Diligent Investors LLC continued to hold its position in shares of HanesBrands Inc. (NYSE:HBI) during the second quarter, Holdings Channel reports. The fund owned 18,982 shares of the company’s stock at the end of the second quarter. Diligent Investors LLC’s holdings in HanesBrands were worth $477,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the stock. Commonwealth Equity Services Inc boosted its position in shares of HanesBrands by 3.5% in the first quarter. Commonwealth Equity Services Inc now owns 29,143 shares of the company’s stock valued at $826,000 after buying an additional 984 shares during the period. Aperio Group LLC boosted its position in shares of HanesBrands by 15.7% in the first quarter. Aperio Group LLC now owns 82,906 shares of the company’s stock valued at $2,350,000 after buying an additional 11,275 shares during the period. IFP Advisors Inc boosted its position in shares of 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 period. CIBC World Markets Inc. boosted its position in shares of HanesBrands by 52.8% in the first quarter. CIBC World Markets Inc. now owns 35,055 shares of the company’s stock valued at $993,000 after buying an additional 12,118 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of HanesBrands by 4.1% in the first quarter. TIAA CREF Investment Management LLC now owns 2,857,931 shares of the company’s stock valued at $80,994,000 after buying an additional 112,912 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.
Shares of HanesBrands Inc. (NYSE:HBI) traded up 0.04% on Wednesday, hitting $25.51. The company’s stock had a trading volume of 3,195,071 shares. The stock’s 50 day moving average is $26.39 and its 200-day moving average is $26.88. HanesBrands Inc. has a 52 week low of $23.25 and a 52 week high of $33.24. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 20.47 and a beta of 0.94.
HanesBrands (NYSE:HBI) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.01. HanesBrands had a net margin of 8.60% and a return on equity of 59.48%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the business earned $0.50 EPS. HanesBrands’s revenue was down 3.4% compared to the same quarter last year. On average, equities research analysts anticipate that HanesBrands Inc. will post $1.92 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Tuesday, August 16th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Friday, August 12th. HanesBrands’s payout ratio is 35.20%.
HBI has been the topic of several recent research reports. Brean Capital restated a “buy” rating and issued a $37.00 price target on shares of HanesBrands in a research report on Tuesday, June 14th. Nomura restated a “sell” rating and issued a $31.00 price target on shares of HanesBrands in a research report on Wednesday, July 6th. FBR & Co restated an “outperform” rating and issued a $39.00 price target on shares of HanesBrands in a research report on Thursday, July 7th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $35.00 target price on shares of HanesBrands in a research report on Tuesday, August 2nd. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $37.00 target price on shares of HanesBrands in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $34.14.
In other HanesBrands news, CEO Richard A. Noll acquired 20,000 shares of HanesBrands stock in a transaction that occurred on Tuesday, August 9th. The stock was acquired at an average price of $25.74 per share, with a total value of $514,800.00. Following the purchase, the chief executive officer now owns 870,077 shares in the company, valued at $22,395,781.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.
HanesBrands Company Profile
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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