Hilltop Holdings Inc. lowered its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 12.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,848 shares of the textile maker’s stock after selling 2,175 shares during the quarter. Hilltop Holdings Inc.’s holdings in Hanesbrands were worth $220,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of Hanesbrands by 3.4% during the fourth quarter. State Street Corp now owns 21,398,663 shares of the textile maker’s stock valued at $317,770,000 after acquiring an additional 697,808 shares during the period. Parnassus Investments CA lifted its position in Hanesbrands by 22.3% in the 4th quarter. Parnassus Investments CA now owns 16,488,575 shares of the textile maker’s stock valued at $244,855,000 after purchasing an additional 3,009,299 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its position in Hanesbrands by 3.5% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 15,624,401 shares of the textile maker’s stock valued at $232,022,000 after purchasing an additional 535,399 shares during the last quarter. Lyrical Asset Management LP boosted its stake in Hanesbrands by 3.8% during the 4th quarter. Lyrical Asset Management LP now owns 14,473,401 shares of the textile maker’s stock valued at $214,930,000 after purchasing an additional 534,357 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Hanesbrands by 32.7% during the 4th quarter. Bank of New York Mellon Corp now owns 5,859,768 shares of the textile maker’s stock valued at $87,018,000 after purchasing an additional 1,443,338 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.
Several equities research analysts have commented on HBI shares. B. Riley dropped their price target on shares of Hanesbrands from $26.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Bank of America cut Hanesbrands from a “neutral” rating to an “underperform” rating and cut their price target for the company from $16.00 to $13.00 in a report on Friday, December 13th. Stifel Nicolaus reiterated a “buy” rating and set a $20.00 price objective on shares of Hanesbrands in a research report on Monday, February 10th. Wells Fargo & Co decreased their price objective on Hanesbrands from $12.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, March 16th. Finally, ValuEngine cut Hanesbrands from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $15.63.
Shares of HBI opened at $8.92 on Thursday. The firm has a 50-day moving average price of $12.28 and a 200 day moving average price of $14.25. The firm has a market capitalization of $3.22 billion, a PE ratio of 5.37, a P/E/G ratio of 1.56 and a beta of 0.99. The company has a quick ratio of 0.74, a current ratio of 1.82 and a debt-to-equity ratio of 2.92. Hanesbrands Inc. has a 52-week low of $7.89 and a 52-week high of $19.10.
Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Friday, February 7th. The textile maker reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Hanesbrands had a net margin of 8.70% and a return on equity of 55.80%. Hanesbrands’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. On average, equities analysts expect that Hanesbrands Inc. will post 1.75 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 18th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.73%. Hanesbrands’s dividend payout ratio is presently 34.09%.
Hanesbrands Company Profile
Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.
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