TD Asset Management Inc. Has $4.06 Million Position in Hanesbrands Inc. (HBI)

TD Asset Management Inc. boosted its holdings in Hanesbrands Inc. (NYSE:HBI) by 13.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 164,781 shares of the textile maker’s stock after purchasing an additional 19,514 shares during the quarter. TD Asset Management Inc.’s holdings in Hanesbrands were worth $4,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HBI. Russell Investments Group Ltd. increased its stake in Hanesbrands by 33.6% in the second quarter. Russell Investments Group Ltd. now owns 192,393 shares of the textile maker’s stock valued at $4,456,000 after purchasing an additional 48,366 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Hanesbrands by 87.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 22,680 shares of the textile maker’s stock valued at $525,000 after purchasing an additional 10,580 shares during the last quarter. NGAM Advisors L.P. increased its stake in Hanesbrands by 7.6% in the second quarter. NGAM Advisors L.P. now owns 123,951 shares of the textile maker’s stock valued at $2,871,000 after purchasing an additional 8,737 shares during the last quarter. CIBC Asset Management Inc increased its stake in Hanesbrands by 0.3% in the second quarter. CIBC Asset Management Inc now owns 36,700 shares of the textile maker’s stock valued at $850,000 after purchasing an additional 106 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in Hanesbrands by 30.0% in the second quarter. IFP Advisors Inc now owns 12,723 shares of the textile maker’s stock valued at $295,000 after purchasing an additional 2,934 shares during the last quarter. Hedge funds and other institutional investors own 96.92% of the company’s stock.

Several research firms recently commented on HBI. Deutsche Bank began coverage on Hanesbrands in a research note on Monday, October 23rd. They issued a “buy” rating and a $29.00 target price for the company. Zacks Investment Research upgraded Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Monday, October 9th. Stifel Nicolaus restated a “hold” rating and set a $23.00 price target on shares of Hanesbrands in a research note on Tuesday, September 26th. Instinet lowered Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a research note on Thursday, September 21st. Finally, TheStreet lowered Hanesbrands from a “b” rating to a “c+” rating in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. Hanesbrands currently has a consensus rating of “Hold” and an average price target of $26.13.

Shares of Hanesbrands Inc. (NYSE:HBI) traded down $0.14 during midday trading on Thursday, hitting $20.54. The stock had a trading volume of 8,306,100 shares, compared to its average volume of 5,280,435. Hanesbrands Inc. has a 52 week low of $18.90 and a 52 week high of $25.73. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.88 and a quick ratio of 0.85. The stock has a market capitalization of $7,539.60, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 1.18 and a beta of 0.70.

Hanesbrands (NYSE:HBI) last issued its earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year. sell-side analysts expect that Hanesbrands Inc. will post 1.94 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Monday, November 13th. Hanesbrands’s payout ratio is 37.04%.

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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.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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