Hanesbrands Inc. (HBI) Position Increased by Pacer Advisors Inc.
Pacer Advisors Inc. boosted its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 3.3% during the first quarter, Holdings Channel reports. The fund owned 7,716 shares of the textile maker’s stock after buying an additional 247 shares during the period. Pacer Advisors Inc.’s holdings in Hanesbrands were worth $160,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in Hanesbrands by 8.5% in the first quarter. Envestnet Asset Management Inc. now owns 199,187 shares of the textile maker’s stock valued at $4,134,000 after buying an additional 15,639 shares during the last quarter. Mason Street Advisors LLC raised its position in Hanesbrands by 1.2% in the first quarter. Mason Street Advisors LLC now owns 52,336 shares of the textile maker’s stock valued at $1,086,000 after buying an additional 635 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Hanesbrands during the first quarter valued at about $188,000. Raymond James Financial Services Advisors Inc. raised its position in Hanesbrands by 86.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 127,862 shares of the textile maker’s stock valued at $2,654,000 after buying an additional 59,367 shares during the last quarter. Finally, Shufro Rose & Co. LLC raised its position in Hanesbrands by 35.0% in the first quarter. Shufro Rose & Co. LLC now owns 384,413 shares of the textile maker’s stock valued at $7,980,000 after buying an additional 99,688 shares during the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.
Hanesbrands Inc. (HBI) opened at 22.61 on Friday. The firm has a 50-day moving average of $21.44 and a 200-day moving average of $21.47. Hanesbrands Inc. has a 1-year low of $18.91 and a 1-year high of $28.24. The stock has a market capitalization of $8.23 billion, a PE ratio of 16.32 and a beta of 0.72.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings data 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. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. Hanesbrands had a net margin of 8.56% and a return on equity of 65.05%. Equities analysts expect that Hanesbrands Inc. will post $1.98 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Investors of record on Tuesday, May 16th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Friday, May 12th. Hanesbrands’s payout ratio is 43.17%.
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Several equities research analysts have weighed in on the stock. BidaskClub raised shares of Hanesbrands from a “hold” rating to a “buy” rating in a research note on Thursday. ValuEngine downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. 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. Zacks Investment Research raised shares of Hanesbrands from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. 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, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Hanesbrands currently has an average rating of “Buy” and a consensus target price of $28.08.
In other Hanesbrands news, insider W Howard Upchurch, Jr. sold 55,850 shares of Hanesbrands 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 transaction, the insider now owns 579,663 shares of the company’s stock, valued at $13,274,282.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John T. Marsh sold 11,100 shares of Hanesbrands stock in a transaction that occurred on Tuesday, June 13th. The shares were 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 three months, insiders sold 109,059 shares of company stock worth $2,444,942. 1.10% of the stock is currently owned by 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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