Garrison Financial Corp Purchases New Holdings in Hanesbrands Inc. (HBI)

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Garrison Financial Corp purchased a new stake in Hanesbrands Inc. (NYSE:HBI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 61,165 shares of the textile maker’s stock, valued at approximately $1,544,000.

Other institutional investors have also added to or reduced their stakes in the company. Capital Investment Advisory Services LLC acquired a new stake in Hanesbrands in the fourth quarter worth about $36,000. Atlas Capital Advisors LLC acquired a new stake in Hanesbrands in the fourth quarter worth about $39,000. Clean Yield Group acquired a new stake in Hanesbrands in the fourth quarter worth about $55,000. Private Capital Group LLC increased its position in Hanesbrands by 33.9% in the fourth quarter. Private Capital Group LLC now owns 5,120 shares of the textile maker’s stock worth $64,000 after purchasing an additional 1,296 shares during the period. Finally, ETF Managers Group LLC increased its position in Hanesbrands by 20.1% in the fourth quarter. ETF Managers Group LLC now owns 7,339 shares of the textile maker’s stock worth $92,000 after purchasing an additional 1,226 shares during the period.

Shares of HBI opened at $18.39 on Tuesday. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.73 and a quick ratio of 0.72. Hanesbrands Inc. has a 52-week low of $11.57 and a 52-week high of $22.57. The company has a market capitalization of $6.44 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 1.01 and a beta of 0.86.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, February 7th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Hanesbrands had a return on equity of 76.43% and a net margin of 8.13%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the firm earned $0.52 EPS. Hanesbrands’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts forecast that Hanesbrands Inc. will post 1.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Tuesday, February 19th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 15th. This represents a $0.60 annualized dividend and a dividend yield of 3.26%. Hanesbrands’s dividend payout ratio is presently 35.09%.

In other Hanesbrands news, CFO Barry Hytinen acquired 10,100 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average cost of $14.59 per share, for a total transaction of $147,359.00. Following the transaction, the chief financial officer now owns 91,238 shares of the company’s stock, valued at $1,331,162.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerald Evans acquired 6,500 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was acquired at an average price of $14.98 per share, with a total value of $97,370.00. Following the completion of the transaction, the chief executive officer now directly owns 1,392,949 shares in the company, valued at approximately $20,866,376.02. The disclosure for this purchase can be found here. Insiders purchased a total of 36,600 shares of company stock valued at $541,329 over the last quarter. 1.06% of the stock is owned by insiders.

HBI has been the subject of several analyst reports. Standpoint Research initiated coverage on Hanesbrands in a research report on Tuesday, October 23rd. They set a “buy” rating and a $20.00 target price for the company. Wells Fargo & Co decreased their target price on Hanesbrands from $18.00 to $14.00 and set a “market perform” rating for the company in a research report on Wednesday, January 2nd. Deutsche Bank lowered Hanesbrands from a “buy” rating to a “hold” rating and decreased their target price for the stock from $24.00 to $16.00 in a research report on Friday, January 11th. Zacks Investment Research lowered Hanesbrands from a “hold” rating to a “sell” rating in a research report on Monday, January 28th. Finally, Barclays set a $16.00 target price on Hanesbrands and gave the stock a “hold” rating in a research report on Friday, January 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $20.53.

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Hanesbrands Company Profile

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.

Further Reading: Quiet Period

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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