Hanesbrands Inc. (NYSE:HBI) Shares Bought by North Star Asset Management Inc.

North Star Asset Management Inc. increased its stake in Hanesbrands Inc. (NYSE:HBI) by 50.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 376,695 shares of the textile maker’s stock after buying an additional 125,563 shares during the period. North Star Asset Management Inc. owned 0.10% of Hanesbrands worth $7,820,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its position in Hanesbrands by 25.0% in the first quarter. Lazard Asset Management LLC now owns 5,000 shares of the textile maker’s stock valued at $103,000 after buying an additional 1,000 shares in the last quarter. Carroll Financial Associates Inc. raised its position in Hanesbrands by 24.4% in the first quarter. Carroll Financial Associates Inc. now owns 5,997 shares of the textile maker’s stock valued at $124,000 after buying an additional 1,177 shares in the last quarter. Van ECK Associates Corp raised its position in Hanesbrands by 7.4% in the first quarter. Van ECK Associates Corp now owns 5,995 shares of the textile maker’s stock valued at $124,000 after buying an additional 415 shares in the last quarter. SRS Capital Advisors Inc. raised its position in Hanesbrands by 11.6% in the first quarter. SRS Capital Advisors Inc. now owns 6,812 shares of the textile maker’s stock valued at $141,000 after buying an additional 708 shares in the last quarter. Finally, Independent Advisor Alliance bought a new position in Hanesbrands during the fourth quarter valued at approximately $143,000. Institutional investors own 92.47% of the company’s stock.

Hanesbrands Inc. (HBI) opened at 22.92 on Tuesday. Hanesbrands Inc. has a 52-week low of $18.91 and a 52-week high of $28.24. The firm has a market capitalization of $8.35 billion, a P/E ratio of 16.55 and a beta of 0.74. The company’s 50-day moving average is $21.64 and its 200-day moving average is $21.44.

Hanesbrands (NYSE:HBI) last issued its earnings results on Tuesday, May 2nd. The textile maker reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Hanesbrands had a net margin of 8.56% and a return on equity of 65.05%. On average, analysts predict that Hanesbrands Inc. will post $1.97 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was first published by Stock Observer and is the property of of Stock Observer. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.thestockobserver.com/2017/07/18/north-star-asset-management-inc-buys-125563-shares-of-hanesbrands-inc-hbi-updated-updated.html.

Several research analysts recently commented on the company. Buckingham Research reiterated a “buy” rating and issued a $30.00 price target on shares of Hanesbrands in a research report on Monday. BidaskClub downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Zacks Investment Research downgraded shares of Hanesbrands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Vetr downgraded shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $23.91 price target for the company. in a research note on Wednesday, April 19th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Hanesbrands in a research note on Saturday, April 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $27.74.

In other news, CEO Gerald Evans sold 43,379 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $23.18, for a total transaction of $1,005,525.22. Following the completion of the transaction, the chief executive officer now owns 1,056,314 shares in the company, valued at $24,485,358.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John T. Marsh sold 11,100 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $22.57, for a total transaction of $250,527.00. The disclosure for this sale can be found here. Insiders have sold 152,438 shares of company stock valued at $3,450,467 in the last 90 days. Insiders own 1.10% of the company’s stock.

About Hanesbrands

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.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

Receive News & Ratings for Hanesbrands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply