Victory Capital Management Inc. Increases Position in Hanesbrands Inc. (HBI)

Victory Capital Management Inc. grew its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 698,044 shares of the textile maker’s stock after buying an additional 30,202 shares during the period. Victory Capital Management Inc. owned approximately 0.19% of Hanesbrands worth $17,199,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Crossmark Global Holdings Inc. bought a new position in shares of Hanesbrands during the 3rd quarter valued at about $790,000. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Hanesbrands by 274.8% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 120,465 shares of the textile maker’s stock valued at $2,968,000 after purchasing an additional 88,320 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Hanesbrands by 6.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 269,407 shares of the textile maker’s stock valued at $6,638,000 after purchasing an additional 15,190 shares in the last quarter. Hanson & Doremus Investment Management lifted its holdings in shares of Hanesbrands by 19.6% during the 3rd quarter. Hanson & Doremus Investment Management now owns 52,029 shares of the textile maker’s stock valued at $1,282,000 after purchasing an additional 8,525 shares in the last quarter. Finally, Rothschild Investment Corp IL lifted its holdings in shares of Hanesbrands by 63.4% during the 3rd quarter. Rothschild Investment Corp IL now owns 97,860 shares of the textile maker’s stock valued at $2,411,000 after purchasing an additional 37,986 shares in the last quarter. Hedge funds and other institutional investors own 95.44% of the company’s stock.

In related news, insider John T. Marsh sold 10,325 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $24.27, for a total transaction of $250,587.75. Following the transaction, the insider now directly owns 99,997 shares of the company’s stock, valued at approximately $2,426,927.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

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Several research firms have recently weighed in on HBI. Buckingham Research reiterated a “buy” rating and set a $30.00 price objective on shares of Hanesbrands in a report on Monday, July 17th. Deutsche Bank AG began coverage on Hanesbrands in a report on Monday, October 23rd. They set a “buy” rating and a $29.00 price objective on the stock. BidaskClub upgraded Hanesbrands from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Monday, October 9th. Finally, Vetr cut Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 target price on the stock. in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $26.13.

Hanesbrands Inc. (NYSE:HBI) opened at $19.29 on Monday. The firm has a market capitalization of $7,032.83, a P/E ratio of 9.89, a price-to-earnings-growth ratio of 1.10 and a beta of 0.73. Hanesbrands Inc. has a 1 year low of $18.91 and a 1 year high of $26.05. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.85 and a current ratio of 1.88.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.80 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 EPS. sell-side analysts forecast that Hanesbrands Inc. will post 1.94 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Monday, November 13th. Hanesbrands’s dividend payout ratio (DPR) is 37.04%.

About Hanesbrands

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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