Westwood Holdings Group Inc. lowered its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,147,590 shares of the textile maker’s stock after selling 17,560 shares during the period. Westwood Holdings Group Inc. owned approximately 0.31% of Hanesbrands worth $26,610,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Hanesbrands by 6.2% during the first quarter. Vanguard Group Inc. now owns 36,962,193 shares of the textile maker’s stock worth $767,336,000 after buying an additional 2,158,679 shares during the last quarter. Park Avenue Institutional Advisers LLC bought a new position in Hanesbrands during the first quarter worth about $534,000. BB&T Corp boosted its holdings in Hanesbrands by 3.2% during the second quarter. BB&T Corp now owns 561,111 shares of the textile maker’s stock worth $12,995,000 after buying an additional 17,312 shares during the last quarter. Freestone Capital Holdings LLC boosted its holdings in Hanesbrands by 14.0% during the second quarter. Freestone Capital Holdings LLC now owns 180,729 shares of the textile maker’s stock worth $4,186,000 after buying an additional 22,190 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Hanesbrands by 21.2% during the first quarter. Morgan Stanley now owns 4,009,081 shares of the textile maker’s stock worth $83,228,000 after buying an additional 701,732 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.
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A number of equities analysts have issued reports on the company. BidaskClub cut Hanesbrands from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research cut Hanesbrands from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Cowen and Company set a $22.00 target price on Hanesbrands and gave the stock a “hold” rating in a report on Thursday, August 24th. Barclays PLC assumed coverage on Hanesbrands in a report on Tuesday, September 19th. They set an “overweight” rating and a $31.00 target price on the stock. Finally, FBR & Co restated a “buy” rating and set a $33.00 target price on shares of Hanesbrands in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Hanesbrands presently has a consensus rating of “Buy” and an average price target of $27.27.
Shares of Hanesbrands Inc. (NYSE HBI) traded up 0.72% during midday trading on Friday, reaching $23.85. The company had a trading volume of 723,669 shares. The stock has a market capitalization of $8.69 billion, a PE ratio of 15.63 and a beta of 0.72. Hanesbrands Inc. has a 12-month low of $18.91 and a 12-month high of $27.07. The stock’s 50 day moving average is $24.53 and its 200-day moving average is $22.78.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. On average, equities research analysts predict that Hanesbrands Inc. will post $1.99 earnings per share for the current fiscal year.
In other news, CFO Richard D. Moss sold 20,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $24.08, for a total value of $481,600.00. Following the completion of the sale, the chief financial officer now directly owns 254,487 shares of the company’s stock, valued at $6,128,046.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John T. Marsh sold 10,325 shares of the stock in a transaction that occurred 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 $2,426,927.19. The disclosure for this sale can be found here. 1.10% of the stock is currently 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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