Tdam USA Inc. boosted its holdings in Hanesbrands Inc. (NYSE:HBI) by 10.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,833 shares of the textile maker’s stock after purchasing an additional 6,183 shares during the quarter. Tdam USA Inc.’s holdings in Hanesbrands were worth $1,141,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in HBI. Capital Investment Advisory Services LLC purchased a new stake in Hanesbrands in the fourth quarter valued at approximately $36,000. CWM LLC lifted its stake in Hanesbrands by 6,184.4% in the first quarter. CWM LLC now owns 2,011 shares of the textile maker’s stock valued at $36,000 after buying an additional 1,979 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in Hanesbrands in the fourth quarter valued at approximately $39,000. Oregon Public Employees Retirement Fund lifted its stake in Hanesbrands by 1,137.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 489,071 shares of the textile maker’s stock valued at $39,000 after buying an additional 449,555 shares during the last quarter. Finally, First Personal Financial Services lifted its stake in Hanesbrands by 150.8% in the first quarter. First Personal Financial Services now owns 2,169 shares of the textile maker’s stock valued at $39,000 after buying an additional 1,304 shares during the last quarter. 95.59% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on HBI shares. Zacks Investment Research cut Hanesbrands from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. ValuEngine upgraded Hanesbrands from a “strong sell” rating to a “sell” rating in a research note on Friday, February 8th. Finally, Barclays set a $19.00 price target on Hanesbrands and gave the stock a “hold” rating in a research note on Saturday, February 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Hanesbrands has an average rating of “Hold” and an average target price of $18.83.
Shares of Hanesbrands stock traded up $0.15 during trading hours on Tuesday, hitting $16.72. 50,471 shares of the company were exchanged, compared to its average volume of 5,646,143. Hanesbrands Inc. has a 1 year low of $11.57 and a 1 year high of $22.57. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.66 and a quick ratio of 0.64. The stock has a market capitalization of $6.08 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 3.19 and a beta of 0.93.
Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, May 2nd. The textile maker reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Hanesbrands had a return on equity of 69.68% and a net margin of 7.99%. Hanesbrands’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 earnings per share. As a group, equities research analysts anticipate that Hanesbrands Inc. will post 1.76 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.59%. The ex-dividend date is Monday, May 13th. Hanesbrands’s payout ratio is 35.09%.
In other Hanesbrands news, CFO Barry Hytinen acquired 10,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was purchased at an average price of $17.56 per share, for a total transaction of $175,600.00. Following the completion of the transaction, the chief financial officer now owns 176,312 shares of the company’s stock, valued at approximately $3,096,038.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.04% of the company’s stock.
Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.
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