Garrison Financial Corp boosted its position in shares of Hanesbrands Inc. (NYSE:HBI) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,889 shares of the textile maker’s stock after buying an additional 214 shares during the period. Garrison Financial Corp’s holdings in Hanesbrands were worth $1,549,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC raised its position in shares of 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. increased its stake in shares of Hanesbrands by 24.4% in the first quarter. Carroll Financial Associates Inc. now owns 5,997 shares of the textile maker’s stock worth $124,000 after buying an additional 1,177 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Hanesbrands by 7.4% in the first quarter. Van ECK Associates Corp now owns 5,995 shares of the textile maker’s stock worth $124,000 after buying an additional 415 shares during the last quarter. Washington Trust Bank increased its stake in shares of Hanesbrands by 50.0% in the second quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock worth $139,000 after buying an additional 2,000 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in shares of Hanesbrands by 11.6% in the first quarter. SRS Capital Advisors Inc. now owns 6,812 shares of the textile maker’s stock worth $141,000 after buying an additional 708 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.
Hanesbrands Inc. (NYSE:HBI) opened at 23.93 on Friday. The stock’s 50 day moving average is $23.27 and its 200 day moving average is $21.71. Hanesbrands Inc. has a 52 week low of $18.91 and a 52 week high of $28.24. The company has a market capitalization of $8.72 billion, a P/E ratio of 15.68 and a beta of 0.73.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. Hanesbrands had a net margin of 10.46% and a return on equity of 67.82%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the business posted $0.51 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities research analysts expect that Hanesbrands Inc. will post $1.99 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Tuesday, August 15th will be issued a $0.15 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 2.51%. Hanesbrands’s dividend payout ratio is currently 39.47%.
A number of analysts have weighed in on HBI shares. ValuEngine upgraded Hanesbrands from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. BidaskClub upgraded Hanesbrands from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. FBR & Co reiterated a “buy” rating on shares of Hanesbrands in a research note on Saturday, April 15th. Vetr downgraded 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, Credit Suisse Group set a $28.00 price target on Hanesbrands and gave the company a “buy” rating in a research note on Thursday, July 27th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $27.57.
In related news, insider W Howard Upchurch, Jr. sold 55,850 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $22.90, for a total transaction of $1,278,965.00. Following the completion of the transaction, the insider now owns 579,663 shares in the company, valued at approximately $13,274,282.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John T. Marsh sold 11,100 shares of the business’s stock in a transaction that occurred on 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. In the last 90 days, insiders sold 130,329 shares of company stock valued at $3,016,617. Company insiders own 1.10% of the company’s stock.
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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