FTB Advisors Inc. boosted its position in shares of Hanesbrands Inc. (NYSE:HBI) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,393 shares of the textile maker’s stock after purchasing an additional 166 shares during the period. FTB Advisors Inc.’s holdings in Hanesbrands were worth $263,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Lazard Asset Management LLC grew its holdings in Hanesbrands by 25.0% during the 1st quarter. Lazard Asset Management LLC now owns 5,000 shares of the textile maker’s stock valued at $103,000 after purchasing an additional 1,000 shares during the last quarter. QS Investors LLC grew its holdings in Hanesbrands by 2.8% during the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 140 shares during the last quarter. Van ECK Associates Corp grew its holdings in Hanesbrands by 7.4% during the 1st quarter. Van ECK Associates Corp now owns 5,995 shares of the textile maker’s stock valued at $124,000 after purchasing an additional 415 shares during the last quarter. Washington Trust Bank grew its holdings in Hanesbrands by 50.0% during the 2nd quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock valued at $139,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Commonwealth Bank of Australia grew its holdings in Hanesbrands by 19.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 6,598 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 1,062 shares during the last quarter. Institutional investors own 94.29% of the company’s stock.

In related news, CFO Richard D. Moss sold 20,000 shares of Hanesbrands stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $24.08, for a total value of $481,600.00. Following the completion of the transaction, the chief financial officer now owns 254,487 shares in the company, valued at $6,128,046.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John T. Marsh sold 10,325 shares of Hanesbrands stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $24.27, for a total transaction of $250,587.75. Following the completion of the transaction, the insider now owns 99,997 shares of the company’s stock, valued at approximately $2,426,927.19. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

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Shares of Hanesbrands Inc. (NYSE:HBI) traded down 0.08% during trading on Friday, reaching $23.75. 2,983,894 shares of the company’s stock were exchanged. The company has a 50 day moving average of $24.50 and a 200 day moving average of $22.68. Hanesbrands Inc. has a 12-month low of $18.91 and a 12-month high of $27.07. The stock has a market cap of $8.66 billion, a P/E ratio of 15.56 and a beta of 0.72.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities research analysts anticipate that Hanesbrands Inc. will post $1.99 EPS for the current year.

Several brokerages recently commented on HBI. ValuEngine downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Barclays PLC began coverage on shares of Hanesbrands in a report on Tuesday, September 19th. They set an “overweight” rating and a $31.00 price target on the stock. FBR & Co reiterated a “buy” rating and set a $33.00 price target on shares of Hanesbrands in a report on Thursday, September 21st. Nomura downgraded shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a report on Thursday, September 21st. Finally, Instinet downgraded shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Hanesbrands currently has an average rating of “Hold” and an average target price of $27.27.

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)

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