Hanesbrands Inc. (HBI) Stake Increased by HAP Trading LLC

HAP Trading LLC grew its holdings in Hanesbrands Inc. (NYSE:HBI) by 180.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,934 shares of the textile maker’s stock after buying an additional 28,934 shares during the quarter. HAP Trading LLC’s holdings in Hanesbrands were worth $319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HBI. Thrivent Financial For Lutherans lifted its holdings in shares of Hanesbrands by 6.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 13,990 shares of the textile maker’s stock valued at $290,000 after buying an additional 900 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Hanesbrands by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,147,948 shares of the textile maker’s stock valued at $23,831,000 after buying an additional 23,114 shares during the period. Bank of Montreal Can increased its stake in Hanesbrands by 37.2% in the 2nd quarter. Bank of Montreal Can now owns 514,866 shares of the textile maker’s stock valued at $11,923,000 after purchasing an additional 139,569 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in Hanesbrands by 9.2% in the 2nd quarter. Gateway Investment Advisers LLC now owns 29,304 shares of the textile maker’s stock valued at $679,000 after purchasing an additional 2,462 shares in the last quarter. Finally, Creative Planning increased its stake in Hanesbrands by 42.0% in the 2nd quarter. Creative Planning now owns 28,692 shares of the textile maker’s stock valued at $665,000 after purchasing an additional 8,487 shares in the last quarter. 95.44% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on HBI shares. Vetr downgraded Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price objective for the company. in a research note on Monday, August 7th. Credit Suisse Group reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Hanesbrands in a research note on Thursday, August 3rd. UBS AG reaffirmed a “buy” rating and issued a $27.00 price objective (up from $25.00) on shares of Hanesbrands in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. set a $32.00 price objective on Hanesbrands and gave the company a “buy” rating in a research note on Tuesday, August 1st. Finally, BidaskClub raised Hanesbrands from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. Hanesbrands presently has a consensus rating of “Hold” and a consensus price target of $26.13.

TRADEMARK VIOLATION WARNING: This piece was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/11/18/hanesbrands-inc-hbi-stake-increased-by-hap-trading-llc.html.

In related news, insider John T. Marsh sold 10,325 shares of Hanesbrands stock in a transaction on Monday, August 28th. The stock was sold at an average price of $24.27, for a total value of $250,587.75. Following the transaction, the insider now owns 99,997 shares in the company, valued at $2,426,927.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Shares of Hanesbrands Inc. (NYSE:HBI) traded up $0.28 during trading hours on Friday, hitting $19.50. The stock had a trading volume of 4,792,407 shares, compared to its average volume of 5,153,382. The stock has a market capitalization of $7,010.00, a P/E ratio of 9.87, a P/E/G ratio of 1.10 and a beta of 0.76. 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 Inc. has a twelve month low of $18.90 and a twelve month high of $25.73.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Monday, November 13th. Hanesbrands’s payout ratio is currently 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.

Want to see what other hedge funds are holding HBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanesbrands Inc. (NYSE:HBI).

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

Receive News & Ratings for Hanesbrands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply