Tarbox Group Inc. continued to hold its position in shares of HanesBrands Inc. (NYSE:HBI) during the second quarter, Holdings Channel reports. The firm owned 7,224 shares of the company’s stock at the end of the second quarter. Tarbox Group Inc.’s holdings in HanesBrands were worth $182,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Magnetar Financial LLC bought a new position in shares of HanesBrands during the first quarter valued at approximately $218,000. Advisor Partners LLC raised its position in shares of 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 period. Mariner Wealth Advisors LLC bought a new position in shares of HanesBrands during the first quarter valued at approximately $227,000. Nikko Asset Management Americas Inc. bought a new position in shares of HanesBrands during the second quarter valued at approximately $229,000. Finally, Hancock Holding Co. bought a new position in shares of HanesBrands during the first quarter valued at approximately $239,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.
HanesBrands Inc. (NYSE:HBI) traded down 0.69% on Friday, reaching $24.53. 2,408,920 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $25.96 and a 200 day moving average of $26.76. HanesBrands Inc. has a 12 month low of $23.25 and a 12 month high of $33.24. The stock has a market capitalization of $9.27 billion, a PE ratio of 19.69 and a beta of 0.94.
HanesBrands (NYSE:HBI) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by $0.01. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.53 billion. HanesBrands had a return on equity of 59.48% and a net margin of 8.60%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 earnings per share. Equities analysts predict that HanesBrands Inc. will post $1.92 earnings per share for the current fiscal year.
Several equities analysts recently commented on HBI shares. Zacks Investment Research lowered shares of HanesBrands from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $35.00 price target on shares of HanesBrands in a research report on Tuesday, August 2nd. Cowen and Company lowered shares of HanesBrands from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $33.00 to $27.00 in a research report on Wednesday. Nomura reaffirmed a “sell” rating and set a $31.00 price target on shares of HanesBrands in a research report on Wednesday, July 6th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $37.00 price target on shares of HanesBrands in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $33.79.
In other HanesBrands news, CEO Richard A. Noll bought 20,000 shares of HanesBrands stock in a transaction on Tuesday, August 9th. The stock was purchased 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently 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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