Evanston Investments Inc. dba Evanston Advisors bought a new position in shares of Hanesbrands Inc. (NYSE:HBI) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 305,660 shares of the textile maker’s stock, valued at approximately $7,531,000. Evanston Investments Inc. dba Evanston Advisors owned 0.08% of Hanesbrands as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted 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 during the period. LS Investment Advisors LLC boosted its stake in Hanesbrands by 5.9% during the 2nd quarter. LS Investment Advisors LLC now owns 17,153 shares of the textile maker’s stock worth $397,000 after purchasing an additional 963 shares during the period. Nisa Investment Advisors LLC boosted its stake in Hanesbrands by 54.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 54,480 shares of the textile maker’s stock worth $1,262,000 after purchasing an additional 19,200 shares during the period. Aperio Group LLC boosted its stake in Hanesbrands by 9.9% during the 2nd quarter. Aperio Group LLC now owns 180,958 shares of the textile maker’s stock worth $4,191,000 after purchasing an additional 16,319 shares during the period. Finally, US Bancorp DE boosted its stake in Hanesbrands by 23.4% during the 2nd quarter. US Bancorp DE now owns 55,145 shares of the textile maker’s stock worth $1,277,000 after purchasing an additional 10,441 shares during the period. 96.92% of the stock is currently owned by institutional investors.
Hanesbrands Inc. (NYSE HBI) traded down $0.14 during midday trading on Wednesday, hitting $20.54. 1,590,071 shares of the stock were exchanged, compared to its average volume of 5,267,504. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90. The firm has a market capitalization of $7,710.96, a PE ratio of 10.85, a P/E/G ratio of 1.21 and a beta of 0.70. Hanesbrands Inc. has a twelve month low of $18.90 and a twelve month high of $25.73.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 earnings per share. equities analysts forecast that Hanesbrands Inc. will post 1.94 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, November 13th. This represents a $0.60 annualized dividend and a yield of 2.92%. Hanesbrands’s payout ratio is 37.04%.
HBI has been the subject of several recent analyst reports. B. Riley reiterated a “buy” rating on shares of Hanesbrands in a research note on Thursday, November 2nd. Barclays dropped their target price on shares of Hanesbrands from $31.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. BidaskClub upgraded shares of Hanesbrands from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Morgan Stanley dropped their target price on shares of Hanesbrands from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, November 2nd. Finally, Vetr downgraded shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price target for the company. in a report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. Hanesbrands presently has a consensus rating of “Hold” and a consensus target price of $26.13.
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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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