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%.
ILLEGAL ACTIVITY WARNING: “Sigma Planning Corp Has $423,000 Holdings in Hanesbrands Inc. (HBI)” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/16/sigma-planning-corp-has-423000-holdings-in-hanesbrands-inc-hbi.html.
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.
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.