Gotham Asset Management LLC acquired a new position in shares of Hanesbrands Inc. (NYSE:HBI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,011,902 shares of the textile maker’s stock, valued at approximately $21,159,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Guardian Capital LP bought a new stake in shares of Hanesbrands during the 3rd quarter worth $9,494,000. Allianz Asset Management GmbH lifted its stake in Hanesbrands by 1,429.0% in the third quarter. Allianz Asset Management GmbH now owns 358,080 shares of the textile maker’s stock worth $8,823,000 after purchasing an additional 334,661 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in Hanesbrands by 15.8% in the third quarter. Parametric Portfolio Associates LLC now owns 980,400 shares of the textile maker’s stock worth $24,157,000 after purchasing an additional 133,434 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Hanesbrands by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,383,535 shares of the textile maker’s stock worth $34,089,000 after purchasing an additional 6,108 shares during the last quarter. Finally, Premier Asset Management LLC bought a new stake in Hanesbrands in the third quarter worth $812,000. 99.90% of the stock is owned by institutional investors.
HBI has been the subject of several recent research reports. Credit Suisse Group initiated coverage on shares of Hanesbrands in a research note on Monday, March 12th. They issued a “neutral” rating and a $21.00 price target for the company. B. Riley lowered their price objective on shares of Hanesbrands from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Citigroup reaffirmed a “neutral” rating and set a $23.00 price objective on shares of Hanesbrands in a research note on Tuesday, December 19th. DA Davidson set a $27.00 price objective on shares of Hanesbrands and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Wells Fargo set a $20.00 price objective on shares of Hanesbrands and gave the company a “hold” rating in a research note on Friday, February 9th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $25.12.
Shares of Hanesbrands Inc. (HBI) opened at $19.38 on Tuesday. The firm has a market cap of $7,096.79, a PE ratio of 129.20, a price-to-earnings-growth ratio of 1.24 and a beta of 0.77. 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.
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, hitting the Zacks’ consensus estimate of $0.52. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Hanesbrands had a net margin of 0.96% and a return on equity of 72.30%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. equities analysts expect that Hanesbrands Inc. will post 1.76 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Friday, February 16th. Hanesbrands’s dividend payout ratio (DPR) is presently 400.00%.
In other Hanesbrands news, insider W Howard Upchurch, Jr. sold 51,743 shares of the company’s stock in a transaction dated 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 available at the SEC website. 1.06% of the stock is currently owned by corporate insiders.
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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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