Hanesbrands Inc. (HBI) Holdings Trimmed by Alliancebernstein L.P.
Alliancebernstein L.P. trimmed its holdings in Hanesbrands Inc. (NYSE:HBI) by 3.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 725,469 shares of the textile maker’s stock after selling 28,690 shares during the quarter. Alliancebernstein L.P. owned approximately 0.20% of Hanesbrands worth $16,802,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC boosted its stake in Hanesbrands by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 5,000 shares of the textile maker’s stock worth $103,000 after purchasing an additional 1,000 shares during the period. Van ECK Associates Corp boosted its stake in Hanesbrands by 7.4% in the 1st quarter. Van ECK Associates Corp now owns 5,995 shares of the textile maker’s stock worth $124,000 after purchasing an additional 415 shares during the period. Washington Trust Bank boosted its stake in Hanesbrands by 50.0% in the 2nd quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock worth $139,000 after purchasing an additional 2,000 shares during the period. Commonwealth Bank of Australia boosted its stake in Hanesbrands by 19.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 6,598 shares of the textile maker’s stock worth $152,000 after purchasing an additional 1,062 shares during the period. Finally, SRS Capital Advisors Inc. boosted its stake in Hanesbrands by 11.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 6,812 shares of the textile maker’s stock worth $141,000 after purchasing an additional 708 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.
In other news, CFO Richard D. Moss sold 20,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $24.08, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gerald Evans sold 43,379 shares of the company’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 transaction, the chief executive officer now directly owns 1,056,314 shares in the company, valued at approximately $24,485,358.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,704 shares of company stock worth $1,737,713. Corporate insiders own 1.10% of the company’s stock.
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Several research analysts have weighed in on HBI shares. Credit Suisse Group set a $28.00 price target on Hanesbrands and gave the stock a “buy” rating in a research note on Thursday, July 27th. BidaskClub upgraded Hanesbrands from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. 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. 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 28th. Finally, ValuEngine downgraded Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.27.
Shares of Hanesbrands Inc. (NYSE:HBI) opened at 24.54 on Friday. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 16.08 and a beta of 0.71. The firm has a 50-day moving average price of $24.37 and a 200-day moving average price of $22.33. Hanesbrands Inc. has a 1-year low of $18.91 and a 1-year high of $27.07.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 EPS for the quarter, meeting 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 business 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 posted $0.51 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts forecast 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. Stockholders of record on Tuesday, August 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, August 11th. Hanesbrands’s dividend payout ratio (DPR) is presently 39.47%.
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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