Parametric Portfolio Associates LLC Increases Position in Hanesbrands Inc. (NYSE:HBI)
Parametric Portfolio Associates LLC boosted its stake in Hanesbrands Inc. (NYSE:HBI) by 18.2% during the first quarter, HoldingsChannel.com reports. The firm owned 681,895 shares of the textile maker’s stock after buying an additional 104,801 shares during the period. Parametric Portfolio Associates LLC’s holdings in Hanesbrands were worth $12,192,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Hanesbrands in the fourth quarter worth $39,389,000. BlackRock Inc. increased its position in Hanesbrands by 3.7% during the fourth quarter. BlackRock Inc. now owns 24,750,735 shares of the textile maker’s stock valued at $310,126,000 after acquiring an additional 887,593 shares during the last quarter. Squarepoint Ops LLC increased its position in Hanesbrands by 814.7% during the fourth quarter. Squarepoint Ops LLC now owns 992,830 shares of the textile maker’s stock valued at $12,440,000 after acquiring an additional 884,292 shares during the last quarter. Shapiro Capital Management LLC increased its position in Hanesbrands by 5.7% during the fourth quarter. Shapiro Capital Management LLC now owns 14,487,327 shares of the textile maker’s stock valued at $181,526,000 after acquiring an additional 786,671 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in Hanesbrands by 1,137.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 489,071 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 449,555 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Barry Hytinen acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average price of $17.56 per share, with a total value of $175,600.00. Following the completion of the transaction, the chief financial officer now owns 176,312 shares of the company’s stock, valued at $3,096,038.72. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.04% of the stock is currently owned by corporate insiders.
Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, May 2nd. The textile maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.53 billion. Hanesbrands had a return on equity of 69.68% and a net margin of 7.99%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 earnings per share. As a group, equities research analysts expect that Hanesbrands Inc. will post 1.76 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Monday, May 13th. Hanesbrands’s dividend payout ratio is currently 35.09%.
Separately, Zacks Investment Research cut Hanesbrands from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.83.
Hanesbrands Company Profile
Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.
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