Pinkerton Retirement Specialists LLC grew its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,624 shares of the textile maker’s stock after purchasing an additional 2,008 shares during the quarter. Pinkerton Retirement Specialists LLC’s holdings in Hanesbrands were worth $2,060,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. PenderFund Capital Management Ltd. boosted its position in shares of Hanesbrands by 4,028.8% during the 2nd quarter. PenderFund Capital Management Ltd. now owns 15,000,000 shares of the textile maker’s stock valued at $174,000 after acquiring an additional 14,636,700 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Hanesbrands by 24.7% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 13,956,552 shares of the textile maker’s stock valued at $240,332,000 after acquiring an additional 2,762,854 shares during the last quarter. FIL Ltd boosted its position in shares of Hanesbrands by 6.4% during the 1st quarter. FIL Ltd now owns 12,449,331 shares of the textile maker’s stock valued at $222,594,000 after acquiring an additional 749,831 shares during the last quarter. Investec Asset Management LTD boosted its position in shares of Hanesbrands by 1.4% during the 2nd quarter. Investec Asset Management LTD now owns 6,017,602 shares of the textile maker’s stock valued at $103,623,000 after acquiring an additional 84,030 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Hanesbrands by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 4,784,175 shares of the textile maker’s stock valued at $59,844,000 after acquiring an additional 335,912 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors.
HBI traded down $0.39 on Friday, hitting $13.78. The company had a trading volume of 1,298,708 shares, compared to its average volume of 6,614,369. The firm has a market cap of $5.04 billion, a P/E ratio of 8.06, a PEG ratio of 1.80 and a beta of 1.10. Hanesbrands Inc. has a 1 year low of $11.57 and a 1 year high of $19.38. The company’s fifty day moving average price is $15.62 and its 200 day moving average price is $17.04. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 3.56.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, August 1st. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. Hanesbrands had a net margin of 8.13% and a return on equity of 63.57%. Hanesbrands’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. On average, analysts predict that Hanesbrands Inc. will post 1.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, August 12th. This represents a $0.60 dividend on an annualized basis and a yield of 4.36%. Hanesbrands’s dividend payout ratio (DPR) is presently 35.09%.
Several research analysts have recently weighed in on HBI shares. ValuEngine cut shares of Hanesbrands from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. Bank of America lowered their price target on shares of Hanesbrands from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Zacks Investment Research cut shares of Hanesbrands from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Finally, Citigroup lowered their price target on shares of Hanesbrands from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $17.44.
In other Hanesbrands news, CEO Gerald Evans purchased 10,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $14.74 per share, for a total transaction of $147,400.00. Following the completion of the purchase, the chief executive officer now directly owns 1,655,880 shares of the company’s stock, valued at $24,407,671.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joia M. Johnson purchased 7,100 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were acquired at an average price of $13.97 per share, for a total transaction of $99,187.00. Following the completion of the purchase, the insider now directly owns 115,830 shares of the company’s stock, valued at $1,618,145.10. The disclosure for this purchase can be found here. 1.04% of the stock is owned by corporate insiders.
Hanesbrands Company Profile
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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