Dimensional Fund Advisors LP boosted its stake in Hanesbrands Inc. (NYSE:HBI) by 0.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,383,535 shares of the textile maker’s stock after acquiring an additional 6,108 shares during the quarter. Dimensional Fund Advisors LP owned 0.38% of Hanesbrands worth $34,089,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Hanesbrands by 0.8% in the 2nd quarter. BlackRock Inc. now owns 23,050,392 shares of the textile maker’s stock valued at $533,848,000 after acquiring an additional 174,498 shares during the period. State Street Corp grew its stake in Hanesbrands by 0.9% in the 2nd quarter. State Street Corp now owns 15,512,816 shares of the textile maker’s stock valued at $359,281,000 after acquiring an additional 136,465 shares during the period. Bessemer Group Inc. grew its stake in Hanesbrands by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 5,977,411 shares of the textile maker’s stock valued at $147,284,000 after acquiring an additional 169,250 shares during the period. Bank of New York Mellon Corp grew its stake in Hanesbrands by 33.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,638,005 shares of the textile maker’s stock valued at $114,282,000 after acquiring an additional 1,159,722 shares during the period. Finally, Check Capital Management Inc. CA grew its stake in Hanesbrands by 100.0% in the 3rd quarter. Check Capital Management Inc. CA now owns 4,413,635 shares of the textile maker’s stock valued at $108,752,000 after acquiring an additional 2,207,066 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hanesbrands Inc. (NYSE:HBI) opened at $22.42 on Monday. Hanesbrands Inc. has a one year low of $18.90 and a one year high of $25.73. 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 stock has a market cap of $8,170.00, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 1.20 and a beta of 0.72.
Hanesbrands (NYSE:HBI) last announced its earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company posted $0.56 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. sell-side analysts forecast that Hanesbrands Inc. will post 1.94 earnings per share for the current year.
HBI has been the topic of a number of research analyst reports. Nomura dropped their price target on shares of Hanesbrands from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Oppenheimer reissued a “buy” rating on shares of Hanesbrands in a research note on Wednesday, October 18th. B. Riley reissued a “buy” rating on shares of Hanesbrands in a research note on Thursday, November 2nd. Wells Fargo & Co cut shares of Hanesbrands from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a research note on Wednesday, October 25th. Finally, Citigroup reaffirmed a “neutral” rating and set a $23.00 target price on shares of Hanesbrands in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.63.
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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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