Nomura Holdings Inc. increased its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 157.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,354 shares of the textile maker’s stock after purchasing an additional 21,003 shares during the period. Nomura Holdings Inc.’s holdings in Hanesbrands were worth $796,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Alps Advisors Inc. raised 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 worth $547,000 after purchasing an additional 61 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Hanesbrands by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 36,700 shares of the textile maker’s stock valued at $850,000 after acquiring an additional 106 shares during the last quarter. ARGI Investment Services LLC raised its holdings in Hanesbrands by 1.2% in the 2nd quarter. ARGI Investment Services LLC now owns 10,696 shares of the textile maker’s stock valued at $248,000 after acquiring an additional 127 shares during the last quarter. QS Investors LLC raised its holdings in Hanesbrands by 2.8% in 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 last quarter. Finally, FTB Advisors Inc. raised its holdings in Hanesbrands by 1.5% in the 2nd quarter. FTB Advisors Inc. now owns 11,393 shares of the textile maker’s stock valued at $263,000 after acquiring an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 95.05% of the company’s stock.
In related news, CFO Richard D. Moss sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $24.08, for a total value of $481,600.00. Following the completion of the transaction, the chief financial officer now owns 254,487 shares in the company, valued at approximately $6,128,046.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John T. Marsh sold 10,325 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 99,997 shares of the company’s stock, valued at approximately $2,426,927.19. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
Several brokerages have weighed in on HBI. BidaskClub upgraded Hanesbrands from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Cowen and Company set a $22.00 price objective on shares of Hanesbrands and gave the company a “hold” rating in a research note on Thursday, August 24th. Barclays PLC started coverage on shares of Hanesbrands in a research note on Tuesday, September 19th. They set an “overweight” rating and a $31.00 price objective for the company. Finally, FBR & Co reissued a “buy” rating and set a $33.00 price objective on shares of Hanesbrands in a research note on Thursday, September 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $26.80.
Hanesbrands Inc. (HBI) traded down 1.31% during midday trading on Friday, reaching $22.52. 7,203,551 shares of the company traded hands. The firm’s 50 day moving average price is $24.24 and its 200 day moving average price is $22.96. Hanesbrands Inc. has a 12 month low of $18.91 and a 12 month high of $27.07. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 14.76 and a beta of 0.72.
Hanesbrands (NYSE:HBI) last posted its earnings results on Tuesday, August 1st. The textile maker reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, analysts expect that Hanesbrands Inc. will post $1.98 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be issued a $0.15 dividend. The ex-dividend date is Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.66%. Hanesbrands’s dividend payout ratio (DPR) is presently 39.47%.
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Hanesbrands Company Profile
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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