Evanston Investments Inc. dba Evanston Advisors Takes Position in Hanesbrands Inc. (HBI)
Evanston Investments Inc. dba Evanston Advisors bought a new position in Hanesbrands Inc. (NYSE:HBI) in the third quarter, according to its most recent filing with the SEC. The firm bought 305,660 shares of the textile maker’s stock, valued at approximately $7,531,000. Evanston Investments Inc. dba Evanston Advisors owned approximately 0.08% of Hanesbrands as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in HBI. QS Investors LLC boosted its stake in Hanesbrands by 2.8% in the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after purchasing an additional 140 shares in the last quarter. Archford Capital Strategies LLC raised its position in 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 last quarter. Commonwealth Bank of Australia raised its position in Hanesbrands by 19.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 6,598 shares of the textile maker’s stock worth $152,000 after buying an additional 1,062 shares during the last quarter. IHT Wealth Management LLC raised its position in 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 last quarter. Finally, Highstreet Asset Management Inc. purchased a new position in Hanesbrands during the 3rd quarter worth approximately $181,000. Institutional investors own 95.96% of the company’s stock.
Hanesbrands Inc. (NYSE HBI) remained flat at $$19.82 during trading hours on Monday. 1,619,600 shares of the company traded hands, compared to its average volume of 5,143,529. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $7,226.06, a PE ratio of 10.16, a price-to-earnings-growth ratio of 1.13 and a beta of 0.73. Hanesbrands Inc. has a 12-month low of $18.90 and a 12-month high of $25.73.
Hanesbrands (NYSE:HBI) last posted its earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.80 billion. Hanesbrands had a net margin of 11.30% and a return on equity of 70.64%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 EPS. sell-side analysts anticipate that Hanesbrands Inc. will post 1.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Monday, November 13th. Hanesbrands’s dividend payout ratio (DPR) is 37.04%.
A number of research firms have issued reports on HBI. Deutsche Bank AG began coverage on shares of Hanesbrands in a research report on Monday, October 23rd. They set a “buy” rating and a $29.00 price target for the company. Zacks Investment Research raised shares of Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Monday, October 9th. Vetr lowered shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price target for the company. in a research report on Monday, August 7th. Stifel Nicolaus reissued a “hold” rating and set a $23.00 price target on shares of Hanesbrands in a research report on Tuesday, September 26th. Finally, Instinet lowered shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a research report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $26.13.
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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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