Hanesbrands Inc. (HBI) Shares Bought by Timucuan Asset Management Inc. FL

Timucuan Asset Management Inc. FL grew its position in Hanesbrands Inc. (NYSE:HBI) by 19.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,457,990 shares of the textile maker’s stock after buying an additional 400,382 shares during the period. Hanesbrands makes up about 5.4% of Timucuan Asset Management Inc. FL’s investment portfolio, making the stock its 10th largest holding. Timucuan Asset Management Inc. FL owned about 0.67% of Hanesbrands worth $56,927,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of HBI. BlackRock Inc. raised its holdings in Hanesbrands by 3,104.9% in the first quarter. BlackRock Inc. now owns 22,875,894 shares of the textile maker’s stock worth $474,903,000 after buying an additional 22,162,112 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Hanesbrands by 19.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 15,936,667 shares of the textile maker’s stock valued at $330,846,000 after purchasing an additional 2,544,916 shares during the last quarter. Sasco Capital Inc. CT purchased a new position in shares of Hanesbrands during the second quarter valued at approximately $57,945,000. Morningstar Investment Services LLC raised its holdings in shares of Hanesbrands by 360.9% during the second quarter. Morningstar Investment Services LLC now owns 3,034,052 shares of the textile maker’s stock valued at $70,269,000 after purchasing an additional 2,375,811 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Hanesbrands by 6.2% during the first quarter. Vanguard Group Inc. now owns 36,962,193 shares of the textile maker’s stock valued at $767,336,000 after purchasing an additional 2,158,679 shares during the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on HBI. BidaskClub cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Cowen and Company set a $22.00 price objective on shares of Hanesbrands and gave the company a “hold” rating in a report on Thursday, August 24th. Barclays PLC began coverage on shares of Hanesbrands in a report on Tuesday, September 19th. They set an “overweight” rating and a $31.00 price objective for the company. Finally, FBR & Co reissued a “buy” rating and set a $33.00 price objective on shares of Hanesbrands in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $27.27.

In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $24.27, for a total transaction of $250,587.75. Following the completion of the transaction, the insider now directly owns 99,997 shares of the company’s stock, valued at approximately $2,426,927.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard D. Moss sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $24.08, for a total transaction of $481,600.00. Following the transaction, the chief financial officer now directly owns 254,487 shares of the company’s stock, valued at $6,128,046.96. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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Shares of Hanesbrands Inc. (HBI) traded up 1.36% during mid-day trading on Tuesday, reaching $23.84. 1,211,831 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $24.50 and its 200-day moving average price is $22.74. Hanesbrands Inc. has a one year low of $18.91 and a one year high of $27.07. The company has a market capitalization of $8.69 billion, a PE ratio of 15.62 and a beta of 0.72.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 period last year, the firm posted $0.51 EPS. Hanesbrands’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities analysts expect that Hanesbrands Inc. will post $1.99 earnings per share for the current year.

Hanesbrands Company Profile

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.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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