Hanson & Doremus Investment Management lifted its holdings in shares of Hanesbrands (NYSE:HBI) by 31.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,958 shares of the textile maker’s stock after acquiring an additional 21,491 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Hanesbrands were worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the stock. Optimum Investment Advisors purchased a new stake in Hanesbrands during the 1st quarter worth $103,000. Global Trust Asset Management LLC purchased a new stake in Hanesbrands during the 4th quarter worth $134,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in Hanesbrands during the 4th quarter worth $134,000. Stratos Wealth Partners LTD. increased its stake in Hanesbrands by 183.5% during the 1st quarter. Stratos Wealth Partners LTD. now owns 7,358 shares of the textile maker’s stock worth $136,000 after buying an additional 4,763 shares during the period. Finally, PenderFund Capital Management Ltd. purchased a new stake in Hanesbrands during the 1st quarter worth $140,000. Institutional investors and hedge funds own 98.70% of the company’s stock.
In related news, CFO Barry Hytinen bought 21,890 shares of the company’s stock in a transaction dated Thursday, May 17th. The stock was bought at an average price of $17.47 per share, with a total value of $382,418.30. Following the transaction, the chief financial officer now owns 93,867 shares of the company’s stock, valued at $1,639,856.49. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gerald Evans bought 17,500 shares of the company’s stock in a transaction dated Wednesday, May 16th. The stock was bought at an average cost of $17.66 per share, with a total value of $309,050.00. Following the transaction, the chief executive officer now directly owns 1,198,206 shares in the company, valued at approximately $21,160,317.96. The disclosure for this purchase can be found here. Insiders bought a total of 70,620 shares of company stock valued at $1,244,864 in the last three months. Insiders own 1.06% of the company’s stock.
HBI opened at $18.12 on Thursday. The stock has a market capitalization of $6.57 billion, a PE ratio of 9.39, a P/E/G ratio of 1.38 and a beta of 0.72. Hanesbrands has a 1-year low of $16.38 and a 1-year high of $25.73. The company has a quick ratio of 0.81, a current ratio of 2.03 and a debt-to-equity ratio of 5.93.
Hanesbrands (NYSE:HBI) last released its earnings results on Tuesday, May 1st. The textile maker reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. Hanesbrands had a net margin of 1.08% and a return on equity of 75.80%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 EPS. equities analysts expect that Hanesbrands will post 1.76 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 5th. Stockholders of record on Tuesday, May 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Monday, May 14th. Hanesbrands’s payout ratio is currently 31.09%.
Several equities research analysts recently issued reports on the stock. DA Davidson set a $27.00 price target on shares of Hanesbrands and gave the stock a “buy” rating in a research note on Friday, April 13th. B. Riley dropped their price target on shares of Hanesbrands from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Barclays dropped their price target on shares of Hanesbrands from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, May 2nd. Wells Fargo & Co set a $20.00 price target on shares of Hanesbrands and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, Zacks Investment Research downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Wednesday, April 18th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $24.22.
Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.
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