Check Capital Management Inc. CA lifted its position in Hanesbrands Inc. (NYSE:HBI) by 100.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,413,635 shares of the textile maker’s stock after buying an additional 2,207,066 shares during the quarter. Hanesbrands makes up 3.2% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 6th largest holding. Check Capital Management Inc. CA owned approximately 1.21% of Hanesbrands worth $108,752,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. Thrivent Financial For Lutherans grew its stake in Hanesbrands by 6.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 13,990 shares of the textile maker’s stock worth $290,000 after purchasing an additional 900 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Hanesbrands by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,147,948 shares of the textile maker’s stock worth $23,831,000 after purchasing an additional 23,114 shares in the last quarter. Bank of Montreal Can grew its stake in Hanesbrands by 37.2% during the 2nd quarter. Bank of Montreal Can now owns 514,866 shares of the textile maker’s stock worth $11,923,000 after purchasing an additional 139,569 shares in the last quarter. Gateway Investment Advisers LLC grew its stake in Hanesbrands by 9.2% during the 2nd quarter. Gateway Investment Advisers LLC now owns 29,304 shares of the textile maker’s stock worth $679,000 after purchasing an additional 2,462 shares in the last quarter. Finally, Creative Planning grew its stake in Hanesbrands by 42.0% during the 2nd quarter. Creative Planning now owns 28,692 shares of the textile maker’s stock worth $665,000 after purchasing an additional 8,487 shares in the last quarter. Hedge funds and other institutional investors own 95.44% of the company’s stock.
Shares of Hanesbrands Inc. (NYSE:HBI) traded up $0.25 during midday trading on Friday, hitting $19.47. The company had a trading volume of 3,070,000 shares, compared to its average volume of 6,320,000. The firm has a market cap of $7,100.00, a PE ratio of 9.84, a PEG ratio of 1.10 and a beta of 0.76. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90. Hanesbrands Inc. has a 1 year low of $18.90 and a 1 year high of $25.73.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.80 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 EPS. research analysts forecast that Hanesbrands Inc. will post 1.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Monday, November 13th. Hanesbrands’s dividend payout ratio is presently 37.04%.
In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of the company’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 completion of the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.
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HBI has been the subject of several analyst reports. BidaskClub raised Hanesbrands from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Credit Suisse Group set a $28.00 price objective on Hanesbrands and gave the stock a “buy” rating in a research report on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $32.00 price objective on Hanesbrands and gave the stock a “buy” rating in a research report on Tuesday, August 1st. UBS AG reaffirmed a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Hanesbrands in a research report on Wednesday, August 2nd. Finally, Vetr cut Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price objective for the company. in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $26.13.
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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