Advisors Management Group Inc. ADV bought a new stake in Hanesbrands Inc. (NYSE:HBI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,825 shares of the textile maker’s stock, valued at approximately $791,000.
A number of other institutional investors also recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. acquired a new position in Hanesbrands in the fourth quarter valued at $99,475,000. Bank of New York Mellon Corp increased its stake in Hanesbrands by 69.1% in the fourth quarter. Bank of New York Mellon Corp now owns 7,843,724 shares of the textile maker’s stock valued at $164,012,000 after purchasing an additional 3,205,719 shares in the last quarter. ArrowMark Colorado Holdings LLC bought a new stake in Hanesbrands in the fourth quarter valued at $65,468,000. Millennium Management LLC increased its stake in Hanesbrands by 29,067.1% in the fourth quarter. Millennium Management LLC now owns 2,845,250 shares of the textile maker’s stock valued at $59,494,000 after purchasing an additional 2,835,495 shares in the last quarter. Finally, Check Capital Management Inc. CA increased its stake in Hanesbrands by 100.0% in the third quarter. Check Capital Management Inc. CA now owns 4,413,635 shares of the textile maker’s stock valued at $108,752,000 after purchasing an additional 2,207,066 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.
HBI has been the subject of several research analyst reports. Deutsche Bank set a $27.00 price target on shares of Hanesbrands and gave the company a “buy” rating in a research note on Friday, February 9th. DA Davidson set a $27.00 target price on shares of Hanesbrands and gave the stock a “buy” rating in a research report on Friday, February 9th. B. Riley decreased their target price on shares of Hanesbrands from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. ValuEngine cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Wells Fargo set a $20.00 target price on shares of Hanesbrands and gave the company a “hold” rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $24.87.
In other news, insider W Howard Upchurch, Jr. sold 51,743 shares of the stock in a transaction 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 document filed with the SEC, which is available at this hyperlink. 1.06% of the stock is owned by corporate insiders.
Hanesbrands stock traded down $0.34 during midday trading on Friday, reaching $18.88. 5,238,903 shares of the stock were exchanged, compared to its average volume of 4,652,919. The company has a current ratio of 1.90, a quick ratio of 0.85 and a debt-to-equity ratio of 5.40. The firm has a market capitalization of $6,923.87, a PE ratio of 9.78, a price-to-earnings-growth ratio of 1.21 and a beta of 0.73. Hanesbrands Inc. has a 52 week low of $17.94 and a 52 week high of $25.73.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.52. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. Hanesbrands had a net margin of 0.96% and a return on equity of 72.30%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS. research analysts forecast that Hanesbrands Inc. will post 1.76 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Friday, February 16th. Hanesbrands’s payout ratio is 31.09%.
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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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