Premier Asset Management LLC acquired a new stake in shares of Hanesbrands Inc. (NYSE:HBI) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 32,950 shares of the textile maker’s stock, valued at approximately $812,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Freestone Capital Holdings LLC boosted its stake in shares of Hanesbrands by 14.0% during the second quarter. Freestone Capital Holdings LLC now owns 180,729 shares of the textile maker’s stock valued at $4,186,000 after purchasing an additional 22,190 shares in the last quarter. HAP Trading LLC boosted its stake in shares of Hanesbrands by 180.8% during the third quarter. HAP Trading LLC now owns 12,934 shares of the textile maker’s stock valued at $319,000 after purchasing an additional 28,934 shares in the last quarter. Northern Capital Management LLC bought a new position in shares of Hanesbrands during the third quarter valued at approximately $3,816,000. Victory Capital Management Inc. boosted its stake in shares of Hanesbrands by 4.5% during the third quarter. Victory Capital Management Inc. now owns 698,044 shares of the textile maker’s stock valued at $17,199,000 after purchasing an additional 30,202 shares in the last quarter. Finally, Tradition Capital Management LLC lifted its position in Hanesbrands by 21.8% during the second quarter. Tradition Capital Management LLC now owns 249,960 shares of the textile maker’s stock valued at $5,789,000 after acquiring an additional 44,785 shares during the last quarter. Hedge funds and other institutional investors own 96.92% of the company’s stock.
A number of research firms recently commented on HBI. ValuEngine cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Barclays began coverage on shares of Hanesbrands in a research report on Tuesday, September 19th. They set an “overweight” rating and a $31.00 target price for the company. FBR & Co reissued a “buy” rating and set a $33.00 target price on shares of Hanesbrands in a research report on Thursday, September 21st. Instinet cut shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a research report on Thursday, September 21st. Finally, Nomura cut shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a research report on Thursday, September 21st. 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 stock has a consensus rating of “Hold” and a consensus target price of $26.13.
Shares of Hanesbrands Inc. (NYSE:HBI) opened at $20.58 on Friday. The firm has a market cap of $7,488.56, a price-to-earnings ratio of 10.53, a PEG ratio of 1.18 and a beta of 0.70. Hanesbrands Inc. has a 52 week low of $18.90 and a 52 week high of $25.73. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 2.90.
Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, hitting the Zacks’ 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 net margin of 9.43% and a return on equity of 64.73%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 earnings per share. research analysts forecast that Hanesbrands Inc. will post 1.94 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.92%. Hanesbrands’s payout ratio is currently 37.04%.
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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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