Guggenheim Capital LLC boosted its position in Hanesbrands Inc. (NYSE:HBI) by 37.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,674,123 shares of the textile maker’s stock after acquiring an additional 460,461 shares during the period. Guggenheim Capital LLC owned 0.46% of Hanesbrands worth $35,007,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Virtue Capital Management LLC purchased a new stake in shares of Hanesbrands in the fourth quarter worth approximately $432,000. Armistice Capital LLC raised its stake in shares of Hanesbrands by 230.2% in the fourth quarter. Armistice Capital LLC now owns 1,400,000 shares of the textile maker’s stock worth $29,274,000 after purchasing an additional 976,000 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Hanesbrands by 22.5% in the fourth quarter. Clearbridge Investments LLC now owns 4,836,671 shares of the textile maker’s stock worth $101,135,000 after purchasing an additional 887,675 shares during the last quarter. Brandywine Global Investment Management LLC raised its stake in shares of Hanesbrands by 8.3% in the fourth quarter. Brandywine Global Investment Management LLC now owns 2,789,388 shares of the textile maker’s stock worth $58,327,000 after purchasing an additional 213,891 shares during the last quarter. Finally, Jefferies Group LLC purchased a new stake in shares of Hanesbrands in the fourth quarter worth approximately $2,049,000. Institutional investors and hedge funds own 99.90% of the company’s stock.
Shares of Hanesbrands Inc. (NYSE:HBI) opened at $19.38 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 0.85 and a debt-to-equity ratio of 5.40. The company has a market capitalization of $7,096.79, a P/E ratio of 10.15, a P/E/G ratio of 1.24 and a beta of 0.77. Hanesbrands Inc. has a 52-week low of $18.57 and a 52-week high of $25.73.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.52. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. Hanesbrands had a return on equity of 72.30% and a net margin of 0.96%. Hanesbrands’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.53 earnings per share. research analysts anticipate that Hanesbrands Inc. will post 1.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Friday, February 16th. Hanesbrands’s dividend payout ratio is currently 400.00%.
In other Hanesbrands news, insider W Howard Upchurch, Jr. sold 51,743 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $20.70, for a total value of $1,071,080.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.06% of the company’s stock.
Several analysts have recently commented on the company. ValuEngine downgraded Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Deutsche Bank set a $27.00 price objective on Hanesbrands and gave the stock a “buy” rating in a research note on Friday, February 9th. Barclays increased their price objective on Hanesbrands from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Zacks Investment Research downgraded Hanesbrands from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Finally, Citigroup lowered their price objective on Hanesbrands from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. Hanesbrands has a consensus rating of “Hold” and a consensus price target of $25.12.
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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