Northern Capital Management LLC acquired a new stake in shares of Hanesbrands Inc. (NYSE:HBI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 154,860 shares of the textile maker’s stock, valued at approximately $3,816,000. Hanesbrands accounts for 1.2% of Northern Capital Management LLC’s portfolio, making the stock its 24th biggest holding.
A number of other institutional investors and hedge funds have also bought and sold shares of HBI. BlackRock Inc. lifted its holdings in shares of Hanesbrands by 0.8% in the 2nd quarter. BlackRock Inc. now owns 23,050,392 shares of the textile maker’s stock worth $533,848,000 after buying an additional 174,498 shares during the period. State Street Corp lifted its holdings in shares of Hanesbrands by 0.9% in the 2nd quarter. State Street Corp now owns 15,512,816 shares of the textile maker’s stock worth $359,281,000 after buying an additional 136,465 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of Hanesbrands by 2.6% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 10,113,900 shares of the textile maker’s stock worth $234,238,000 after buying an additional 260,820 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Hanesbrands by 43.5% in the 2nd quarter. Bessemer Group Inc. now owns 5,808,161 shares of the textile maker’s stock worth $134,518,000 after buying an additional 1,760,614 shares during the period. Finally, TimesSquare Capital Management LLC lifted its holdings in shares of Hanesbrands by 1.2% in the 2nd quarter. TimesSquare Capital Management LLC now owns 3,129,600 shares of the textile maker’s stock worth $72,482,000 after buying an additional 37,350 shares during the period. Institutional investors own 94.80% of the company’s stock.
Shares of Hanesbrands Inc. (HBI) traded down 1.46% on Tuesday, hitting $22.33. The stock had a trading volume of 2,542,633 shares. Hanesbrands Inc. has a 12-month low of $18.91 and a 12-month high of $27.07. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 14.63 and a beta of 0.72. The stock has a 50 day moving average price of $24.03 and a 200-day moving average price of $23.01.
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, meeting the Thomson Reuters’ consensus estimate of $0.53. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. On average, equities analysts expect that Hanesbrands Inc. will post $1.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.65%. The ex-dividend date is Monday, November 13th. Hanesbrands’s payout ratio is 39.47%.
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In other news, insider John T. Marsh sold 10,325 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $24.27, for a total transaction of $250,587.75. Following the sale, the insider now owns 99,997 shares of the company’s stock, valued at approximately $2,426,927.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard D. Moss sold 20,000 shares of the business’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 value of $481,600.00. Following the sale, the chief financial officer now directly owns 254,487 shares in the company, valued at approximately $6,128,046.96. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
Several brokerages have weighed in on HBI. Buckingham Research reiterated a “buy” rating and issued a $30.00 target price on shares of Hanesbrands in a report on Monday, July 17th. Deutsche Bank AG began coverage on Hanesbrands in a report on Monday, October 23rd. They issued a “buy” rating and a $29.00 target price for the company. Zacks Investment Research cut Hanesbrands from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub upgraded Hanesbrands from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Vetr cut Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 target price for the company. in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. Hanesbrands presently has a consensus rating of “Hold” and an average target price 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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