Stoneridge Investment Partners LLC decreased its position in shares of Hanesbrands Inc. (NYSE:HBI) by 0.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 218,228 shares of the textile maker’s stock after selling 216 shares during the period. Stoneridge Investment Partners LLC owned 0.06% of Hanesbrands worth $5,054,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in shares of Hanesbrands by 5.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,090 shares of the textile maker’s stock worth $282,000 after buying an additional 690 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Hanesbrands by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 889,181 shares of the textile maker’s stock worth $19,180,000 after buying an additional 28,296 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of Hanesbrands by 3.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 333,616 shares of the textile maker’s stock worth $6,926,000 after buying an additional 12,610 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Hanesbrands by 1.2% in the first quarter. Raymond James Trust N.A. now owns 18,466 shares of the textile maker’s stock worth $383,000 after buying an additional 224 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in shares of Hanesbrands by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 119,566 shares of the textile maker’s stock worth $2,482,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 94.54% of the company’s stock.
Hanesbrands Inc. (HBI) traded down 1.47% during mid-day trading on Friday, reaching $23.53. 3,650,001 shares of the company traded hands. Hanesbrands Inc. has a 12-month low of $18.91 and a 12-month high of $28.24. The company’s 50 day moving average price is $23.44 and its 200 day moving average price is $21.73. The firm has a market capitalization of $8.58 billion, a P/E ratio of 15.42 and a beta of 0.73.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company earned $0.51 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. Equities research analysts predict that Hanesbrands Inc. will post $1.99 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, August 11th. Hanesbrands’s payout ratio is 39.47%.
HBI has been the topic of several recent analyst reports. ValuEngine cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Zacks Investment Research cut shares of Hanesbrands from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Buckingham Research restated a “buy” rating and issued a $30.00 target price on shares of Hanesbrands in a report on Monday, July 17th. Finally, Credit Suisse Group set a $28.00 target price on shares of Hanesbrands and gave the stock a “buy” rating in a report on Thursday, July 27th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Hanesbrands currently has an average rating of “Buy” and an average target price of $27.57.
In other news, insider W Howard Upchurch, Jr. sold 55,850 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $22.90, for a total transaction of $1,278,965.00. Following the transaction, the insider now owns 579,663 shares of the company’s stock, valued at approximately $13,274,282.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard D. Moss sold 20,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $24.08, for a total value of $481,600.00. Following the transaction, the chief financial officer now directly owns 254,487 shares in the company, valued at approximately $6,128,046.96. The disclosure for this sale can be found here. Insiders have sold a total of 130,329 shares of company stock worth $3,016,617 in the last three months. Corporate 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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