Daiwa Securities Group Inc. maintained its position in Hanesbrands Inc. (NYSE:HBI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,200 shares of the textile maker’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in Hanesbrands were worth $236,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sigma Planning Corp purchased a new position in Hanesbrands during the first quarter worth approximately $905,000. Gilman Hill Asset Management LLC purchased a new position in Hanesbrands during the first quarter worth approximately $603,000. Mn Services Vermogensbeheer B.V. increased its position in Hanesbrands by 3.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 10,101 shares of the textile maker’s stock worth $196,000 after buying an additional 309 shares in the last quarter. Nicolet Bankshares Inc. purchased a new position in Hanesbrands during the first quarter worth approximately $273,000. Finally, Boyd Watterson Asset Management LLC OH increased its position in Hanesbrands by 44.5% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 56,134 shares of the textile maker’s stock worth $1,165,000 after buying an additional 17,278 shares in the last quarter. Hedge funds and other institutional investors own 94.54% of the company’s stock.

Hanesbrands Inc. (NYSE:HBI) opened at 23.88 on Friday. Hanesbrands Inc. has a 52 week low of $18.91 and a 52 week high of $28.24. The stock’s 50 day moving average price is $23.42 and its 200 day moving average price is $21.73. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 15.65 and a beta of 0.73.

Hanesbrands (NYSE:HBI) last posted its earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the company earned $0.51 EPS. Hanesbrands’s revenue was up 11.8% on a year-over-year basis. On average, analysts forecast that Hanesbrands Inc. will post $1.99 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.51%. The ex-dividend date is Friday, August 11th. Hanesbrands’s payout ratio is 39.47%.

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A number of research analysts have recently commented on the company. UBS AG reiterated a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Hanesbrands in a research report on Tuesday, August 8th. Zacks Investment Research downgraded Hanesbrands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub upgraded Hanesbrands from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Morgan Stanley increased their target price on Hanesbrands from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Finally, Vetr downgraded Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 target price for the company. in a research report on Monday, August 7th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Hanesbrands has a consensus rating of “Buy” and an average target price of $27.57.

In related news, CFO Richard D. Moss sold 20,000 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $24.08, for a total transaction of $481,600.00. Following the transaction, the chief financial officer now owns 254,487 shares of the company’s stock, valued at approximately $6,128,046.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John T. Marsh sold 11,100 shares of the stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $22.57, for a total value of $250,527.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,329 shares of company stock worth $3,016,617. 1.10% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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