WINTON GROUP Ltd decreased its position in shares of Hanesbrands Inc. (NYSE:HBI) by 23.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,835 shares of the textile maker’s stock after selling 4,859 shares during the period. WINTON GROUP Ltd’s holdings in Hanesbrands were worth $331,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in Hanesbrands by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 3,690,655 shares of the textile maker’s stock worth $77,003,000 after purchasing an additional 102,520 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Hanesbrands by 12.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 204,538 shares of the textile maker’s stock worth $4,277,000 after purchasing an additional 21,852 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in Hanesbrands in the 4th quarter worth $261,000. Lazard Asset Management LLC lifted its stake in Hanesbrands by 3,382.8% in the 4th quarter. Lazard Asset Management LLC now owns 174,141 shares of the textile maker’s stock worth $3,640,000 after purchasing an additional 169,141 shares in the last quarter. Finally, Reliance Trust Co. of Delaware lifted its stake in Hanesbrands by 51.2% in the 4th quarter. Reliance Trust Co. of Delaware now owns 16,948 shares of the textile maker’s stock worth $355,000 after purchasing an additional 5,742 shares in the last quarter. Institutional investors own 98.68% of the company’s stock.
Several brokerages have commented on HBI. ValuEngine cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Deutsche Bank set a $27.00 price target on shares of Hanesbrands and gave the stock a “buy” rating in a research note on Friday, February 9th. Barclays boosted their price target on shares of Hanesbrands from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Zacks Investment Research cut shares of Hanesbrands from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Finally, Citigroup decreased their price target 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. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Hanesbrands presently has a consensus rating of “Hold” and a consensus target price of $25.12.
Shares of Hanesbrands Inc. (NYSE:HBI) opened at $19.77 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 0.85 and a debt-to-equity ratio of 5.40. The stock has a market cap of $7,258.90, a PE ratio of 10.39, a PEG ratio of 1.27 and a beta of 0.77. Hanesbrands Inc. has a 1 year low of $18.57 and a 1 year high of $25.73.
Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, February 8th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The firm 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 period in the prior year, the company earned $0.53 EPS. sell-side analysts anticipate that Hanesbrands Inc. will post 1.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, February 16th. This represents a $0.60 annualized dividend and a yield of 3.03%. Hanesbrands’s payout ratio is 400.00%.
COPYRIGHT VIOLATION NOTICE: “WINTON GROUP Ltd Has $331,000 Position in Hanesbrands Inc. (HBI)” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/3261239/winton-group-ltd-has-331000-position-in-hanesbrands-inc-hbi.html.
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.
Want to see what other hedge funds are holding HBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanesbrands Inc. (NYSE:HBI).
Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.