Marshall Wace North America L.P. acquired a new stake in Hanesbrands Inc. (NYSE:HBI) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 23,816 shares of the textile maker’s stock, valued at approximately $548,000.

Several other institutional investors and hedge funds have also modified their holdings of HBI. Russell Investments Group Ltd. lifted its stake in Hanesbrands by 76.0% in the 1st quarter. Russell Investments Group Ltd. now owns 144,027 shares of the textile maker’s stock valued at $2,990,000 after acquiring an additional 62,190 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in Hanesbrands by 13.3% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 32,274 shares of the textile maker’s stock valued at $670,000 after acquiring an additional 3,797 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Hanesbrands by 706.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 56,619 shares of the textile maker’s stock valued at $1,175,000 after acquiring an additional 49,600 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Hanesbrands by 0.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 275,551 shares of the textile maker’s stock valued at $5,711,000 after acquiring an additional 794 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Hanesbrands by 87.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 32,616 shares of the textile maker’s stock valued at $696,000 after acquiring an additional 15,254 shares in the last quarter. Institutional investors and hedge funds own 94.35% of the company’s stock.

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Hanesbrands Inc. (NYSE:HBI) opened at 25.60 on Wednesday. Hanesbrands Inc. has a one year low of $18.91 and a one year high of $27.07. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 16.78 and a beta of 0.71. The firm has a 50-day moving average price of $24.04 and a 200-day moving average price of $22.12.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 2.34%. Hanesbrands’s dividend payout ratio (DPR) is currently 39.47%.

In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $24.27, for a total value of $250,587.75. Following the sale, the insider now directly owns 99,997 shares in the company, valued at $2,426,927.19. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gerald Evans sold 43,379 shares of the business’s 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 completion of the sale, the chief executive officer now owns 1,056,314 shares in the company, valued at $24,485,358.52. The disclosure for this sale can be found here. Insiders have sold 73,704 shares of company stock worth $1,737,713 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Several research firms have commented on HBI. Buckingham Research restated a “buy” rating and issued a $30.00 target price on shares of Hanesbrands in a research note on Monday, July 17th. BidaskClub cut Hanesbrands from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Zacks Investment Research cut Hanesbrands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Vetr cut Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price objective on the stock. in a research note on Monday, August 7th. Finally, Credit Suisse Group set a $28.00 price objective on Hanesbrands and gave the stock a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $27.18.

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.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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