Pinkerton Retirement Specialists LLC lifted its holdings in Hanesbrands Inc. (NYSE:HBI) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,313 shares of the textile maker’s stock after buying an additional 911 shares during the quarter. Pinkerton Retirement Specialists LLC’s holdings in Hanesbrands were worth $1,370,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Epoch Investment Partners Inc. grew its position in Hanesbrands by 121.6% during the 3rd quarter. Epoch Investment Partners Inc. now owns 9,707,111 shares of the textile maker’s stock valued at $178,902,000 after purchasing an additional 5,325,828 shares during the last quarter. Teachers Advisors LLC grew its position in Hanesbrands by 449.4% during the 3rd quarter. Teachers Advisors LLC now owns 3,268,691 shares of the textile maker’s stock valued at $60,242,000 after purchasing an additional 2,673,729 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Hanesbrands by 204.0% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 2,998,646 shares of the textile maker’s stock valued at $55,265,000 after purchasing an additional 2,012,254 shares during the last quarter. New South Capital Management Inc. grew its position in Hanesbrands by 40.2% during the 3rd quarter. New South Capital Management Inc. now owns 6,633,314 shares of the textile maker’s stock valued at $122,252,000 after purchasing an additional 1,903,491 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in Hanesbrands by 15.7% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 10,720,877 shares of the textile maker’s stock valued at $197,586,000 after purchasing an additional 1,451,243 shares during the last quarter. 96.99% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently commented on HBI shares. Citigroup increased their price objective on shares of Hanesbrands from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, December 3rd. Wells Fargo & Co dropped their price target on shares of Hanesbrands from $18.00 to $14.00 and set a “market perform” rating on the stock in a report on Wednesday, January 2nd. Zacks Investment Research downgraded shares of Hanesbrands from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Deutsche Bank downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating and dropped their price target for the company from $24.00 to $16.00 in a report on Friday, January 11th. Finally, Barclays set a $16.00 price target on shares of Hanesbrands and gave the company a “hold” rating in a report on Friday, January 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Hanesbrands currently has a consensus rating of “Hold” and an average price target of $20.53.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, February 7th. The textile maker reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Hanesbrands had a net margin of 8.13% and a return on equity of 76.43%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Analysts expect that Hanesbrands Inc. will post 1.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 19th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Friday, February 15th. Hanesbrands’s dividend payout ratio (DPR) is presently 35.09%.
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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.
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