Xact Kapitalforvaltning AB lessened its position in Hanesbrands Inc. (NYSE:HBI) by 29.1% during the fourth quarter, Holdings Channel reports. The fund owned 63,648 shares of the textile maker’s stock after selling 26,175 shares during the period. Xact Kapitalforvaltning AB’s holdings in Hanesbrands were worth $798,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HBI. Epoch Investment Partners Inc. increased its stake in Hanesbrands by 121.6% in the third quarter. Epoch Investment Partners Inc. now owns 9,707,111 shares of the textile maker’s stock valued at $178,902,000 after acquiring an additional 5,325,828 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Hanesbrands by 449.4% during the third quarter. Teachers Advisors LLC now owns 3,268,691 shares of the textile maker’s stock valued at $60,242,000 after buying an additional 2,673,729 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Hanesbrands by 204.0% during the third quarter. TIAA CREF Investment Management LLC now owns 2,998,646 shares of the textile maker’s stock valued at $55,265,000 after buying an additional 2,012,254 shares during the last quarter. New South Capital Management Inc. grew its stake in shares of Hanesbrands by 40.2% during the third quarter. New South Capital Management Inc. now owns 6,633,314 shares of the textile maker’s stock valued at $122,252,000 after buying an additional 1,903,491 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in shares of Hanesbrands by 15.7% during the third quarter. Diamond Hill Capital Management Inc. now owns 10,720,877 shares of the textile maker’s stock valued at $197,586,000 after buying an additional 1,451,243 shares during the last quarter.
Shares of NYSE HBI traded up $0.25 during trading hours on Monday, hitting $18.09. The company’s stock had a trading volume of 164,624 shares, compared to its average volume of 7,225,805. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.73 and a quick ratio of 0.72. The stock has a market capitalization of $6.44 billion, a PE ratio of 10.53, a PEG ratio of 1.01 and a beta of 0.86. Hanesbrands Inc. has a 12 month low of $11.57 and a 12 month high of $22.57.
Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, February 7th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Hanesbrands had a return on equity of 76.43% and a net margin of 8.13%. Hanesbrands’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. As a group, equities research analysts anticipate that Hanesbrands Inc. will post 1.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Tuesday, February 19th will be paid a $0.15 dividend. The ex-dividend date is Friday, February 15th. This represents a $0.60 annualized dividend and a dividend yield of 3.32%. Hanesbrands’s payout ratio is presently 35.09%.
In related news, CFO Barry Hytinen acquired 10,100 shares of the stock in a transaction on Tuesday, November 20th. The stock was acquired at an average cost of $14.59 per share, for a total transaction of $147,359.00. Following the completion of the acquisition, the chief financial officer now directly owns 91,238 shares of the company’s stock, valued at approximately $1,331,162.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jessica Tuchman Mathews sold 15,000 shares of the firm’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $13.57, for a total transaction of $203,550.00. Following the completion of the sale, the director now owns 139,693 shares of the company’s stock, valued at $1,895,634.01. The disclosure for this sale can be found here. Insiders purchased 36,600 shares of company stock worth $541,329 over the last three months. 1.06% of the stock is owned by insiders.
A number of research analysts have recently issued reports on the company. Barclays set a $19.00 price objective on Hanesbrands and gave the company a “hold” rating in a research note on Saturday. Nomura reduced their price objective on Hanesbrands from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, November 2nd. Zacks Investment Research raised Hanesbrands from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Buckingham Research reduced their price objective on Hanesbrands from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, October 17th. Finally, ValuEngine raised Hanesbrands from a “strong sell” rating to a “sell” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $20.53.
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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 in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.
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