Gamco Investors INC. ET AL Cuts Position in Hanesbrands Inc. (HBI)
Gamco Investors INC. ET AL reduced its position in Hanesbrands Inc. (NYSE:HBI) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 186,600 shares of the textile maker’s stock after selling 7,000 shares during the quarter. Gamco Investors INC. ET AL owned about 0.05% of Hanesbrands worth $4,598,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of HBI. Freestone Capital Holdings LLC boosted its stake in Hanesbrands by 14.0% in the second quarter. Freestone Capital Holdings LLC now owns 180,729 shares of the textile maker’s stock valued at $4,186,000 after acquiring an additional 22,190 shares during the period. BB&T Corp raised its holdings in shares of Hanesbrands by 3.2% during the second quarter. BB&T Corp now owns 561,111 shares of the textile maker’s stock valued at $12,995,000 after buying an additional 17,312 shares during the last quarter. Tradition Capital Management LLC raised its holdings in shares of Hanesbrands by 21.8% during the second quarter. Tradition Capital Management LLC now owns 249,960 shares of the textile maker’s stock valued at $5,789,000 after buying an additional 44,785 shares during the last quarter. Hosking Partners LLP raised its holdings in shares of Hanesbrands by 1.6% during the second quarter. Hosking Partners LLP now owns 630,125 shares of the textile maker’s stock valued at $14,594,000 after buying an additional 10,212 shares during the last quarter. Finally, Rothschild Investment Corp IL raised its holdings in shares of Hanesbrands by 63.4% during the third quarter. Rothschild Investment Corp IL now owns 97,860 shares of the textile maker’s stock valued at $2,411,000 after buying an additional 37,986 shares during the last quarter. 95.44% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on the stock. BidaskClub upgraded shares of Hanesbrands from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Vetr cut shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price objective on the stock. in a research report on Monday, August 7th. Zacks Investment Research cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Morgan Stanley reduced their price objective on shares of Hanesbrands from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Hanesbrands in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. Hanesbrands currently has a consensus rating of “Hold” and a consensus target price of $26.13.
In related news, insider John T. Marsh sold 10,325 shares of the business’s stock in a transaction 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 transaction, the insider now owns 99,997 shares in the company, valued at approximately $2,426,927.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.
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Hanesbrands Inc. (NYSE:HBI) opened at $19.29 on Monday. The stock has a market cap of $7,032.83, a P/E ratio of 9.89, a PEG ratio of 1.10 and a beta of 0.73. Hanesbrands Inc. has a 1 year low of $18.91 and a 1 year high of $26.05. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.88 and a quick ratio of 0.85.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.60. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.56 EPS. equities research analysts forecast that Hanesbrands Inc. will post 1.94 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.11%. Hanesbrands’s payout ratio is presently 37.04%.
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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