Sigma Planning Corp Has $423,000 Holdings in Hanesbrands Inc. (HBI)

Sigma Planning Corp boosted its stake in Hanesbrands Inc. (NYSE:HBI) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,242 shares of the textile maker’s stock after purchasing an additional 2,476 shares during the quarter. Sigma Planning Corp’s holdings in Hanesbrands were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Bessemer Group Inc. boosted its stake in Hanesbrands by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 5,977,411 shares of the textile maker’s stock worth $147,284,000 after purchasing an additional 169,250 shares during the period. Bank of New York Mellon Corp boosted its stake in Hanesbrands by 33.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,638,005 shares of the textile maker’s stock worth $114,282,000 after purchasing an additional 1,159,722 shares during the period. Check Capital Management Inc. CA boosted its stake in Hanesbrands by 100.0% in the 3rd quarter. Check Capital Management Inc. CA now owns 4,413,635 shares of the textile maker’s stock worth $108,752,000 after purchasing an additional 2,207,066 shares during the period. Parnassus Investments CA boosted its stake in Hanesbrands by 22.9% in the 4th quarter. Parnassus Investments CA now owns 3,411,202 shares of the textile maker’s stock worth $71,328,000 after purchasing an additional 636,202 shares during the period. Finally, Platinum Investment Management Ltd. boosted its stake in Hanesbrands by 12.1% in the 3rd quarter. Platinum Investment Management Ltd. now owns 2,090,600 shares of the textile maker’s stock worth $51,512,000 after purchasing an additional 226,000 shares during the period. Institutional investors and hedge funds own 95.26% of the company’s stock.

HBI has been the topic of several recent analyst reports. Nomura lowered their price target on Hanesbrands from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. B. Riley reaffirmed a “buy” rating on shares of Hanesbrands in a report on Thursday, November 2nd. Oppenheimer reaffirmed a “market perform” rating and issued a $26.00 price target (down previously from $32.00) on shares of Hanesbrands in a report on Tuesday, October 24th. Wells Fargo & Co cut 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, Citigroup reaffirmed a “neutral” rating and issued a $23.00 price target on shares of Hanesbrands in a report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $25.60.

Hanesbrands Inc. (HBI) opened at $20.72 on Friday. The firm has a market capitalization of $7,615.54, a PE ratio of 10.90, a P/E/G ratio of 1.33 and a beta of 0.68. The company has a current ratio of 1.90, a quick ratio of 0.85 and a debt-to-equity ratio of 5.40. Hanesbrands Inc. has a 1-year low of $18.57 and a 1-year high of $25.73.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, February 8th. The textile maker reported $0.52 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.52. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Hanesbrands had a return on equity of 72.30% and a net margin of 0.96%. Hanesbrands’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. research analysts anticipate that Hanesbrands Inc. will post 1.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.90%. Hanesbrands’s dividend payout ratio is 400.00%.

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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)

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