30,500 Shares in Hanesbrands Inc. (HBI) Acquired by Janney Capital Management LLC

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%.

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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.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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