Janney Capital Management LLC bought a new position in shares of Hanesbrands Inc. (NYSE:HBI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 30,500 shares of the textile maker’s stock, valued at approximately $751,000.
Other institutional investors also recently bought and sold shares of the company. Archford Capital Strategies LLC lifted its position in shares of Hanesbrands by 283.4% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock worth $141,000 after buying an additional 1,247 shares during the period. IHT Wealth Management LLC lifted its position in shares of Hanesbrands by 101.1% during the 2nd quarter. IHT Wealth Management LLC now owns 2,652 shares of the textile maker’s stock worth $159,000 after buying an additional 1,333 shares during the period. Engine Capital Management LLC bought a new position in shares of Hanesbrands during the 3rd quarter worth approximately $106,000. QS Investors LLC lifted its position in shares of Hanesbrands by 2.8% during the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after buying an additional 140 shares during the period. Finally, Valeo Financial Advisors LLC bought a new position in shares of Hanesbrands during the 3rd quarter worth approximately $138,000. Institutional investors and hedge funds own 96.92% of the company’s stock.
HBI has been the subject of several research analyst reports. Deutsche Bank initiated coverage on Hanesbrands in a research report on Monday, October 23rd. They issued a “buy” rating and a $29.00 price objective for the company. ValuEngine downgraded Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. B. Riley reiterated a “buy” rating on shares of Hanesbrands in a research report on Thursday, November 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 price objective on shares of Hanesbrands in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.13.
Hanesbrands Inc. (NYSE HBI) traded down $0.10 during mid-day trading on Tuesday, hitting $20.65. The stock had a trading volume of 6,359,700 shares, compared to its average volume of 5,285,420. The company has a market capitalization of $7,565.12, a P/E ratio of 10.64, a P/E/G ratio of 1.19 and a beta of 0.70. Hanesbrands Inc. has a 12 month low of $18.90 and a 12 month high of $25.73. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90.
Hanesbrands (NYSE:HBI) last released its earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.80 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 earnings per share. analysts predict that Hanesbrands Inc. will post 1.94 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th were given a dividend of $0.15 per share. The ex-dividend date was Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.91%. Hanesbrands’s payout ratio is currently 37.04%.
Hanesbrands Company Profile
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.