Comerica Bank decreased its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 19.6% in the third quarter, HoldingsChannel reports. The firm owned 72,294 shares of the textile maker’s stock after selling 17,622 shares during the period. Comerica Bank’s holdings in Hanesbrands were worth $1,205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HBI. Epoch Investment Partners Inc. increased its stake in shares of Hanesbrands by 688.1% during the second quarter. Epoch Investment Partners Inc. now owns 4,381,283 shares of the textile maker’s stock valued at $96,476,000 after purchasing an additional 3,825,344 shares in the last quarter. Parnassus Investments CA increased its stake in shares of Hanesbrands by 11.5% during the second quarter. Parnassus Investments CA now owns 16,280,808 shares of the textile maker’s stock valued at $358,503,000 after purchasing an additional 1,680,808 shares in the last quarter. Millennium Management LLC increased its stake in shares of Hanesbrands by 113.5% during the second quarter. Millennium Management LLC now owns 3,044,642 shares of the textile maker’s stock valued at $67,043,000 after purchasing an additional 1,618,879 shares in the last quarter. Investec Asset Management LTD bought a new position in shares of Hanesbrands during the second quarter valued at approximately $32,830,000. Finally, BlackRock Inc. increased its stake in shares of Hanesbrands by 4.5% during the second quarter. BlackRock Inc. now owns 23,662,833 shares of the textile maker’s stock valued at $521,053,000 after purchasing an additional 1,028,890 shares in the last quarter.

In related news, Director Jessica Tuchman Mathews sold 2,115 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $16.54, for a total value of $34,982.10. Following the sale, the director now owns 132,129 shares in the company, valued at $2,185,413.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Barry Hytinen bought 10,100 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was bought at an average price of $14.59 per share, for a total transaction of $147,359.00. Following the acquisition, the chief financial officer now directly owns 91,238 shares of the company’s stock, valued at approximately $1,331,162.42. The disclosure for this purchase can be found here. Insiders have purchased 61,600 shares of company stock valued at $940,079 in the last three months. 1.06% of the stock is owned by insiders.

Shares of HBI opened at $15.70 on Friday. The company has a market cap of $5.57 billion, a P/E ratio of 8.13, a PEG ratio of 0.89 and a beta of 0.36. The company has a quick ratio of 0.79, a current ratio of 1.84 and a debt-to-equity ratio of 4.44. Hanesbrands Inc. has a twelve month low of $14.39 and a twelve month high of $23.33.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, November 1st. The textile maker reported $0.55 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.87 billion. Hanesbrands had a net margin of 0.10% and a return on equity of 85.49%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. On average, sell-side analysts anticipate that Hanesbrands Inc. will post 1.73 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Investors of record on Tuesday, November 13th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Friday, November 9th. Hanesbrands’s dividend payout ratio (DPR) is currently 31.09%.

A number of equities analysts have weighed in on HBI shares. Buckingham Research decreased their target price on shares of Hanesbrands from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, August 16th. Macquarie reduced their price target on shares of Hanesbrands from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Thursday, August 23rd. Standpoint Research began coverage on shares of Hanesbrands in a research report on Tuesday, October 23rd. They set a “buy” rating and a $20.00 price target for the company. Zacks Investment Research raised shares of Hanesbrands from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, Barclays set a $18.00 price target on shares of Hanesbrands and gave the company a “hold” rating in a research report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $21.60.

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About Hanesbrands

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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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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