Yellowstone Partners LLC purchased a new stake in Hanesbrands Inc. (NYSE:HBI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,552 shares of the textile maker’s stock, valued at approximately $556,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HBI. Archford Capital Strategies LLC grew its stake in Hanesbrands by 283.4% in the second quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock valued at $141,000 after acquiring an additional 1,247 shares during the period. IHT Wealth Management LLC boosted its position in shares of Hanesbrands by 101.1% during the second quarter. IHT Wealth Management LLC now owns 2,652 shares of the textile maker’s stock valued at $159,000 after buying an additional 1,333 shares during the last quarter. Engine Capital Management LLC purchased a new position in shares of Hanesbrands during the third quarter valued at approximately $106,000. QS Investors LLC boosted its position in shares of Hanesbrands by 2.8% during the second quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock valued at $118,000 after buying an additional 140 shares during the last quarter. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Hanesbrands during the third quarter valued at approximately $138,000. Institutional investors and hedge funds own 96.92% of the company’s stock.

Hanesbrands Inc. (NYSE HBI) traded up $0.29 during mid-day trading on Thursday, hitting $21.24. The stock had a trading volume of 6,043,000 shares, compared to its average volume of 5,292,474. The stock has a market cap of $7,638.04, a P/E ratio of 10.74, a P/E/G ratio of 1.20 and a beta of 0.70. Hanesbrands Inc. has a 52-week low of $18.90 and a 52-week high of $25.73. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90.

Hanesbrands (NYSE:HBI) last announced its earnings results on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. Hanesbrands’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. sell-side analysts expect that Hanesbrands Inc. will post 1.94 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.82%. Hanesbrands’s dividend payout ratio is presently 37.04%.

A number of analysts recently commented on the company. Vetr upgraded Hanesbrands from a “buy” rating to a “strong-buy” rating and set a $26.36 price target on the stock in a report on Monday, August 21st. BidaskClub lowered Hanesbrands from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Cowen set a $22.00 price objective on Hanesbrands and gave the company a “hold” rating in a research note on Thursday, August 24th. Oppenheimer set a $32.00 target price on Hanesbrands and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Finally, ValuEngine cut Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.13.

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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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