B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund maintained its stake in shares of Hanesbrands Inc. (NYSE:HBI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,644 shares of the textile maker’s stock at the end of the second quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Hanesbrands were worth $1,242,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HBI. Alps Advisors Inc. boosted its stake in shares of Hanesbrands by 0.3% in the second quarter. Alps Advisors Inc. now owns 23,635 shares of the textile maker’s stock valued at $547,000 after buying an additional 61 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Hanesbrands by 0.3% in the second quarter. CIBC Asset Management Inc now owns 36,700 shares of the textile maker’s stock valued at $850,000 after buying an additional 106 shares during the last quarter. Advantus Capital Management Inc boosted its stake in shares of Hanesbrands by 0.3% in the first quarter. Advantus Capital Management Inc now owns 37,884 shares of the textile maker’s stock valued at $786,000 after buying an additional 131 shares during the last quarter. Nicolet Bankshares Inc. boosted its stake in shares of Hanesbrands by 1.5% in the second quarter. Nicolet Bankshares Inc. now owns 13,345 shares of the textile maker’s stock valued at $309,000 after buying an additional 200 shares during the last quarter. Finally, FTB Advisors Inc. boosted its stake in shares of Hanesbrands by 1.8% in the first quarter. FTB Advisors Inc. now owns 11,227 shares of the textile maker’s stock valued at $233,000 after buying an additional 202 shares during the last quarter. 94.54% of the stock is owned by institutional investors and hedge funds.

Hanesbrands Inc. (NYSE:HBI) opened at 24.27 on Friday. Hanesbrands Inc. has a one year low of $18.91 and a one year high of $27.44. The stock’s 50 day moving average price is $23.52 and its 200-day moving average price is $21.81. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of 15.90 and a beta of 0.73.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.53. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. Hanesbrands’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the business posted $0.51 earnings per share. On average, equities research analysts expect that Hanesbrands Inc. will post $1.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Friday, August 11th. Hanesbrands’s payout ratio is 39.47%.

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A number of brokerages have issued reports on HBI. Vetr cut 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. ValuEngine cut Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised Hanesbrands from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research cut Hanesbrands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Cowen and Company set a $22.00 target price on Hanesbrands and gave the stock a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $27.18.

In other Hanesbrands news, CFO Richard D. Moss sold 20,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $24.08, for a total transaction of $481,600.00. Following the completion of the transaction, the chief financial officer now directly owns 254,487 shares of the company’s stock, valued at $6,128,046.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gerald Evans sold 43,379 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $23.18, for a total value of $1,005,525.22. Following the transaction, the chief executive officer now directly owns 1,056,314 shares of the company’s stock, valued at $24,485,358.52. The disclosure for this sale can be found here. Insiders have sold 130,329 shares of company stock valued at $3,016,617 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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