Vanguard Group Inc. boosted its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 1.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,263,259 shares of the textile maker’s stock after acquiring an additional 495,670 shares during the period. Vanguard Group Inc. owned 0.11% of Hanesbrands worth $693,333,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of HBI. Rational Advisors LLC grew its stake in 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 grew its stake in 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 purchased a new position in Hanesbrands during the second quarter valued at $49,000. Redhawk Wealth Advisors Inc. purchased a new position in Hanesbrands during the second quarter valued at $49,000. Finally, Investors Research Corp grew its stake in 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. 90.22% of the stock is owned by institutional investors.
A number of equities analysts have commented on HBI shares. ValuEngine cut shares of Hanesbrands from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. Bank of America dropped their price objective on shares of Hanesbrands from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. UBS Group dropped their price objective on shares of Hanesbrands from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Finally, Citigroup dropped their price objective on shares of Hanesbrands from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $17.56.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, August 1st. The textile maker reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Hanesbrands had a net margin of 8.13% and a return on equity of 63.57%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period last year, the company posted $0.45 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that Hanesbrands Inc. will post 1.76 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were paid a $0.15 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.02%. Hanesbrands’s payout ratio is currently 35.09%.
In other news, insider Joia M. Johnson bought 7,100 shares of the stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average price of $13.97 per share, for a total transaction of $99,187.00. Following the acquisition, the insider now owns 115,830 shares of the company’s stock, valued at $1,618,145.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gerald Evans bought 10,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average price of $14.74 per share, with a total value of $147,400.00. Following the acquisition, the chief executive officer now directly owns 1,655,880 shares in the company, valued at approximately $24,407,671.20. The disclosure for this purchase can be found here. Company insiders own 1.04% of the company’s stock.
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.
Further Reading: How does a dividend reinvestment plan work?
Want to see what other hedge funds are holding HBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanesbrands Inc. (NYSE:HBI).
Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.