Intrepid Capital Management Inc. Has $9.03 Million Stock Position in Hanesbrands Inc. (NYSE:HBI)

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Intrepid Capital Management Inc. grew its position in shares of Hanesbrands Inc. (NYSE:HBI) by 280.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 524,210 shares of the textile maker’s stock after acquiring an additional 386,460 shares during the quarter. Hanesbrands comprises 4.1% of Intrepid Capital Management Inc.’s holdings, making the stock its 5th largest holding. Intrepid Capital Management Inc. owned 0.14% of Hanesbrands worth $9,027,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rational Advisors LLC increased its holdings in shares of Hanesbrands by 254.6% during the first quarter. Rational Advisors LLC now owns 1,585 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 1,138 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Hanesbrands by 511.7% during the second quarter. Golden State Wealth Management LLC now owns 2,514 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 2,103 shares in the last quarter. Private Ocean LLC bought a new stake in shares of Hanesbrands during the second quarter valued at approximately $49,000. Redhawk Wealth Advisors Inc. bought a new stake in shares of Hanesbrands during the second quarter valued at approximately $49,000. Finally, Investors Research Corp increased its holdings in shares of Hanesbrands by 22.2% during the second quarter. Investors Research Corp now owns 3,300 shares of the textile maker’s stock valued at $57,000 after acquiring an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Shares of NYSE:HBI opened at $16.05 on Friday. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 2.03 and a beta of 1.13. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 3.56. Hanesbrands Inc. has a 12-month low of $11.57 and a 12-month high of $19.38. The business’s 50 day moving average is $14.53 and its 200 day moving average is $16.65.

Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, August 1st. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Hanesbrands had a return on equity of 63.57% and a net margin of 8.13%. Hanesbrands’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, equities research analysts expect that Hanesbrands Inc. will post 1.76 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.60 annualized dividend and a yield of 3.74%. Hanesbrands’s dividend payout ratio is currently 35.09%.

In other Hanesbrands news, CEO Gerald Evans acquired 10,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of $14.74 per share, with a total value of $147,400.00. Following the completion of the transaction, the chief executive officer now owns 1,655,880 shares in the company, valued at $24,407,671.20. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Joia M. Johnson acquired 7,100 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average cost of $13.97 per share, for a total transaction of $99,187.00. Following the transaction, the insider now owns 115,830 shares of the company’s stock, valued at approximately $1,618,145.10. The disclosure for this purchase can be found here. 1.04% of the stock is currently owned by insiders.

HBI has been the topic of several analyst reports. Bank of America cut their target price on Hanesbrands from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Citigroup cut their target price on Hanesbrands from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. ValuEngine cut Hanesbrands from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. Finally, UBS Group cut their target price on Hanesbrands from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Hanesbrands has an average rating of “Hold” and an average target price of $17.56.

About Hanesbrands

Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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