Tiaa Fsb decreased its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 48.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,407 shares of the textile maker’s stock after selling 9,806 shares during the quarter. Tiaa Fsb’s holdings in Hanesbrands were worth $256,000 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. QS Investors LLC boosted its holdings in Hanesbrands by 2.8% during the second quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after purchasing an additional 140 shares during the last quarter. Washington Trust Bank boosted its holdings in Hanesbrands by 50.0% during the second quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock worth $139,000 after purchasing an additional 2,000 shares during the last quarter. Archford Capital Strategies LLC boosted its holdings in Hanesbrands by 283.4% during the second quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock worth $141,000 after purchasing an additional 1,247 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in Hanesbrands by 19.2% during the second quarter. Commonwealth Bank of Australia now owns 6,598 shares of the textile maker’s stock worth $152,000 after purchasing an additional 1,062 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in Hanesbrands by 101.1% during the second quarter. IHT Wealth Management LLC now owns 2,652 shares of the textile maker’s stock worth $159,000 after purchasing an additional 1,333 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.
Hanesbrands Inc. (HBI) opened at 22.52 on Monday. Hanesbrands Inc. has a 12 month low of $18.91 and a 12 month high of $27.07. The stock has a 50 day moving average of $24.10 and a 200 day moving average of $22.97. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 14.76 and a beta of 0.72.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.53. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. Equities analysts anticipate that Hanesbrands Inc. will post $1.98 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Monday, November 13th. Hanesbrands’s dividend payout ratio (DPR) is currently 39.47%.
In related news, CFO Richard D. Moss sold 20,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $24.08, for a total value of $481,600.00. Following the transaction, the chief financial officer now directly owns 254,487 shares of the company’s stock, valued at approximately $6,128,046.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John T. Marsh sold 10,325 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was 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 in the company, valued at $2,426,927.19. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.
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A number of analysts have commented on the stock. BidaskClub upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Cowen and Company set a $22.00 price target on shares of Hanesbrands and gave the company a “hold” rating in a research note on Thursday, August 24th. Barclays PLC assumed coverage on shares of Hanesbrands in a research note on Tuesday, September 19th. They issued an “overweight” rating and a $31.00 price target for the company. Finally, FBR & Co reiterated a “buy” rating and issued a $33.00 price target on shares of Hanesbrands in a research note on Thursday, September 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $26.80.
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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