Woodstock Corp Sells 900 Shares of Hanesbrands Inc. (NYSE:HBI)

Woodstock Corp reduced its holdings in Hanesbrands Inc. (NYSE:HBI) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,131 shares of the textile maker’s stock after selling 900 shares during the quarter. Woodstock Corp owned 0.05% of Hanesbrands worth $2,897,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in HBI. Golden State Wealth Management LLC grew 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 worth $43,000 after buying an additional 2,103 shares in the last quarter. Private Ocean LLC bought a new position in shares of Hanesbrands during the second quarter worth about $49,000. Redhawk Wealth Advisors Inc. bought a new position in shares of Hanesbrands during the second quarter worth about $49,000. Stonebridge Capital Advisors LLC bought a new position in shares of Hanesbrands during the second quarter worth about $49,000. Finally, Investors Research Corp grew 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 worth $57,000 after buying an additional 600 shares in the last quarter. Institutional investors own 90.22% of the company’s stock.

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

HBI has been the subject of a number of research reports. Bank of America decreased their price objective on Hanesbrands from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. UBS Group decreased their price objective on Hanesbrands from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Citigroup decreased their price objective on Hanesbrands from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, ValuEngine upgraded Hanesbrands from a “strong sell” rating to a “sell” rating in a report on Wednesday. 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 stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.56.

HBI stock traded up $0.13 during mid-day trading on Thursday, reaching $14.50. The company had a trading volume of 4,029,070 shares, compared to its average volume of 5,551,593. The company has a debt-to-equity ratio of 3.56, a current ratio of 1.77 and a quick ratio of 0.69. The stock has a 50 day simple moving average of $14.36 and a two-hundred day simple moving average of $16.30. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 2.00 and a beta of 1.16. Hanesbrands Inc. has a 52 week low of $11.57 and a 52 week high of $19.38.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, August 1st. The textile maker reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. Hanesbrands had a return on equity of 63.57% and a net margin of 8.13%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. On average, equities analysts predict that Hanesbrands Inc. will post 1.76 EPS for the current year.

The business also recently declared 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 yield of 4.14%. Hanesbrands’s dividend payout ratio is 35.09%.

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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