Mn Services Vermogensbeheer B.V. boosted its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 508.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,485 shares of the textile maker’s stock after buying an additional 51,384 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Hanesbrands were worth $1,424,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in HBI. Russell Investments Group Ltd. bought a new stake in shares of Hanesbrands during the fourth quarter valued at approximately $1,771,000. Thrivent Financial for Lutherans increased its stake in shares of Hanesbrands by 5.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,090 shares of the textile maker’s stock valued at $282,000 after buying an additional 690 shares in the last quarter. Quadrature Capital Ltd increased its stake in shares of Hanesbrands by 941.7% in the fourth quarter. Quadrature Capital Ltd now owns 526,870 shares of the textile maker’s stock valued at $11,370,000 after buying an additional 476,291 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Hanesbrands by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 889,181 shares of the textile maker’s stock valued at $19,180,000 after buying an additional 28,296 shares in the last quarter. Finally, Kentucky Retirement Systems bought a new stake in shares of Hanesbrands during the fourth quarter valued at approximately $592,000. 93.68% of the stock is owned by institutional investors and hedge funds.
Shares of Hanesbrands Inc. (HBI) opened at 23.93 on Friday. The firm has a 50-day moving average price of $23.27 and a 200-day moving average price of $21.71. Hanesbrands Inc. has a 12-month low of $18.91 and a 12-month high of $28.24. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 15.68 and a beta of 0.73.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the business posted $0.51 EPS. Hanesbrands’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts anticipate that Hanesbrands Inc. will post $1.99 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 2.51%. Hanesbrands’s payout ratio is currently 39.47%.
HBI has been the subject of several research analyst reports. FBR & Co reissued a “buy” rating on shares of Hanesbrands in a research note on Saturday, April 15th. Zacks Investment Research raised Hanesbrands from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Vetr downgraded Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $23.91 price objective for the company. in a research note on Wednesday, April 19th. ValuEngine downgraded Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised Hanesbrands from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Hanesbrands currently has a consensus rating of “Buy” and a consensus price target of $27.57.
In related news, CEO Gerald Evans sold 43,379 shares of Hanesbrands stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $23.18, for a total value of $1,005,525.22. Following the completion of the transaction, the chief executive officer now directly owns 1,056,314 shares in the company, valued at approximately $24,485,358.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John T. Marsh sold 11,100 shares of Hanesbrands stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $22.57, for a total transaction of $250,527.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 130,329 shares of company stock valued at $3,016,617. 1.10% of the stock is currently owned by company insiders.
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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