FDx Advisors Inc. trimmed its position in shares of Hanesbrands Inc. (NYSE:HBI) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,964 shares of the textile maker’s stock after selling 20,741 shares during the quarter. FDx Advisors Inc.’s holdings in Hanesbrands were worth $2,028,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of HBI. Dimensional Fund Advisors LP boosted its position in Hanesbrands by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,377,427 shares of the textile maker’s stock valued at $31,900,000 after acquiring an additional 229,479 shares in the last quarter. QS Investors LLC boosted its position in Hanesbrands by 2.8% during the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock valued at $118,000 after acquiring an additional 140 shares in the last quarter. APG Asset Management N.V. boosted its position in Hanesbrands by 8.5% during the 3rd quarter. APG Asset Management N.V. now owns 556,563 shares of the textile maker’s stock valued at $13,714,000 after acquiring an additional 43,500 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in Hanesbrands by 4.8% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 85,500 shares of the textile maker’s stock valued at $2,107,000 after acquiring an additional 3,908 shares in the last quarter. Finally, Community Financial Services Group LLC boosted its position in Hanesbrands by 2.9% during the 3rd quarter. Community Financial Services Group LLC now owns 263,713 shares of the textile maker’s stock valued at $6,498,000 after acquiring an additional 7,453 shares in the last quarter. 96.65% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider W Howard Upchurch, Jr. sold 51,743 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was 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 can be accessed through this link. Insiders own 1.10% of the company’s stock.
HBI has been the topic of several research reports. Nomura cut their price objective on Hanesbrands from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. B. Riley reaffirmed a “buy” rating on shares of Hanesbrands in a research report on Thursday, November 2nd. Citigroup reaffirmed a “neutral” rating and set a $23.00 price objective on shares of Hanesbrands in a research report on Tuesday, December 19th. DA Davidson set a $27.00 price objective on Hanesbrands and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, Wells Fargo & Co set a $20.00 price objective on Hanesbrands and gave the company a “hold” rating in a research report on Friday, February 9th. 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’s stock. Hanesbrands currently has an average rating of “Hold” and a consensus price target of $25.60.
Shares of Hanesbrands Inc. (NYSE:HBI) opened at $19.94 on Friday. The company has a debt-to-equity ratio of 5.40, a current ratio of 1.90 and a quick ratio of 0.85. Hanesbrands Inc. has a 12-month low of $18.57 and a 12-month high of $25.73. The company has a market capitalization of $7,251.69, a P/E ratio of 132.93, a PEG ratio of 1.27 and a beta of 0.68.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the firm posted $0.53 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. research analysts predict that Hanesbrands Inc. will post 1.76 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be given a $0.15 dividend. The ex-dividend date is Friday, February 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.01%. Hanesbrands’s dividend payout ratio is currently 400.00%.
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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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