CSat Investment Advisory L.P. lifted its position in shares of Hanesbrands Inc. (NYSE:HBI) by 2,860.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,884 shares of the textile maker’s stock after purchasing an additional 53,030 shares during the period. CSat Investment Advisory L.P.’s holdings in Hanesbrands were worth $688,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. increased its stake in Hanesbrands by 203.7% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 403,879 shares of the textile maker’s stock valued at $5,062,000 after purchasing an additional 270,882 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Hanesbrands during the fourth quarter valued at $273,000. Gotham Asset Management LLC bought a new stake in Hanesbrands during the fourth quarter valued at $3,923,000. RWC Asset Management LLP increased its stake in Hanesbrands by 8.5% during the fourth quarter. RWC Asset Management LLP now owns 411,319 shares of the textile maker’s stock valued at $5,153,000 after purchasing an additional 32,230 shares during the last quarter. Finally, Squarepoint Ops LLC increased its stake in Hanesbrands by 814.7% during the fourth quarter. Squarepoint Ops LLC now owns 992,830 shares of the textile maker’s stock valued at $12,440,000 after purchasing an additional 884,292 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have weighed in on HBI. ValuEngine upgraded shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a research note on Friday, February 8th. Barclays set a $19.00 target price on shares of Hanesbrands and gave the company a “hold” rating in a research note on Saturday, February 9th. Citigroup boosted their target price on shares of Hanesbrands from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, December 3rd. Zacks Investment Research upgraded shares of Hanesbrands from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Deutsche Bank lowered shares of Hanesbrands from a “buy” rating to a “hold” rating and lowered their target price for the company from $24.00 to $16.00 in a research note on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.53.
Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, February 7th. The textile maker reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. Hanesbrands had a net margin of 8.13% and a return on equity of 76.43%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Equities research analysts predict that Hanesbrands Inc. will post 1.75 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 19th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 15th. This represents a $0.60 annualized dividend and a dividend yield of 3.37%. Hanesbrands’s dividend payout ratio is currently 35.09%.
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.
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