Trust Investment Advisors Reduces Holdings in Hanesbrands Inc. (HBI)

Trust Investment Advisors decreased its holdings in Hanesbrands Inc. (NYSE:HBI) by 7.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,400 shares of the textile maker’s stock after selling 4,200 shares during the period. Hanesbrands comprises approximately 1.5% of Trust Investment Advisors’ portfolio, making the stock its 19th largest position. Trust Investment Advisors’ holdings in Hanesbrands were worth $1,340,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HBI. Thrivent Financial For Lutherans grew its stake in shares of Hanesbrands by 6.9% in the first quarter. Thrivent Financial For Lutherans now owns 13,990 shares of the textile maker’s stock worth $290,000 after acquiring an additional 900 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hanesbrands by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,147,948 shares of the textile maker’s stock worth $23,831,000 after acquiring an additional 23,114 shares in the last quarter. Atria Investments LLC acquired a new position in shares of Hanesbrands in the second quarter worth $236,000. Bank of Montreal Can grew its stake in shares of Hanesbrands by 37.2% in the second quarter. Bank of Montreal Can now owns 514,866 shares of the textile maker’s stock worth $11,923,000 after acquiring an additional 139,569 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its stake in shares of Hanesbrands by 9.2% in the second quarter. Gateway Investment Advisers LLC now owns 29,304 shares of the textile maker’s stock worth $679,000 after acquiring an additional 2,462 shares in the last quarter. Institutional investors and hedge funds own 95.44% of the company’s stock.

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A number of equities analysts recently commented on the stock. B. Riley reiterated a “buy” rating on shares of Hanesbrands in a research note on Thursday, November 2nd. Credit Suisse Group set a $28.00 target price on shares of Hanesbrands and gave the stock a “buy” rating in a research note on Thursday, July 27th. Barclays PLC lowered their target price on shares of Hanesbrands from $31.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. BidaskClub upgraded shares of Hanesbrands from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Morgan Stanley lowered their target price on shares of Hanesbrands from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.13.

Shares of Hanesbrands Inc. (NYSE:HBI) traded up $0.09 during trading hours on Tuesday, hitting $19.23. 4,679,100 shares of the stock were exchanged, compared to its average volume of 5,145,633. Hanesbrands Inc. has a 1-year low of $18.91 and a 1-year high of $26.05. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $7,032.83, a PE ratio of 9.89, a price-to-earnings-growth ratio of 1.10 and a beta of 0.73.

Hanesbrands (NYSE:HBI) last announced its earnings results on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the company earned $0.56 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. equities research analysts forecast that Hanesbrands Inc. will post 1.94 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be issued a $0.15 dividend. The ex-dividend date is Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.12%. Hanesbrands’s payout ratio is 37.04%.

In other news, insider John T. Marsh sold 10,325 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $24.27, for a total value of $250,587.75. Following the completion of the sale, the insider now directly owns 99,997 shares of the company’s stock, valued at $2,426,927.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Hanesbrands Profile

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)

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