Mutual of America Capital Management LLC lessened its holdings in Hanesbrands Inc. (NYSE:HBI) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,335 shares of the textile maker’s stock after selling 3,366 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hanesbrands were worth $1,018,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of HBI. Sasco Capital Inc. CT acquired a new position in Hanesbrands in the 2nd quarter worth approximately $57,945,000. Morningstar Investment Services LLC increased its holdings in Hanesbrands by 360.9% in the 2nd quarter. Morningstar Investment Services LLC now owns 3,034,052 shares of the textile maker’s stock worth $70,269,000 after buying an additional 2,375,811 shares during the period. Bessemer Group Inc. grew its stake in shares of Hanesbrands by 43.5% during the 2nd quarter. Bessemer Group Inc. now owns 5,808,161 shares of the textile maker’s stock worth $134,518,000 after purchasing an additional 1,760,614 shares during the period. USS Investment Management Ltd acquired a new stake in shares of Hanesbrands during the 2nd quarter worth approximately $20,937,000. Finally, WBI Investments Inc. acquired a new stake in shares of Hanesbrands during the 2nd quarter worth approximately $15,165,000. Institutional investors own 94.80% of the company’s stock.
A number of brokerages have recently commented on HBI. ValuEngine cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Barclays PLC began coverage on shares of Hanesbrands in a research note on Tuesday, September 19th. They set an “overweight” rating and a $31.00 price objective on the stock. Nomura cut shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research note on Thursday, September 21st. Instinet cut shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research note on Thursday, September 21st. Finally, FBR & Co reaffirmed a “buy” rating and set a $33.00 price objective on shares of Hanesbrands in a research note on Thursday, September 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $26.13.
In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $24.27, for a total value of $250,587.75. Following the transaction, the insider now owns 99,997 shares in the company, valued at approximately $2,426,927.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.
Hanesbrands Inc. (NYSE:HBI) opened at $19.36 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.88 and a debt-to-equity ratio of 2.90. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 1.15 and a beta of 0.73.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.80 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS. analysts forecast that Hanesbrands Inc. will post 1.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be issued a $0.15 dividend. The ex-dividend date is Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a yield of 3.10%. Hanesbrands’s payout ratio is currently 37.04%.
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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.
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