Carret Asset Management LLC Has $1.45 Million Position in Hanesbrands Inc. (HBI)

Carret Asset Management LLC increased its position in shares of Hanesbrands Inc. (NYSE:HBI) by 11.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,767 shares of the textile maker’s stock after acquiring an additional 6,196 shares during the period. Carret Asset Management LLC’s holdings in Hanesbrands were worth $1,448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HBI. Russell Investments Group Ltd. boosted its position in shares of Hanesbrands by 33.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 192,393 shares of the textile maker’s stock worth $4,456,000 after acquiring an additional 48,366 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Hanesbrands by 87.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 22,680 shares of the textile maker’s stock worth $525,000 after acquiring an additional 10,580 shares in the last quarter. NGAM Advisors L.P. boosted its position in shares of Hanesbrands by 7.6% during the 2nd quarter. NGAM Advisors L.P. now owns 123,951 shares of the textile maker’s stock worth $2,871,000 after acquiring an additional 8,737 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Hanesbrands by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 36,700 shares of the textile maker’s stock worth $850,000 after acquiring an additional 106 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Hanesbrands by 30.0% during the 2nd quarter. IFP Advisors Inc now owns 12,723 shares of the textile maker’s stock worth $295,000 after acquiring an additional 2,934 shares in the last quarter. Institutional investors and hedge funds own 96.92% of the company’s stock.

Several research firms recently issued reports on HBI. ValuEngine lowered shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Barclays began coverage on shares of Hanesbrands in a research report on Tuesday, September 19th. They set an “overweight” rating and a $31.00 price target on the stock. FBR & Co reiterated a “buy” rating and set a $33.00 price target on shares of Hanesbrands in a research report on Thursday, September 21st. Instinet lowered shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research report on Thursday, September 21st. Finally, Nomura lowered shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. Hanesbrands currently has an average rating of “Hold” and an average price target of $26.13.

Shares of Hanesbrands Inc. (NYSE:HBI) traded down $0.14 during trading hours on Thursday, hitting $20.54. 8,306,100 shares of the stock were exchanged, compared to its average volume of 5,280,435. The firm has a market capitalization of $7,539.60, a price-to-earnings ratio of 10.60, a PEG ratio of 1.18 and a beta of 0.70. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90. Hanesbrands Inc. has a 52 week low of $18.90 and a 52 week high of $25.73.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. Hanesbrands’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share. research analysts anticipate that Hanesbrands Inc. will post 1.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.92%. Hanesbrands’s dividend payout ratio (DPR) is presently 37.04%.

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About Hanesbrands

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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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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