Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Takes $976,000 Position in Hanesbrands Inc. (HBI)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of Hanesbrands Inc. (NYSE:HBI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 53,000 shares of the textile maker’s stock, valued at approximately $976,000.

Other institutional investors also recently made changes to their positions in the company. Westwood Holdings Group Inc. lifted its position in Hanesbrands by 30.1% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,075,204 shares of the textile maker’s stock valued at $43,392,000 after purchasing an additional 480,357 shares during the last quarter. Sasco Capital Inc. CT lifted its position in Hanesbrands by 74.8% during the fourth quarter. Sasco Capital Inc. CT now owns 4,290,375 shares of the textile maker’s stock valued at $89,712,000 after purchasing an additional 1,836,520 shares during the last quarter. Van Hulzen Asset Management LLC lifted its position in Hanesbrands by 55.3% during the fourth quarter. Van Hulzen Asset Management LLC now owns 143,860 shares of the textile maker’s stock valued at $3,008,000 after purchasing an additional 51,230 shares during the last quarter. Mackenzie Financial Corp lifted its position in Hanesbrands by 258.2% during the fourth quarter. Mackenzie Financial Corp now owns 73,722 shares of the textile maker’s stock valued at $1,542,000 after purchasing an additional 53,141 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Hanesbrands by 9.7% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 464,787 shares of the textile maker’s stock valued at $9,719,000 after purchasing an additional 41,026 shares during the last quarter. Institutional investors and hedge funds own 99.55% of the company’s stock.

Shares of NYSE HBI opened at $22.30 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 0.81 and a debt-to-equity ratio of 5.93. Hanesbrands Inc. has a 52 week low of $16.38 and a 52 week high of $25.73. The firm has a market capitalization of $7.97 billion, a P/E ratio of 11.58, a PEG ratio of 1.67 and a beta of 0.72.

Hanesbrands (NYSE:HBI) last issued its earnings results on Tuesday, May 1st. The textile maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. Hanesbrands had a net margin of 1.08% and a return on equity of 75.80%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. analysts anticipate that Hanesbrands Inc. will post 1.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 5th. Investors of record on Tuesday, May 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Monday, May 14th. Hanesbrands’s payout ratio is 31.09%.

In other news, CFO Barry Hytinen bought 21,890 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were bought at an average cost of $17.47 per share, with a total value of $382,418.30. Following the completion of the purchase, the chief financial officer now directly owns 93,867 shares in the company, valued at $1,639,856.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David V. Singer bought 31,230 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The stock was purchased at an average cost of $17.72 per share, for a total transaction of $553,395.60. Following the completion of the purchase, the director now owns 26,880 shares of the company’s stock, valued at $476,313.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 70,620 shares of company stock worth $1,244,864. 1.06% of the stock is owned by insiders.

Several equities research analysts have issued reports on HBI shares. B. Riley set a $30.00 target price on shares of Hanesbrands and gave the company a “buy” rating in a research report on Monday, May 14th. Zacks Investment Research upgraded shares of Hanesbrands from a “strong sell” rating to a “hold” rating and set a $20.00 target price for the company in a research report on Wednesday, April 11th. ValuEngine upgraded shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 21st. DA Davidson reiterated a “buy” rating and set a $29.00 target price on shares of Hanesbrands in a research report on Monday, May 7th. Finally, Bank of America started coverage on shares of Hanesbrands in a research report on Friday, April 6th. They set a “neutral” rating and a $21.00 target price for the company. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $23.97.

Hanesbrands Profile

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.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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