Shell Asset Management Co. Has $523,000 Stake in Hanesbrands Inc. (HBI)

Shell Asset Management Co. lifted its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 28.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,364 shares of the textile maker’s stock after purchasing an additional 6,312 shares during the quarter. Shell Asset Management Co.’s holdings in Hanesbrands were worth $523,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. raised its stake in shares of Hanesbrands by 0.4% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 701,437 shares of the textile maker’s stock worth $15,446,000 after purchasing an additional 2,887 shares during the last quarter. Global Trust Asset Management LLC grew its holdings in Hanesbrands by 40.0% during the third quarter. Global Trust Asset Management LLC now owns 10,427 shares of the textile maker’s stock worth $192,000 after acquiring an additional 2,977 shares during the period. Ridgewood Investments LLC grew its holdings in Hanesbrands by 27.1% during the second quarter. Ridgewood Investments LLC now owns 14,806 shares of the textile maker’s stock worth $326,000 after acquiring an additional 3,154 shares during the period. PNC Financial Services Group Inc. grew its holdings in Hanesbrands by 2.1% during the second quarter. PNC Financial Services Group Inc. now owns 159,749 shares of the textile maker’s stock worth $3,517,000 after acquiring an additional 3,338 shares during the period. Finally, Arnhold LLC grew its holdings in Hanesbrands by 1.1% during the third quarter. Arnhold LLC now owns 339,829 shares of the textile maker’s stock worth $6,263,000 after acquiring an additional 3,829 shares during the period.

Hanesbrands stock opened at $15.16 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.79 and a debt-to-equity ratio of 4.44. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 0.91 and a beta of 0.36. Hanesbrands Inc. has a fifty-two week low of $14.39 and a fifty-two week high of $23.33.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, November 1st. The textile maker reported $0.55 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.87 billion. Hanesbrands had a return on equity of 85.49% and a net margin of 0.10%. Hanesbrands’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. Equities analysts predict that Hanesbrands Inc. will post 1.73 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Friday, November 9th. Hanesbrands’s dividend payout ratio (DPR) is 31.09%.

In related news, CFO Barry Hytinen acquired 10,100 shares of Hanesbrands stock in a transaction dated Tuesday, November 20th. The shares were acquired at an average cost of $14.59 per share, for a total transaction of $147,359.00. Following the completion of the transaction, the chief financial officer now directly owns 91,238 shares of the company’s stock, valued at $1,331,162.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gerald Evans acquired 6,500 shares of Hanesbrands stock in a transaction dated Monday, November 19th. The stock was bought at an average price of $14.98 per share, for a total transaction of $97,370.00. Following the completion of the transaction, the chief executive officer now directly owns 1,392,949 shares of the company’s stock, valued at $20,866,376.02. The disclosure for this purchase can be found here. Insiders acquired 61,600 shares of company stock worth $940,079 in the last three months. 1.06% of the stock is owned by corporate insiders.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Hanesbrands from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Nomura dropped their price objective on Hanesbrands from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, November 2nd. Buckingham Research dropped their price objective on Hanesbrands from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, August 16th. Standpoint Research assumed coverage on Hanesbrands in a report on Tuesday, October 23rd. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Bank of America dropped their price objective on Hanesbrands from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $21.60.

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Hanesbrands Company Profile

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.

Further Reading: How are the companies in the S&P 500 selected?

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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