91,385 Shares in Hanesbrands Inc. (HBI) Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP acquired a new stake in Hanesbrands Inc. (NYSE:HBI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 91,385 shares of the textile maker’s stock, valued at approximately $1,911,000.

Several other institutional investors also recently made changes to their positions in the stock. Highstreet Asset Management Inc. increased its holdings in Hanesbrands by 525.8% in the 4th quarter. Highstreet Asset Management Inc. now owns 45,881 shares of the textile maker’s stock worth $959,000 after buying an additional 38,550 shares during the period. Ifrah Financial Services Inc. grew its stake in shares of Hanesbrands by 88.8% during the 4th quarter. Ifrah Financial Services Inc. now owns 44,851 shares of the textile maker’s stock worth $938,000 after purchasing an additional 21,090 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Hanesbrands during the 4th quarter worth approximately $1,260,000. LSV Asset Management grew its stake in shares of Hanesbrands by 77.9% during the 4th quarter. LSV Asset Management now owns 527,231 shares of the textile maker’s stock worth $11,024,000 after purchasing an additional 230,900 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Hanesbrands by 49.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 54,932 shares of the textile maker’s stock worth $1,149,000 after purchasing an additional 18,242 shares during the period. 95.26% of the stock is owned by hedge funds and other institutional investors.

Hanesbrands Inc. (HBI) traded up $0.88 during mid-day trading on Wednesday, reaching $20.81. The company had a trading volume of 8,879,125 shares, compared to its average volume of 7,783,226. The stock has a market capitalization of $7,540.00, a PE ratio of 14.67, a price-to-earnings-growth ratio of 1.24 and a beta of 0.71. Hanesbrands Inc. has a 12-month low of $18.57 and a 12-month high of $25.73. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.85 and a current ratio of 1.90.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, February 8th. The textile maker reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Hanesbrands had a return on equity of 72.30% and a net margin of 0.96%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. research analysts predict that Hanesbrands Inc. will post 1.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Friday, February 16th. Hanesbrands’s dividend payout ratio is currently 42.55%.

A number of brokerages have recently issued reports on HBI. Barclays increased their target price on Hanesbrands from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. FBR & Co restated a “buy” rating on shares of Hanesbrands in a report on Wednesday, October 18th. Oppenheimer restated a “buy” rating on shares of Hanesbrands in a report on Wednesday, October 18th. Wells Fargo & Co lowered Hanesbrands from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a report on Wednesday, October 25th. Finally, UBS Group lowered Hanesbrands from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $25.60.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/14/engineers-gate-manager-lp-takes-1-91-million-position-in-hanesbrands-inc-hbi.html.

Hanesbrands 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.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply