Hanesbrands (HBI) Set to Announce Quarterly Earnings on Thursday

Hanesbrands (NYSE:HBIGet Free Report) will be posting its quarterly earnings results before the market opens on Thursday, February 15th. Analysts expect Hanesbrands to post earnings of $0.09 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Hanesbrands Price Performance

NYSE HBI opened at $4.86 on Tuesday. The business has a 50 day simple moving average of $4.25 and a 200 day simple moving average of $4.40. Hanesbrands has a 52-week low of $3.54 and a 52-week high of $5.96. The company has a debt-to-equity ratio of 12.08, a quick ratio of 0.65 and a current ratio of 1.57. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of -3.33 and a beta of 1.57.

Hedge Funds Weigh In On Hanesbrands

A number of large investors have recently bought and sold shares of the company. Stifel Financial Corp boosted its holdings in shares of Hanesbrands by 24.9% in the 4th quarter. Stifel Financial Corp now owns 206,302 shares of the textile maker’s stock valued at $920,000 after buying an additional 41,191 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Hanesbrands by 16.4% during the 4th quarter. Hsbc Holdings PLC now owns 77,640 shares of the textile maker’s stock valued at $346,000 after purchasing an additional 10,944 shares during the last quarter. Norges Bank acquired a new stake in Hanesbrands during the 4th quarter valued at $165,000. American Century Companies Inc. lifted its holdings in Hanesbrands by 79.2% during the 3rd quarter. American Century Companies Inc. now owns 194,365 shares of the textile maker’s stock valued at $770,000 after purchasing an additional 85,905 shares during the last quarter. Finally, Comerica Bank acquired a new stake in Hanesbrands during the 3rd quarter valued at $1,062,000. Institutional investors and hedge funds own 87.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Stifel Nicolaus lowered their target price on Hanesbrands from $5.00 to $4.50 and set a “hold” rating for the company in a research note on Thursday, December 14th. StockNews.com raised Hanesbrands from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.00.

Check Out Our Latest Analysis on Hanesbrands

About Hanesbrands

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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 and socks, and activewear, 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 and mass retail channels.

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Earnings History for Hanesbrands (NYSE:HBI)

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