Train Babcock Advisors LLC raised its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 94.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,587 shares of the textile maker’s stock after buying an additional 64,085 shares during the period. Train Babcock Advisors LLC’s holdings in Hanesbrands were worth $2,732,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Webster Bank N. A. increased its position in shares of Hanesbrands by 511.8% in the first quarter. Webster Bank N. A. now owns 24,471 shares of the textile maker’s stock valued at $508,000 after buying an additional 20,471 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in shares of Hanesbrands by 135.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 33,038 shares of the textile maker’s stock valued at $686,000 after buying an additional 19,027 shares during the period. Thompson Investment Management Inc. increased its position in shares of Hanesbrands by 13.3% in the first quarter. Thompson Investment Management Inc. now owns 75,265 shares of the textile maker’s stock valued at $1,563,000 after buying an additional 8,830 shares during the period. Prescott Group Capital Management L.L.C. acquired a new position in shares of Hanesbrands during the first quarter valued at $519,000. Finally, Stoneridge Investment Partners LLC increased its position in shares of Hanesbrands by 24.0% in the first quarter. Stoneridge Investment Partners LLC now owns 218,444 shares of the textile maker’s stock valued at $4,535,000 after buying an additional 42,340 shares during the period. Institutional investors own 96.30% of the company’s stock.
Hanesbrands Inc. (NYSE:HBI) traded up 2.78% during mid-day trading on Friday, hitting $21.46. The stock had a trading volume of 4,849,493 shares. Hanesbrands Inc. has a one year low of $18.91 and a one year high of $28.25. The stock has a market cap of $8.13 billion, a PE ratio of 15.26 and a beta of 0.90. The firm’s 50-day moving average is $21.06 and its 200 day moving average is $22.13.
Hanesbrands (NYSE:HBI) last released its earnings results on Tuesday, May 2nd. The textile maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Hanesbrands had a net margin of 8.95% and a return on equity of 64.51%. The company earned $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. Equities research analysts expect that Hanesbrands Inc. will post $1.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Tuesday, May 16th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.80%. Hanesbrands’s dividend payout ratio is currently 42.55%.
Several brokerages have weighed in on HBI. Vetr downgraded Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $23.91 price target for the company. in a report on Wednesday, April 19th. Zacks Investment Research upgraded Hanesbrands from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. FBR & Co reiterated a “buy” rating on shares of Hanesbrands in a report on Saturday, April 15th. Oppenheimer Holdings Inc. set a $32.00 price target on Hanesbrands and gave the company a “buy” rating in a report on Wednesday, April 12th. Finally, DA Davidson set a $27.00 price target on Hanesbrands and gave the company a “buy” rating in a report on Saturday, April 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.58.
In other Hanesbrands news, Director Ronald L. Nelson purchased 5,000 shares of the business’s stock in a transaction dated Friday, March 10th. The shares were acquired at an average price of $19.92 per share, for a total transaction of $99,600.00. Following the acquisition, the director now owns 105,652 shares of the company’s stock, valued at $2,104,587.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gerald Evans sold 41,033 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $20.26, for a total transaction of $831,328.58. Following the transaction, the chief executive officer now owns 1,061,098 shares in the company, valued at approximately $21,497,845.48. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Hanesbrands Company 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.
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