Chevy Chase Trust Holdings Inc. Has $15.45 Million Holdings in Hanesbrands Inc. (HBI)
Chevy Chase Trust Holdings Inc. grew its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 0.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 701,437 shares of the textile maker’s stock after acquiring an additional 2,887 shares during the quarter. Chevy Chase Trust Holdings Inc.’s holdings in Hanesbrands were worth $15,446,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Duncker Streett & Co. Inc. boosted its position in Hanesbrands by 12.6% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 22,275 shares of the textile maker’s stock worth $490,000 after acquiring an additional 2,500 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in Hanesbrands by 22.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 14,846 shares of the textile maker’s stock worth $327,000 after acquiring an additional 2,725 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Hanesbrands by 3.0% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 114,523 shares of the textile maker’s stock worth $2,110,000 after acquiring an additional 3,346 shares during the period. OLD Second National Bank of Aurora boosted its position in Hanesbrands by 4.2% during the 2nd quarter. OLD Second National Bank of Aurora now owns 85,476 shares of the textile maker’s stock worth $1,882,000 after acquiring an additional 3,454 shares during the period. Finally, Banced Corp boosted its position in Hanesbrands by 23.6% during the 2nd quarter. Banced Corp now owns 19,449 shares of the textile maker’s stock worth $428,000 after acquiring an additional 3,715 shares during the period. Institutional investors own 98.62% of the company’s stock.
A number of research analysts have issued reports on HBI shares. B. Riley set a $30.00 price target on Hanesbrands and gave the stock a “buy” rating in a research report on Monday, May 14th. ValuEngine upgraded Hanesbrands from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 21st. DA Davidson reiterated a “buy” rating and set a $29.00 price target on shares of Hanesbrands in a research report on Monday, May 7th. Citigroup cut their price objective on Hanesbrands from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, May 2nd. Finally, Bank of America cut their price objective on Hanesbrands from $24.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.07.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Wednesday, August 1st. The textile maker reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Hanesbrands had a net margin of 0.58% and a return on equity of 78.67%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. equities analysts anticipate that Hanesbrands Inc. will post 1.77 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 5th. Stockholders of record on Tuesday, August 14th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, August 13th. Hanesbrands’s dividend payout ratio (DPR) is presently 31.09%.
In other news, insider Michael E. Faircloth sold 26,922 shares of the business’s stock in a transaction on Friday, June 8th. The stock was sold at an average price of $20.02, for a total transaction of $538,978.44. Following the sale, the insider now directly owns 234,433 shares of the company’s stock, valued at $4,693,348.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David V. Singer bought 31,230 shares of the business’s stock in a transaction dated Thursday, May 17th. The shares were bought at an average cost of $17.72 per share, for a total transaction of $553,395.60. Following the completion of the transaction, the director now directly owns 26,880 shares of the company’s stock, valued at $476,313.60. The disclosure for this purchase can be found here. Insiders have bought 70,620 shares of company stock worth $1,244,864 over the last ninety days. 1.06% of the stock is owned by insiders.
Hanesbrands Company Profile
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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