Canada Pension Plan Investment Board boosted its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 423.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 367,037 shares of the textile maker’s stock after purchasing an additional 296,900 shares during the period. Canada Pension Plan Investment Board owned approximately 0.10% of Hanesbrands worth $4,599,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Hartford Investment Management Co. grew its position in Hanesbrands by 1.1% during the 4th quarter. Hartford Investment Management Co. now owns 62,904 shares of the textile maker’s stock worth $788,000 after purchasing an additional 698 shares during the last quarter. Banced Corp grew its position in Hanesbrands by 3.7% during the 4th quarter. Banced Corp now owns 21,075 shares of the textile maker’s stock worth $264,000 after purchasing an additional 759 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Hanesbrands by 8.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 13,118 shares of the textile maker’s stock worth $164,000 after purchasing an additional 1,000 shares during the last quarter. ETF Managers Group LLC grew its position in Hanesbrands by 20.1% during the 4th quarter. ETF Managers Group LLC now owns 7,339 shares of the textile maker’s stock worth $92,000 after purchasing an additional 1,226 shares during the last quarter. Finally, Private Capital Group LLC grew its position in Hanesbrands by 33.9% during the 4th quarter. Private Capital Group LLC now owns 5,120 shares of the textile maker’s stock worth $64,000 after purchasing an additional 1,296 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors.
HBI has been the topic of several research reports. Wells Fargo & Co lowered their price objective on shares of Hanesbrands from $18.00 to $14.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 2nd. Deutsche Bank downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $24.00 to $16.00 in a research report on Friday, January 11th. Zacks Investment Research downgraded shares of Hanesbrands from a “hold” rating to a “sell” rating in a research report on Monday, January 28th. Barclays set a $16.00 target price on shares of Hanesbrands and gave the company a “hold” rating in a report on Friday, January 11th. Finally, Bank of America lowered their target price on shares of Hanesbrands from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, November 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $20.53.
In related news, insider W Howard Upchurch, Jr. sold 40,688 shares of the business’s stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $14.81, for a total transaction of $602,589.28. Following the sale, the insider now owns 453,282 shares of the company’s stock, valued at $6,713,106.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jessica Tuchman Mathews sold 15,000 shares of the business’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $13.57, for a total transaction of $203,550.00. Following the sale, the director now directly owns 139,693 shares in the company, valued at approximately $1,895,634.01. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by insiders.
Shares of NYSE:HBI opened at $18.59 on Friday. The stock has a market capitalization of $6.79 billion, a PE ratio of 10.87, a PEG ratio of 1.09 and a beta of 0.86. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 3.64. Hanesbrands Inc. has a fifty-two week low of $11.57 and a fifty-two week high of $22.57.
Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, February 7th. The textile maker reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. Hanesbrands had a net margin of 8.13% and a return on equity of 76.43%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. On average, equities analysts predict that Hanesbrands Inc. will post 1.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Tuesday, February 19th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Friday, February 15th. Hanesbrands’s dividend payout ratio is currently 35.09%.
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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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