SG Americas Securities LLC reduced its stake in Hanesbrands Inc. (NYSE:HBI) by 41.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,118 shares of the textile maker’s stock after selling 25,335 shares during the quarter. SG Americas Securities LLC’s holdings in Hanesbrands were worth $755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in HBI. Engine Capital Management LLC purchased a new stake in Hanesbrands in the third quarter valued at approximately $106,000. QS Investors LLC raised its stake in shares of Hanesbrands by 2.8% during the second quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after acquiring an additional 140 shares in the last quarter. Tiedemann Wealth Management LLC raised its stake in shares of Hanesbrands by 12.4% during the third quarter. Tiedemann Wealth Management LLC now owns 34,254 shares of the textile maker’s stock worth $129,000 after acquiring an additional 3,787 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of Hanesbrands during the third quarter worth approximately $138,000. Finally, Invictus RG raised its stake in shares of Hanesbrands by 2,075.8% during the third quarter. Invictus RG now owns 6,484 shares of the textile maker’s stock worth $160,000 after acquiring an additional 6,186 shares in the last quarter. 96.65% of the stock is currently owned by institutional investors and hedge funds.
Hanesbrands Inc. (NYSE HBI) opened at $20.49 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.90 and a debt-to-equity ratio of 5.40. Hanesbrands Inc. has a fifty-two week low of $18.57 and a fifty-two week high of $25.73. The stock has a market cap of $7,381.38, a P/E ratio of 10.56, a PEG ratio of 1.29 and a beta of 0.68.
Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, February 8th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Hanesbrands had a net margin of 0.96% and a return on equity of 72.30%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the business earned $0.53 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. research analysts forecast that Hanesbrands Inc. will post 1.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, February 16th. Hanesbrands’s dividend payout ratio is 400.00%.
In other news, insider W Howard Upchurch, Jr. sold 51,743 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $20.70, for a total value of $1,071,080.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.
HBI has been the topic of several research reports. B. Riley reissued a “buy” rating on shares of Hanesbrands in a research note on Thursday, November 2nd. ValuEngine downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Barclays decreased their price target on shares of Hanesbrands from $31.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. Morgan Stanley decreased their price target on shares of Hanesbrands from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 2nd. Finally, Wells Fargo & Co downgraded shares of Hanesbrands from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $25.60.
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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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