Natixis Advisors L.P. lowered its position in shares of Hanesbrands Inc. (NYSE:HBI) by 23.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,832 shares of the textile maker’s stock after selling 30,301 shares during the quarter. Natixis Advisors L.P.’s holdings in Hanesbrands were worth $1,238,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Hanesbrands by 1.2% in the third quarter. Vanguard Group Inc. now owns 38,210,795 shares of the textile maker’s stock worth $704,224,000 after buying an additional 437,526 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Hanesbrands by 1.2% in the third quarter. Vanguard Group Inc now owns 38,210,795 shares of the textile maker’s stock worth $704,224,000 after buying an additional 437,526 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Hanesbrands by 3.7% in the fourth quarter. BlackRock Inc. now owns 24,750,735 shares of the textile maker’s stock worth $310,126,000 after buying an additional 887,593 shares in the last quarter. Parnassus Investments CA lifted its holdings in shares of Hanesbrands by 0.5% in the fourth quarter. Parnassus Investments CA now owns 17,136,129 shares of the textile maker’s stock worth $214,716,000 after buying an additional 80,397 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its holdings in shares of Hanesbrands by 2.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 10,992,838 shares of the textile maker’s stock worth $137,740,000 after buying an additional 271,961 shares in the last quarter. 96.99% of the stock is currently owned by institutional investors and hedge funds.
HBI stock opened at $16.92 on Monday. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 3.64. Hanesbrands Inc. has a twelve month low of $11.57 and a twelve month high of $22.57. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.96 and a beta of 0.95.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 19th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Friday, February 15th. Hanesbrands’s dividend payout ratio (DPR) is 35.09%.
Several equities analysts have recently commented on the stock. Barclays set a $19.00 target price on shares of Hanesbrands and gave the stock a “hold” rating in a report on Saturday, February 9th. ValuEngine upgraded shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a research report on Friday, February 8th. Zacks Investment Research upgraded shares of Hanesbrands from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Wells Fargo & Co reduced their price target on shares of Hanesbrands from $18.00 to $14.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 2nd. Finally, Citigroup boosted their price target on shares of Hanesbrands from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, December 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.53.
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.
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