Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Hanesbrands (NYSE:HBI) Stock Price
Media headlines about Hanesbrands (NYSE:HBI) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hanesbrands earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the textile maker an impact score of 46.6050853941155 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- A Look at Target Price and Valuation of Hanesbrands Inc (HBI) – AppsforPCdaily (appsforpcdaily.com)
- Hot Stock under Review – Hanesbrands Inc (NYSE: HBI) – Alpha Beta Stock (alphabetastock.com)
- Technical summary on Hanesbrands Inc. (HBI) – Wall Street Morning (wallstreetmorning.com)
- Hot Stock’s Watch List: Hanesbrands Inc (NYSE: HBI) – Alpha Beta Stock (alphabetastock.com)
- Beta Factor under Consideration – Hanesbrands Inc., (NYSE: HBI) – Stock Watch (stocksnewstimes.com)
A number of equities research analysts recently commented on the company. Barclays upped their target price on Hanesbrands from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. ValuEngine lowered Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered Hanesbrands from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Citigroup reiterated a “neutral” rating and issued a $23.00 target price on shares of Hanesbrands in a research report on Tuesday, December 19th. Finally, Credit Suisse Group assumed coverage on Hanesbrands in a research report on Monday. They issued a “neutral” rating and a $21.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $25.12.
Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, February 8th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. Hanesbrands had a return on equity of 72.30% and a net margin of 0.96%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the firm posted $0.53 EPS. The business’s revenue was up 4.4% on a year-over-year basis. sell-side analysts forecast that Hanesbrands will post 1.76 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.09%. Hanesbrands’s dividend payout ratio (DPR) is 400.00%.
In other news, insider W Howard Upchurch, Jr. sold 51,743 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $20.70, for a total transaction of $1,071,080.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.
Hanesbrands Company Profile
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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