Hanesbrands Inc. (HBI) Shares Bought by Robecosam AG
Robecosam AG lifted its position in shares of Hanesbrands Inc. (NYSE:HBI) by 45.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,000 shares of the textile maker’s stock after purchasing an additional 28,606 shares during the period. Robecosam AG’s holdings in Hanesbrands were worth $1,914,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Engine Capital Management LLC acquired a new position in Hanesbrands in the 3rd quarter valued at about $106,000. Tiedemann Wealth Management LLC increased its position in Hanesbrands by 12.4% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 34,254 shares of the textile maker’s stock valued at $129,000 after acquiring an additional 3,787 shares during the period. Global Trust Asset Management LLC acquired a new position in Hanesbrands in the 4th quarter valued at about $134,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in Hanesbrands in the 4th quarter valued at about $134,000. Finally, Valeo Financial Advisors LLC acquired a new position in Hanesbrands in the 3rd quarter valued at about $138,000. Institutional investors and hedge funds own 98.68% of the company’s stock.
Several equities analysts recently issued reports on HBI shares. ValuEngine cut Hanesbrands from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research cut Hanesbrands from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. DA Davidson set a $27.00 price objective on Hanesbrands and gave the company a “buy” rating in a report on Friday, February 9th. Credit Suisse Group started coverage on Hanesbrands in a report on Monday. They issued a “neutral” rating and a $21.00 price objective on the stock. Finally, Citigroup reaffirmed a “neutral” rating and issued a $23.00 price objective on shares of Hanesbrands in a report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.12.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. Hanesbrands had a return on equity of 72.30% and a net margin of 0.96%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 EPS. research analysts expect that Hanesbrands Inc. will post 1.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, February 16th. Hanesbrands’s dividend payout ratio (DPR) is 400.00%.
In other news, insider W Howard Upchurch, Jr. sold 51,743 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $20.70, for a total transaction of $1,071,080.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is owned by insiders.
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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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