First Trust Advisors LP cut its stake in shares of HanesBrands Inc. (NYSE:HBI) by 90.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,954 shares of the company’s stock after selling 400,771 shares during the period. First Trust Advisors LP’s holdings in HanesBrands were worth $1,004,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. IFP Advisors Inc raised its stake in HanesBrands by 4.7% in the first quarter. IFP Advisors Inc now owns 6,861 shares of the company’s stock valued at $194,000 after buying an additional 308 shares during the last quarter. Amica Retiree Medical Trust raised its stake in HanesBrands by 146.1% in the second quarter. Amica Retiree Medical Trust now owns 8,034 shares of the company’s stock valued at $202,000 after buying an additional 4,770 shares during the last quarter. Magnetar Financial LLC bought a new stake in HanesBrands during the first quarter valued at about $218,000. Advisor Partners LLC raised its stake in HanesBrands by 9.1% in the first quarter. Advisor Partners LLC now owns 7,717 shares of the company’s stock valued at $219,000 after buying an additional 641 shares during the last quarter. Finally, Mariner Wealth Advisors LLC bought a new stake in HanesBrands during the first quarter valued at about $227,000. 91.31% of the stock is owned by institutional investors and hedge funds.
Shares of HanesBrands Inc. (NYSE:HBI) traded up 0.31% on Wednesday, hitting $25.58. The stock had a trading volume of 1,556,284 shares. The stock has a 50 day moving average of $26.39 and a 200 day moving average of $26.88. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 20.53 and a beta of 0.94. HanesBrands Inc. has a 12-month low of $23.25 and a 12-month high of $33.24.
HanesBrands (NYSE:HBI) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by $0.01. HanesBrands had a net margin of 8.60% and a return on equity of 59.48%. The business earned $1.47 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis. Equities analysts predict that HanesBrands Inc. will post $1.92 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Tuesday, August 16th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Friday, August 12th. HanesBrands’s dividend payout ratio is presently 35.20%.
HBI has been the topic of several recent analyst reports. Credit Suisse Group AG reiterated a “buy” rating and issued a $37.00 price target on shares of HanesBrands in a report on Wednesday, September 14th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $35.00 price target on shares of HanesBrands in a report on Tuesday, August 2nd. Citigroup Inc. reduced their price target on HanesBrands from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. FBR & Co reiterated an “outperform” rating and issued a $39.00 price target on shares of HanesBrands in a report on Thursday, July 7th. Finally, Zacks Investment Research upgraded HanesBrands from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $34.14.
In other news, CEO Richard A. Noll purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were bought at an average cost of $25.74 per share, for a total transaction of $514,800.00. Following the completion of the purchase, the chief executive officer now directly owns 870,077 shares of the company’s stock, valued at $22,395,781.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.
Hanesbrands Inc is a manufacturer and marketer of apparels. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports.
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