00. On average, they anticipate the company's share price to reach $10.00 in the next twelve months. This suggests a possible upside of 48.8% from the stock's current price.
View analysts price targets for HBI
or view top-rated stocks among Wall Street analysts.

How have HBI shares performed in 2022?

Hanesbrands' stock was trading at $16.72 at the beginning of the year. Since then, HBI stock has decreased by 59.8% and is now trading at $6.72.
View the best growth stocks for 2022 here
.

Are investors shorting Hanesbrands?

Hanesbrands saw a increase in short interest in 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 daily 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
.

When is Hanesbrands' next earnings date?

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

How were Hanesbrands' earnings last quarter?

Hanesbrands Inc. (NYSE:HBI) released its quarterly earnings results on Wednesday, November, 9th. The textile maker reported $0.29 EPS for the quarter, beating analysts' consensus estimates 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 trailing twelve-month return on equity of 66.07% and a net margin of 5.39%. The business's quarterly revenue was down 6.6% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share.
Read the conference call transcript
.

How often does Hanesbrands pay dividends? What is the dividend yield for Hanesbrands?

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 yield of 8.93%. The ex-dividend date of this dividend is Monday, November 21st.
Read our dividend analysis for HBI
.

Is Hanesbrands a good dividend stock?

Hanesbrands (NYSE:HBI) pays an annual dividend of $0.60 per share and currently has a dividend yield of 9.19%. 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.

When did Hanesbrands' stock split?

Hanesbrands shares split 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.

How will Hanesbrands' stock buyback program work?

Hanesbrands declared that its board has approved a share buyback program on Thursday, February 3rd 2022, which authorizes the company to buyback $600,000,000.00 in outstanding 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 generally an indication that the company's management believes its shares are undervalued.

What guidance has Hanesbrands issued on next quarter's earnings?

Hanesbrands issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS 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.

What is Gerald Evans Jr's approval rating as Hanesbrands' CEO?

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.

What other stocks do shareholders of Hanesbrands own?

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).

What is Hanesbrands' stock symbol?

Hanesbrands trades on the New York Stock Exchange (NYSE) under the ticker symbol "HBI."

Who are Hanesbrands' major shareholders?

Hanesbrands' stock is owned by a number of retail and institutional investors. Top institutional shareholders 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.
View institutional ownership trends
.

How do I buy shares of Hanesbrands?

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.
Compare Top Brokerages Here.

What is Hanesbrands' stock price today?

One share of HBI stock can currently be purchased for approximately $6.72.

How much money does Hanesbrands make?

Hanesbrands (NYSE:HBI) has a market capitalization of $2.34 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.

How many employees does Hanesbrands have?

The company employs 59,000 workers across the globe.

How can I contact Hanesbrands?

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.

This page (NYSE:HBI) was last updated on 12/1/2022 by MarketBeat.com Staff