Golub Group LLC Takes $2.45 Million Position in Hanesbrands Inc. (NYSE:HBI)
Golub Group LLC bought a new stake in Hanesbrands Inc. (NYSE:HBI) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 159,810 shares of the textile maker’s stock, valued at approximately $2,448,000.
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Hanesbrands by 1.2% in the second quarter. Vanguard Group Inc. now owns 40,263,259 shares of the textile maker’s stock valued at $693,333,000 after buying an additional 495,670 shares during the last quarter. BlackRock Inc. increased its stake in shares of Hanesbrands by 1.5% during the second quarter. BlackRock Inc. now owns 24,829,858 shares of the textile maker’s stock worth $427,569,000 after acquiring an additional 355,923 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of Hanesbrands by 10.9% during the third quarter. Diamond Hill Capital Management Inc. now owns 15,480,013 shares of the textile maker’s stock worth $237,154,000 after acquiring an additional 1,523,461 shares during the period. PenderFund Capital Management Ltd. increased its stake in shares of Hanesbrands by 4,028.8% during the second quarter. PenderFund Capital Management Ltd. now owns 15,000,000 shares of the textile maker’s stock worth $174,000 after acquiring an additional 14,636,700 shares during the period. Finally, Lyrical Asset Management LP increased its stake in shares of Hanesbrands by 36.5% during the second quarter. Lyrical Asset Management LP now owns 14,800,906 shares of the textile maker’s stock worth $254,872,000 after acquiring an additional 3,961,663 shares during the period. 90.72% of the stock is owned by institutional investors and hedge funds.
Shares of HBI stock traded up $0.02 during trading hours on Friday, hitting $15.86. The company’s stock had a trading volume of 3,945,617 shares, compared to its average volume of 5,248,945. The business has a fifty day moving average of $15.27 and a 200-day moving average of $15.83. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 2.25 and a beta of 1.17. Hanesbrands Inc. has a twelve month low of $11.57 and a twelve month high of $19.38. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 3.11.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, November 8th. Hanesbrands’s payout ratio is 35.09%.
HBI has been the topic of a number of recent analyst reports. Bank of America dropped their price target on shares of Hanesbrands from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. ValuEngine lowered shares of Hanesbrands from a “sell” rating to a “strong sell” rating in a research report on Friday, November 1st. Goldman Sachs Group set a $15.00 price target on shares of Hanesbrands and gave the company a “hold” rating in a research report on Friday, November 1st. UBS Group lowered their price target on shares of Hanesbrands from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Finally, Citigroup lowered their price target on shares of Hanesbrands from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $16.00.
In other news, insider Joia M. Johnson acquired 7,100 shares of Hanesbrands stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of $13.97 per share, with a total value of $99,187.00. Following the completion of the purchase, the insider now owns 115,830 shares of the company’s stock, valued at approximately $1,618,145.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider W Howard Upchurch, Jr. sold 93,261 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $16.14, for a total transaction of $1,505,232.54. Following the transaction, the insider now directly owns 520,490 shares in the company, valued at approximately $8,400,708.60. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company’s stock.
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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