Aperio Group LLC trimmed its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 17.3% during the fourth quarter, HoldingsChannel reports. The firm owned 160,415 shares of the textile maker’s stock after selling 33,531 shares during the period. Aperio Group LLC’s holdings in Hanesbrands were worth $3,354,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sentry Investment Management LLC boosted its holdings in Hanesbrands by 0.4% during the second quarter. Sentry Investment Management LLC now owns 24,878 shares of the textile maker’s stock valued at $576,000 after purchasing an additional 109 shares in the last quarter. QS Investors LLC boosted its holdings in Hanesbrands by 2.8% during the second quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 140 shares in the last quarter. OLD Second National Bank of Aurora boosted its holdings in Hanesbrands by 3.3% during the third quarter. OLD Second National Bank of Aurora now owns 73,167 shares of the textile maker’s stock valued at $1,803,000 after purchasing an additional 2,337 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Hanesbrands by 9.6% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,642 shares of the textile maker’s stock valued at $730,000 after purchasing an additional 2,588 shares in the last quarter. Finally, Hosking Partners LLP boosted its holdings in Hanesbrands by 0.4% during the third quarter. Hosking Partners LLP now owns 632,819 shares of the textile maker’s stock valued at $15,593,000 after purchasing an additional 2,694 shares in the last quarter. 95.26% of the stock is currently owned by institutional investors.
In other Hanesbrands news, insider W Howard Upchurch, Jr. sold 51,743 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.
Hanesbrands Inc. (HBI) opened at $20.49 on Friday. The company has a market capitalization of $7,470.00, a P/E ratio of 14.53, a PEG ratio of 1.31 and a beta of 0.71. 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 Inc. has a 1-year low of $18.57 and a 1-year high of $25.73.
Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, February 8th. The textile maker reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. Hanesbrands had a return on equity of 72.30% and a net margin of 0.96%. Hanesbrands’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. research analysts anticipate that Hanesbrands Inc. will post 1.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Friday, February 16th. Hanesbrands’s dividend payout ratio is 42.55%.
A number of equities research analysts have weighed in on HBI shares. Deutsche Bank started coverage on Hanesbrands in a report on Monday, October 23rd. They set a “buy” rating and a $29.00 price objective on the stock. UBS Group downgraded Hanesbrands from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 24th. Oppenheimer reaffirmed a “market perform” rating and set a $26.00 price objective (down from $32.00) on shares of Hanesbrands in a report on Tuesday, October 24th. Wells Fargo & Co downgraded Hanesbrands from an “outperform” rating to a “market perform” rating and set a $23.00 price objective on the stock. in a report on Wednesday, October 25th. Finally, Morgan Stanley decreased their price objective on Hanesbrands from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. Hanesbrands has an average rating of “Hold” and an average target price of $25.60.
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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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