Huntington National Bank continued to hold its stake in shares of HanesBrands Inc. (NYSE:HBI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,096 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in HanesBrands were worth $137,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. IFP Advisors Inc increased its stake 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 last quarter. Magnetar Financial LLC acquired a new stake in HanesBrands during the first quarter worth $218,000. Advisor Partners LLC increased its stake in 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. Mariner Wealth Advisors LLC acquired a new stake in HanesBrands during the first quarter worth $227,000. Finally, Hancock Holding Co. acquired a new stake in HanesBrands during the first quarter worth $239,000. Institutional investors and hedge funds own 91.31% of the company’s stock.
HanesBrands Inc. (NYSE:HBI) traded down 1.09% on Friday, hitting $25.30. The company had a trading volume of 2,837,781 shares. HanesBrands Inc. has a 12-month low of $23.25 and a 12-month high of $33.24. The firm has a 50-day moving average price of $26.24 and a 200-day moving average price of $26.83. The firm has a market capitalization of $9.56 billion, a PE ratio of 20.30 and a beta of 0.94.
HanesBrands (NYSE:HBI) last issued 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 firm earned $1.47 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The business’s quarterly 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 fiscal year.
A number of research firms have weighed in on HBI. Credit Suisse Group AG reiterated a “buy” rating and set a $37.00 price target on shares of HanesBrands in a research note on Wednesday, September 14th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $35.00 price target on shares of HanesBrands in a research note on Tuesday, August 2nd. Citigroup Inc. decreased their price target on shares of HanesBrands from $37.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. FBR & Co reiterated an “outperform” rating and set a $39.00 price target on shares of HanesBrands in a research note on Thursday, July 7th. Finally, Zacks Investment Research upgraded shares of HanesBrands from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $34.14.
In other news, CEO Richard A. Noll acquired 20,000 shares of the firm’s stock in a transaction on 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 acquisition, the chief executive officer now directly owns 870,077 shares in the company, valued at approximately $22,395,781.98. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by company 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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