Hanesbrands Inc. (HBI) Raised to "Buy" at ValuEngine

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15 July, 2017

Estabrook holds 0% in Hanesbrands Inc. (NYSE:HBI). Endurance Wealth Mgmt Inc owns 0.04% invested in Hanesbrands Inc.

Yet another important factor while evaluating a good buy/sell decision for Hanesbrands Inc.

NYSE:DSW) shares were trading lower by -0.95 percent ($-0.16) at $16.7 a piece in Tuesday's session. DSW Inc. earnings have declined with an annualized rate of -8.3% over the last 5 years. The company is scheduled to report its next quarterly earnings results on Tuesday, August 1st. Analysts predict that Hanesbrands will post $1.98 EPS for the current year.

A number of research analysts have commented on HBI shares. The Virginia-based Old Dominion Cap Mngmt Incorporated has invested 1.46% in Hanesbrands Inc.

In the last reported quarter, Hanesbrands Inc reported its Actual EPS (earnings per share) of $0.29/share where most of the analysts working on this stock were estimating the EPS to be $0.28/share. The textile maker reported $0.29 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.28 by $0.01. The company posted earnings of $1.38 B for the period, compared to analysts' anticipations of $1.39 B. Hanesbrands had a ROE of 65.05% and a net profit margin of 8.56%. brokerages expect that Hanesbrands to post $1.98 EPS for the present financial year.

A number of equities analysts recently issued reports on HBI shares. (NYSE:HBI) has "Buy" rating given on Thursday, September 17 by Goldman Sachs. ValuEngine lowered Hanesbrands from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. Micron Technology, Inc. has 11 buy ratings, 3 holds and 0 sells even after the stock tumbled -7.46% from its high of $32.96 to a $34.44 billion market value through last close. On April 22 Brean Capital held the stock rating at "Buy" and lowered the price expectation to $35.00 from $36.00.

According to Yahoo Finance, The Dividend Date for Hanesbrands Inc is Jun 6, 2017 and its Ex-Dividend Date is May 12, 2017. Out of 16 Wall Street analysts rating Hanesbrands, 12 give it "Buy", 0 "Sell" rating, while 4 recommend "Hold". The stock has a consensus rating of "Buy" and an average price target of $27.79. Also, CEO Gerald Evans sold 42,109 shares of the firm's stock in a transaction that occurred on Tuesday, May 9th. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

In other news, insider W Howard Upchurch, Jr. sold 55,850 shares of the firm's stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $22.57, for a total transaction of $250,527.00. Following the completion of the transaction, the insider now owns 579,663 shares of the company's stock, valued at $13,274,282.70. The disclosure for this sale can be found here. It also upped Ishares (Put) (EWY) stake by 710,000 shares and now owns 1.15M shares. Clearbridge Investments LLC increased its position in shares of Hanesbrands by 73.8% in the first quarter. Van ECK Associates Corp acquired a new stake in Hanesbrands during the fourth quarter worth approximately $120,000. Jacobi Capital Management LLC now owns 14,135 shares of the textile maker's stock valued at $288,000 after buying an additional 7,900 shares in the last quarter. SRS Capital Advisors Inc. bought a new position in Hanesbrands during the fourth quarter valued at about $132,000. Finally, Pacer Advisors Inc. boosted its position in shares of Hanesbrands by 3.3% in the first quarter. Lazard Asset Management LLC increased its position in Hanesbrands by 25.0% in the first quarter. Insiders have sold a total of 152,438 shares of company stock valued at $3,450,467 over the last ninety days. Institutional investors and hedge funds own 93.65% of the company's stock. Sandy Spring Bank acquired 33,666 shares as Hanesbrands Inc (HBI)'s stock declined 1.43%. Volume was up 10.55% over the stocks average daily volume.

It is now trading at $22.86 which is marginally over the 50 day moving average of $21.64 and barely above the 200 day moving average of $21.44.

Revenue per share is 16.35.

Since February 9, 2017, it had 0 insider buys, and 12 insider sales for $12.02 million activity. This dividend amount was represent a yeild of $2.62. Hanesbrands's payout ratio is 43.17%.

Hanesbrands Inc (NYSE:HBI) now has a trailing P/E of 16.38 while its forward P/E according to Thomson Reuters is 10.6. (NYSE:HBI) news was published by Nasdaq.com which published an article titled: "Community Financial Services Group, LLC Buys Embraer SA, Stericycle Inc ..." on July 06, 2017.

Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L'eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.


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