Hanesbrands Inc. (NYSE:HBI) declared a quarterly dividend on Friday, February 7th, Fidelity reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.15 per share by the textile maker on Tuesday, March 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, February 14th.
Hanesbrands has a payout ratio of 34.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hanesbrands to earn $1.83 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 32.8%.
HBI opened at $14.77 on Thursday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.74 and a current ratio of 1.82. Hanesbrands has a fifty-two week low of $12.90 and a fifty-two week high of $19.38. The firm’s fifty day moving average is $14.30 and its 200 day moving average is $14.78. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 2.58 and a beta of 1.16.
Hanesbrands (NYSE:HBI) last released its earnings results on Friday, February 7th. The textile maker reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. Hanesbrands had a net margin of 8.70% and a return on equity of 55.80%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the company earned $0.48 EPS. Hanesbrands’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities research analysts predict that Hanesbrands will post 1.74 earnings per share for the current year.
Several analysts have commented on HBI shares. Stifel Nicolaus reiterated a “buy” rating and issued a $20.00 price target on shares of Hanesbrands in a research note on Monday. Wells Fargo & Co cut shares of Hanesbrands from an “equal weight” rating to an “underweight” rating and set a $12.00 price target on the stock. in a research note on Thursday, January 2nd. ValuEngine upgraded shares of Hanesbrands from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. B. Riley decreased their price target on shares of Hanesbrands from $26.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Goldman Sachs Group set a $15.00 price target on shares of Hanesbrands and gave the stock a “hold” rating in a research note on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Hanesbrands currently has an average rating of “Hold” and a consensus price target of $16.13.
Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.
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