Envestnet Asset Management Inc. boosted its position in shares of Hanesbrands Inc. (NYSE:HBI) by 90.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 360,807 shares of the textile maker’s stock after purchasing an additional 171,062 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.10% of Hanesbrands worth $8,888,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HBI. QS Investors LLC boosted its position 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 in the last quarter. Tiedemann Wealth Management LLC boosted its position in Hanesbrands by 12.4% during the third quarter. Tiedemann Wealth Management LLC now owns 34,254 shares of the textile maker’s stock worth $129,000 after purchasing an additional 3,787 shares in the last quarter. Archford Capital Strategies LLC lifted its position in shares of Hanesbrands by 283.4% in the second quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock valued at $141,000 after acquiring an additional 1,247 shares in the last quarter. Commonwealth Bank of Australia lifted its position in shares of Hanesbrands by 19.2% in the second quarter. Commonwealth Bank of Australia now owns 6,598 shares of the textile maker’s stock valued at $152,000 after acquiring an additional 1,062 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its position in shares of Hanesbrands by 101.1% in the second quarter. IHT Wealth Management LLC now owns 2,652 shares of the textile maker’s stock valued at $159,000 after acquiring an additional 1,333 shares in the last quarter. Institutional investors own 96.92% of the company’s stock.
Several brokerages have recently issued reports on HBI. Deutsche Bank began coverage on Hanesbrands in a research report on Monday, October 23rd. They issued a “buy” rating and a $29.00 price objective on the stock. Zacks Investment Research upgraded Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Monday, October 9th. Stifel Nicolaus restated a “hold” rating and issued a $23.00 price objective on shares of Hanesbrands in a research report on Tuesday, September 26th. Instinet downgraded Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research report on Thursday, September 21st. Finally, TheStreet downgraded Hanesbrands from a “b” rating to a “c+” rating in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. Hanesbrands presently has an average rating of “Hold” and an average target price of $26.13.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $1.80 billion during 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 was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 earnings per share. research analysts predict that Hanesbrands Inc. will post 1.94 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, November 13th. This represents a $0.60 annualized dividend and a yield of 2.92%. Hanesbrands’s dividend payout ratio is presently 37.04%.
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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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