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.

TRADEMARK VIOLATION WARNING: “Evanston Investments Inc. dba Evanston Advisors Takes Position in Hanesbrands Inc. (HBI)” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.watchlistnews.com/evanston-investments-inc-dba-evanston-advisors-takes-position-in-hanesbrands-inc-hbi/1729239.html.

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.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

Receive News & Ratings for Hanesbrands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.