Citizens Financial Group Inc RI cut its holdings in Hanesbrands Inc. (NYSE:HBI) by 15.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,960 shares of the textile maker’s stock after selling 2,508 shares during the period. Citizens Financial Group Inc RI’s holdings in Hanesbrands were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of HBI. OmniStar Financial Group Inc. bought a new position in shares of Hanesbrands in the 1st quarter worth about $29,000. CWM LLC raised its position in shares of Hanesbrands by 19,590.9% in the 4th quarter. CWM LLC now owns 2,166 shares of the textile maker’s stock worth $32,000 after acquiring an additional 2,155 shares in the last quarter. PSI Advisors LLC bought a new position in shares of Hanesbrands in the 4th quarter worth about $47,000. Point72 Hong Kong Ltd raised its position in shares of Hanesbrands by 306.6% in the 4th quarter. Point72 Hong Kong Ltd now owns 3,440 shares of the textile maker’s stock worth $51,000 after acquiring an additional 2,594 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC bought a new position in shares of Hanesbrands in the 4th quarter worth about $71,000. 96.00% of the stock is owned by hedge funds and other institutional investors.
Shares of HBI opened at $9.59 on Friday. The company has a debt-to-equity ratio of 5.26, a quick ratio of 1.11 and a current ratio of 2.21. The stock has a 50 day moving average price of $8.93 and a two-hundred day moving average price of $12.52. The firm has a market capitalization of $3.41 billion, a P/E ratio of 6.75, a P/E/G ratio of 4.95 and a beta of 1.52. Hanesbrands Inc. has a 52 week low of $6.96 and a 52 week high of $17.69.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Hanesbrands had a return on equity of 50.63% and a net margin of 7.75%. The business’s revenue for the quarter was down 17.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 earnings per share. On average, equities analysts forecast that Hanesbrands Inc. will post 0.6 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 19th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date of this dividend is Monday, May 18th. Hanesbrands’s dividend payout ratio is currently 34.09%.
Several research analysts have recently weighed in on HBI shares. ValuEngine raised Hanesbrands from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 14th. Wells Fargo & Co decreased their target price on Hanesbrands from $12.00 to $8.00 and set an “underweight” rating for the company in a research report on Monday, March 16th. Deutsche Bank decreased their target price on Hanesbrands from $15.00 to $9.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 target price on shares of Hanesbrands in a research report on Monday, February 10th. Finally, Raymond James started coverage on Hanesbrands in a research report on Tuesday, March 31st. They issued a “market perform” rating for the company. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Hanesbrands has a consensus rating of “Hold” and an average price target of $12.85.
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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