Shufro Rose & Co. LLC raised its stake in Hanesbrands Inc. (NYSE:HBI) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 386,930 shares of the textile maker’s stock after buying an additional 2,517 shares during the period. Shufro Rose & Co. LLC owned 0.11% of Hanesbrands worth $8,961,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of HBI. Rational Advisors LLC boosted its stake in Hanesbrands by 14.3% in the second quarter. Rational Advisors LLC now owns 53,360 shares of the textile maker’s stock valued at $1,236,000 after buying an additional 6,660 shares during the period. Garrison Financial Corp boosted its stake in Hanesbrands by 0.3% in the second quarter. Garrison Financial Corp now owns 66,889 shares of the textile maker’s stock valued at $1,549,000 after buying an additional 214 shares during the period. Wedbush Securities Inc. boosted its stake in Hanesbrands by 52.1% in the second quarter. Wedbush Securities Inc. now owns 24,993 shares of the textile maker’s stock valued at $579,000 after buying an additional 8,562 shares during the period. Rhumbline Advisers boosted its stake in Hanesbrands by 0.8% in the second quarter. Rhumbline Advisers now owns 710,475 shares of the textile maker’s stock valued at $16,455,000 after buying an additional 5,719 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its stake in Hanesbrands by 23.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 40,274 shares of the textile maker’s stock valued at $969,000 after buying an additional 7,658 shares during the period. 94.54% of the stock is owned by institutional investors.
Shares of Hanesbrands Inc. (NYSE:HBI) opened at 23.93 on Monday. Hanesbrands Inc. has a 52 week low of $18.91 and a 52 week high of $28.24. The stock has a 50 day moving average price of $23.27 and a 200-day moving average price of $21.71. The firm has a market capitalization of $8.72 billion, a PE ratio of 15.68 and a beta of 0.73.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities analysts anticipate that Hanesbrands Inc. will post $1.99 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.60 annualized dividend and a yield of 2.51%. Hanesbrands’s dividend payout ratio is currently 39.47%.
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Several research firms have issued reports on HBI. Zacks Investment Research cut Hanesbrands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub raised Hanesbrands from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. UBS AG reissued a “buy” rating and set a $27.00 target price (up previously from $25.00) on shares of Hanesbrands in a research note on Tuesday, August 8th. Morgan Stanley raised their target price on Hanesbrands from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Finally, Vetr cut Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 target price for the company. in a research note on Monday, August 7th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $27.57.
In related news, insider John T. Marsh sold 11,100 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $22.57, for a total value of $250,527.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gerald Evans sold 43,379 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $23.18, for a total value of $1,005,525.22. Following the completion of the sale, the chief executive officer now owns 1,056,314 shares of the company’s stock, valued at $24,485,358.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,329 shares of company stock valued at $3,016,617. 1.10% of the stock is owned by insiders.
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.
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