Hanesbrands Inc. (HBI) Shares Sold by Regal Investment Advisors LLC

Regal Investment Advisors LLC decreased its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 11.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,397 shares of the textile maker’s stock after selling 11,984 shares during the period. Regal Investment Advisors LLC’s holdings in Hanesbrands were worth $1,897,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Brown Advisory Inc. raised its stake in shares of Hanesbrands by 0.8% in the fourth quarter. Brown Advisory Inc. now owns 29,815 shares of the textile maker’s stock valued at $643,000 after buying an additional 235 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Hanesbrands by 1,473.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 656,121 shares of the textile maker’s stock valued at $14,156,000 after buying an additional 614,433 shares in the last quarter. Aviva PLC raised its stake in shares of Hanesbrands by 6.3% in the fourth quarter. Aviva PLC now owns 246,710 shares of the textile maker’s stock valued at $5,324,000 after buying an additional 14,725 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Hanesbrands during the fourth quarter valued at about $216,000. Finally, FMR LLC raised its stake in shares of Hanesbrands by 64.8% in the fourth quarter. FMR LLC now owns 14,085,031 shares of the textile maker’s stock valued at $303,814,000 after buying an additional 5,538,124 shares in the last quarter. 93.62% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

Shares of Hanesbrands Inc. (NYSE HBI) traded down 1.96% on Tuesday, reaching $21.96. The company’s stock had a trading volume of 2,660,345 shares. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 15.86 and a beta of 0.72. Hanesbrands Inc. has a 12-month low of $18.91 and a 12-month high of $28.24. The company’s 50-day moving average is $21.45 and its 200 day moving average is $21.43.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Tuesday, May 2nd. The textile maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Hanesbrands had a return on equity of 65.05% and a net margin of 8.56%. Equities analysts anticipate that Hanesbrands Inc. will post $1.98 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 16th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.68%. The ex-dividend date was Friday, May 12th. Hanesbrands’s dividend payout ratio is presently 43.17%.

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Several equities research analysts have recently issued reports on the company. BidaskClub raised Hanesbrands from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Vetr downgraded Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $23.91 price target for the company. in a research note on Wednesday, April 19th. Morgan Stanley downgraded Hanesbrands from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 27th. Zacks Investment Research upgraded Hanesbrands from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Finally, FBR & Co reiterated a “buy” rating on shares of Hanesbrands in a research note on Saturday, April 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $28.08.

In other Hanesbrands news, insider W Howard Upchurch, Jr. sold 55,850 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $22.90, for a total transaction of $1,278,965.00. Following the completion of the sale, the insider now owns 579,663 shares of the company’s stock, valued at $13,274,282.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerald Evans sold 42,109 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $21.74, for a total value of $915,449.66. Following the sale, the chief executive officer now directly owns 1,061,098 shares of the company’s stock, valued at approximately $23,068,270.52. The disclosure for this sale can be found here. Insiders have sold 109,059 shares of company stock valued at $2,444,942 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

About Hanesbrands

Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HBI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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