Hanesbrands Inc. (HBI) Stake Lessened by FDx Advisors Inc.
FDx Advisors Inc. lowered its position in shares of Hanesbrands Inc. (NYSE:HBI) by 8.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,705 shares of the textile maker’s stock after selling 10,398 shares during the quarter. FDx Advisors Inc.’s holdings in Hanesbrands were worth $2,900,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in HBI. Sasco Capital Inc. CT acquired a new stake in shares of Hanesbrands during the second quarter valued at approximately $57,945,000. Morningstar Investment Services LLC raised its holdings in shares of Hanesbrands by 360.9% during the second quarter. Morningstar Investment Services LLC now owns 3,034,052 shares of the textile maker’s stock valued at $70,269,000 after acquiring an additional 2,375,811 shares during the period. Bessemer Group Inc. raised its holdings in shares of Hanesbrands by 43.5% during the second quarter. Bessemer Group Inc. now owns 5,808,161 shares of the textile maker’s stock valued at $134,518,000 after acquiring an additional 1,760,614 shares during the period. Sabal Trust CO acquired a new stake in shares of Hanesbrands during the third quarter valued at approximately $25,479,000. Finally, USS Investment Management Ltd acquired a new stake in shares of Hanesbrands during the second quarter valued at approximately $20,937,000. Institutional investors and hedge funds own 95.28% of the company’s stock.
In related news, insider John T. Marsh sold 10,325 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $24.27, for a total transaction of $250,587.75. Following the completion of the sale, the insider now directly owns 99,997 shares of the company’s stock, valued at approximately $2,426,927.19. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.
Shares of Hanesbrands Inc. (HBI) traded down $0.18 on Friday, hitting $19.29. 4,609,900 shares of the stock traded hands, compared to its average volume of 5,147,772. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90. The firm has a market cap of $7,098.45, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 1.11 and a beta of 0.73. Hanesbrands Inc. has a 52 week low of $18.91 and a 52 week high of $26.05.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. Hanesbrands’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS. research analysts anticipate that Hanesbrands Inc. will post 1.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Monday, November 13th. Hanesbrands’s dividend payout ratio is currently 37.04%.
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Several research firms have weighed in on HBI. Zacks Investment Research lowered shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Cowen and Company set a $22.00 price objective on shares of Hanesbrands and gave the company a “hold” rating in a research note on Thursday, August 24th. Barclays PLC began coverage on shares of Hanesbrands in a research note on Tuesday, September 19th. They issued an “overweight” rating and a $31.00 price objective on the stock. FBR & Co reiterated a “buy” rating and issued a $33.00 price objective on shares of Hanesbrands in a research note on Thursday, September 21st. Finally, Nomura dropped their price objective on shares of Hanesbrands from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $26.13.
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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