First Allied Advisory Services Inc. Increases Position in Hanesbrands Inc. (HBI)
First Allied Advisory Services Inc. boosted its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 139.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,507 shares of the textile maker’s stock after acquiring an additional 50,951 shares during the period. First Allied Advisory Services Inc.’s holdings in Hanesbrands were worth $2,160,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. grew its stake in Hanesbrands by 0.8% during the 2nd quarter. BlackRock Inc. now owns 23,050,392 shares of the textile maker’s stock valued at $533,848,000 after acquiring an additional 174,498 shares in the last quarter. State Street Corp boosted its holdings in Hanesbrands by 0.9% in the 2nd quarter. State Street Corp now owns 15,512,816 shares of the textile maker’s stock valued at $359,281,000 after purchasing an additional 136,465 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Hanesbrands by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 5,977,411 shares of the textile maker’s stock valued at $147,284,000 after purchasing an additional 169,250 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Hanesbrands by 33.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,638,005 shares of the textile maker’s stock valued at $114,282,000 after purchasing an additional 1,159,722 shares during the last quarter. Finally, Check Capital Management Inc. CA boosted its holdings in Hanesbrands by 100.0% in the 3rd quarter. Check Capital Management Inc. CA now owns 4,413,635 shares of the textile maker’s stock valued at $108,752,000 after purchasing an additional 2,207,066 shares during the last quarter. 96.92% of the stock is owned by institutional investors.
Several research firms have weighed in on HBI. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 target price on shares of Hanesbrands in a report on Tuesday, September 26th. Oppenheimer reiterated a “buy” rating on shares of Hanesbrands in a report on Wednesday, October 18th. BidaskClub lowered shares of Hanesbrands from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Vetr upgraded shares of Hanesbrands from a “buy” rating to a “strong-buy” rating and set a $26.36 target price on the stock in a report on Monday, August 21st. Finally, Cowen set a $22.00 target price on shares of Hanesbrands and gave the company a “hold” rating in a report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $26.13.
Hanesbrands Inc. (NYSE HBI) opened at $20.75 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 2.90. Hanesbrands Inc. has a fifty-two week low of $18.90 and a fifty-two week high of $25.73. The company has a market cap of $7,503.14, a P/E ratio of 10.55, a PEG ratio of 1.18 and a beta of 0.70.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business posted $0.56 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. research analysts anticipate that Hanesbrands Inc. will post 1.94 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.89%. Hanesbrands’s dividend payout ratio (DPR) is presently 37.04%.
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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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