Flinton Capital Management LLC raised its holdings in Hanesbrands Inc. (NYSE:HBI) by 60.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,264 shares of the textile maker’s stock after purchasing an additional 12,516 shares during the quarter. Flinton Capital Management LLC’s holdings in Hanesbrands were worth $695,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Guardian Capital LP acquired a new stake in shares of Hanesbrands in the 3rd quarter valued at $9,494,000. Allianz Asset Management GmbH boosted its holdings in shares of Hanesbrands by 1,429.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 358,080 shares of the textile maker’s stock valued at $8,823,000 after purchasing an additional 334,661 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Hanesbrands by 15.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 980,400 shares of the textile maker’s stock valued at $24,157,000 after purchasing an additional 133,434 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Hanesbrands by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,383,535 shares of the textile maker’s stock valued at $34,089,000 after purchasing an additional 6,108 shares in the last quarter. Finally, Premier Asset Management LLC acquired a new stake in shares of Hanesbrands in the 3rd quarter valued at $812,000. 99.90% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the company. Barclays raised their target price on Hanesbrands from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. ValuEngine downgraded Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded Hanesbrands from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Citigroup reissued a “neutral” rating and set a $23.00 price objective on shares of Hanesbrands in a report on Tuesday, December 19th. Finally, Credit Suisse Group assumed coverage on Hanesbrands in a report on Monday, March 12th. They set a “neutral” rating and a $21.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $25.12.
Hanesbrands Inc. (HBI) opened at $19.38 on Tuesday. The stock has a market capitalization of $7,096.79, a price-to-earnings ratio of 129.20, a P/E/G ratio of 1.24 and a beta of 0.77. The company has a current ratio of 1.90, a quick ratio of 0.85 and a debt-to-equity ratio of 5.40. Hanesbrands Inc. has a 12-month low of $18.57 and a 12-month high of $25.73.
Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, February 8th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. Hanesbrands had a return on equity of 72.30% and a net margin of 0.96%. Hanesbrands’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.53 EPS. equities research analysts anticipate that Hanesbrands Inc. will post 1.76 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Friday, February 16th. Hanesbrands’s dividend payout ratio is currently 400.00%.
In related news, insider W Howard Upchurch, Jr. sold 51,743 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $20.70, for a total transaction of $1,071,080.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is owned by company insiders.
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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