Sit Investment Associates Inc. boosted its position in shares of HanesBrands Inc. (NYSE:HBI) by 241.0% during the second quarter, Holdings Channel reports. The institutional investor owned 562,860 shares of the company’s stock after buying an additional 397,790 shares during the period. Sit Investment Associates Inc.’s holdings in HanesBrands were worth $14,145,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Aviva PLC boosted its stake in shares of HanesBrands by 1.5% in the first quarter. Aviva PLC now owns 454,561 shares of the company’s stock worth $12,882,000 after buying an additional 6,700 shares in the last quarter. ING Groep NV purchased a new stake in shares of HanesBrands during the first quarter worth about $255,000. Landscape Capital Management L.L.C. boosted its stake in shares of HanesBrands by 436.3% in the first quarter. Landscape Capital Management L.L.C. now owns 64,350 shares of the company’s stock worth $1,824,000 after buying an additional 52,350 shares in the last quarter. Advisor Partners LLC boosted its stake in shares of HanesBrands by 9.1% in the first quarter. Advisor Partners LLC now owns 7,717 shares of the company’s stock worth $219,000 after buying an additional 641 shares in the last quarter. Finally, Palisade Capital Management LLC NJ boosted its stake in shares of HanesBrands by 86.6% in the first quarter. Palisade Capital Management LLC NJ now owns 388,965 shares of the company’s stock worth $11,023,000 after buying an additional 180,489 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.
Shares of HanesBrands Inc. (NYSE:HBI) traded up 0.24% during mid-day trading on Thursday, reaching $25.57. The company’s stock had a trading volume of 1,872,493 shares. The stock has a market capitalization of $9.66 billion, a P/E ratio of 20.52 and a beta of 0.94. The company’s 50-day moving average price is $26.34 and its 200-day moving average price is $26.87. HanesBrands Inc. has a 12-month low of $23.25 and a 12-month high of $33.24.
HanesBrands (NYSE:HBI) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.51 earnings per share 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 analysts’ expectations of $1.53 billion. During the same period in the previous year, the firm earned $0.50 earnings per share. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities research analysts forecast that HanesBrands Inc. will post $1.92 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Tuesday, August 16th were given a dividend of $0.11 per share. The ex-dividend date was Friday, August 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.72%. HanesBrands’s payout ratio is currently 35.20%.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded HanesBrands from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $35.00 price objective on shares of HanesBrands in a research note on Tuesday, August 2nd. Brean Capital restated a “buy” rating and issued a $37.00 price objective on shares of HanesBrands in a research note on Tuesday, June 14th. Credit Suisse Group AG restated a “buy” rating and issued a $37.00 price objective on shares of HanesBrands in a research note on Wednesday, September 14th. Finally, FBR & Co reiterated an “outperform” rating and set a $39.00 price target on shares of HanesBrands in a research report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $34.14.
In related news, CEO Richard A. Noll acquired 20,000 shares of the stock in a transaction dated Tuesday, August 9th. The shares were purchased at an average cost of $25.74 per share, with a total value of $514,800.00. Following the transaction, the chief executive officer now directly owns 870,077 shares in the company, valued at $22,395,781.98. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.
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.
Want to see what other hedge funds are holding HBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HanesBrands Inc. (NYSE:HBI).
Receive News & Ratings for HanesBrands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HanesBrands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.