Van Hulzen Asset Management LLC acquired a new position in Hanesbrands Inc. (NYSE:HBI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 92,630 shares of the textile maker’s stock, valued at approximately $2,282,000.
A number of other institutional investors also recently added to or reduced their stakes in HBI. Alps Advisors Inc. lifted its position in shares of Hanesbrands by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 23,635 shares of the textile maker’s stock valued at $547,000 after buying an additional 61 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Hanesbrands by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 36,700 shares of the textile maker’s stock valued at $850,000 after buying an additional 106 shares in the last quarter. Sentry Investment Management LLC lifted its position in shares of Hanesbrands by 0.4% during the 2nd quarter. Sentry Investment Management LLC now owns 24,878 shares of the textile maker’s stock valued at $576,000 after buying an additional 109 shares in the last quarter. ARGI Investment Services LLC lifted its position in shares of Hanesbrands by 1.2% during the 2nd quarter. ARGI Investment Services LLC now owns 10,696 shares of the textile maker’s stock valued at $248,000 after buying an additional 127 shares in the last quarter. Finally, QS Investors LLC lifted its position in shares of 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 buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.
A number of brokerages have recently issued reports on HBI. BidaskClub upgraded Hanesbrands from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered Hanesbrands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Vetr lowered Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 target price on the stock. in a research report on Monday, August 7th. Credit Suisse Group reiterated a “buy” rating and set a $30.00 target price on shares of Hanesbrands in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $23.00 target price on shares of Hanesbrands in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.13.
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Hanesbrands (NYSE:HBI) last issued its earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the company earned $0.56 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. equities analysts expect that Hanesbrands Inc. will post 1.94 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Monday, November 13th. Hanesbrands’s dividend payout ratio (DPR) is presently 37.04%.
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 completion of the sale, the insider now directly 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 can be accessed through this hyperlink. 1.10% of the stock is owned by company 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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