Hanesbrands Inc. (HBI) Shares Sold by Patten Group Inc.

Patten Group Inc. reduced its position in Hanesbrands Inc. (NYSE:HBI) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,294 shares of the textile maker’s stock after selling 2,921 shares during the quarter. Patten Group Inc.’s holdings in Hanesbrands were worth $1,219,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HBI. Sentry Investment Management LLC increased its stake in shares of Hanesbrands by 0.4% in the 2nd quarter. Sentry Investment Management LLC now owns 24,878 shares of the textile maker’s stock worth $576,000 after acquiring an additional 109 shares during the last quarter. QS Investors LLC increased its stake in shares of Hanesbrands by 2.8% in the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after acquiring an additional 140 shares during the last quarter. Flinton Capital Management LLC increased its stake in shares of Hanesbrands by 1.1% in the 2nd quarter. Flinton Capital Management LLC now owns 22,596 shares of the textile maker’s stock worth $523,000 after acquiring an additional 252 shares during the last quarter. Archford Capital Strategies LLC increased its stake in shares of Hanesbrands by 283.4% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock worth $141,000 after acquiring an additional 1,247 shares during the last quarter. Finally, IHT Wealth Management LLC increased its stake in shares of Hanesbrands by 101.1% in the 2nd quarter. IHT Wealth Management LLC now owns 2,652 shares of the textile maker’s stock worth $159,000 after acquiring an additional 1,333 shares during the last quarter. 95.26% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on HBI shares. Deutsche Bank started coverage on Hanesbrands in a research note on Monday, October 23rd. They issued a “buy” rating and a $29.00 target price for the company. Zacks Investment Research downgraded Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. B. Riley reissued a “buy” rating on shares of Hanesbrands in a research report on Thursday, November 2nd. Stifel Nicolaus reissued a “hold” rating and set a $23.00 price objective on shares of Hanesbrands in a research report on Friday, November 3rd. Finally, ValuEngine downgraded Hanesbrands from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. Hanesbrands has an average rating of “Hold” and an average price target of $25.60.

Shares of Hanesbrands Inc. (HBI) traded up $0.24 during trading on Monday, reaching $19.50. The company had a trading volume of 2,825,683 shares, compared to its average volume of 7,399,690. Hanesbrands Inc. has a 12 month low of $18.57 and a 12 month high of $25.73. The stock has a market cap of $6,938.28, a PE ratio of 129.40, a price-to-earnings-growth ratio of 1.22 and a beta of 0.68. The company has a quick ratio of 0.85, a current ratio of 1.90 and a debt-to-equity ratio of 5.40.

Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, February 8th. The textile maker reported $0.52 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 company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the business posted $0.53 EPS. Hanesbrands’s revenue for the quarter was up 4.4% on a year-over-year basis. equities research analysts anticipate that Hanesbrands Inc. will post 1.75 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Friday, February 16th. Hanesbrands’s dividend payout ratio (DPR) is 400.00%.

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Hanesbrands 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.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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