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.
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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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