WealthTrust Axiom LLC trimmed its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,935 shares of the textile maker’s stock after selling 2,909 shares during the period. Hanesbrands makes up about 1.3% of WealthTrust Axiom LLC’s portfolio, making the stock its 20th biggest position. WealthTrust Axiom LLC’s holdings in Hanesbrands were worth $3,546,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in HBI. QS Investors LLC lifted its stake in Hanesbrands by 2.8% during the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock valued at $118,000 after acquiring an additional 140 shares during the period. Washington Trust Bank lifted its stake in shares of Hanesbrands by 50.0% in the 2nd quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock valued at $139,000 after purchasing an additional 2,000 shares during the period. Archford Capital Strategies LLC lifted its stake in shares of Hanesbrands by 283.4% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock valued at $141,000 after purchasing an additional 1,247 shares during the period. Commonwealth Bank of Australia lifted its stake in shares of Hanesbrands by 19.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 6,598 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 1,062 shares during the period. Finally, IHT Wealth Management LLC lifted its stake in shares of Hanesbrands by 101.1% in the 2nd quarter. IHT Wealth Management LLC now owns 2,652 shares of the textile maker’s stock valued at $159,000 after purchasing an additional 1,333 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.
Several equities analysts recently issued reports on the stock. B. Riley reiterated a “buy” rating on shares of Hanesbrands in a research note on Thursday. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 target price on shares of Hanesbrands in a research note on Friday. Zacks Investment Research cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday. Barclays PLC decreased their target price on shares of Hanesbrands from $31.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Nomura decreased their target price on shares of Hanesbrands from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. Hanesbrands currently has a consensus rating of “Hold” and an average price target of $26.13.
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Hanesbrands Inc. (NYSE:HBI) traded up $0.05 during trading on Monday, hitting $19.42. 4,571,591 shares of the stock were exchanged, compared to its average volume of 6,077,668. Hanesbrands Inc. has a fifty-two week low of $18.91 and a fifty-two week high of $26.05. The stock has a market capitalization of $7,058.35, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 1.11 and a beta of 0.73. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.88 and a quick ratio of 0.85.
Hanesbrands (NYSE:HBI) last released its earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.60. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. equities analysts expect that Hanesbrands Inc. will post 1.94 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Monday, November 13th. Hanesbrands’s payout ratio is 37.04%.
In other news, insider John T. Marsh sold 10,325 shares of the company’s stock in a transaction 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 sale, the insider now owns 99,997 shares of the company’s stock, valued at $2,426,927.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by corporate 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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