Kendall Capital Management acquired a new stake in Hanesbrands Inc. (NYSE:HBI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 52,330 shares of the textile maker’s stock, valued at approximately $1,094,000.
A number of other large investors have also recently modified their holdings of the stock. Engine Capital Management LLC acquired a new position in Hanesbrands during the 3rd quarter valued at about $106,000. Valeo Financial Advisors LLC acquired a new position in Hanesbrands during the 3rd quarter valued at about $138,000. Global Trust Asset Management LLC acquired a new position in Hanesbrands during the 4th quarter valued at about $134,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in Hanesbrands during the 4th quarter valued at about $134,000. Finally, Invictus RG increased its stake in Hanesbrands by 2,075.8% during the 3rd quarter. Invictus RG now owns 6,484 shares of the textile maker’s stock valued at $160,000 after buying an additional 6,186 shares during the period. Hedge funds and other institutional investors own 97.77% of the company’s stock.
Several research firms have commented on HBI. B. Riley lowered their target price on shares of Hanesbrands from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Wells Fargo & Co set a $20.00 target price on shares of Hanesbrands and gave the company a “hold” rating in a research note on Friday, February 9th. Citigroup lowered their target price on shares of Hanesbrands from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Deutsche Bank set a $27.00 target price on shares of Hanesbrands and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, ValuEngine cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $25.60.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, February 8th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Hanesbrands had a net margin of 0.96% and a return on equity of 72.30%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. research analysts expect that Hanesbrands Inc. will post 1.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Friday, February 16th. Hanesbrands’s dividend payout ratio (DPR) is currently 400.00%.
In other news, insider W Howard Upchurch, Jr. sold 51,743 shares of Hanesbrands stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $20.70, for a total value of $1,071,080.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.
Hanesbrands Company Profile
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.
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