Green Square Capital LLC boosted its holdings in Hanesbrands Inc. (NYSE:HBI) by 73.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,264 shares of the textile maker’s stock after acquiring an additional 14,956 shares during the period. Green Square Capital LLC’s holdings in Hanesbrands were worth $869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of HBI. Russell Investments Group Ltd. grew its stake in Hanesbrands by 33.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 192,393 shares of the textile maker’s stock valued at $4,456,000 after acquiring an additional 48,366 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Hanesbrands by 87.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 22,680 shares of the textile maker’s stock valued at $525,000 after acquiring an additional 10,580 shares during the last quarter. IFP Advisors Inc grew its stake in Hanesbrands by 30.0% in the 2nd quarter. IFP Advisors Inc now owns 12,723 shares of the textile maker’s stock valued at $295,000 after acquiring an additional 2,934 shares during the last quarter. Global X Management Co. LLC grew its stake in Hanesbrands by 15.6% in the 2nd quarter. Global X Management Co. LLC now owns 9,135 shares of the textile maker’s stock valued at $212,000 after acquiring an additional 1,232 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Hanesbrands by 4.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,236,077 shares of the textile maker’s stock valued at $28,628,000 after acquiring an additional 51,335 shares during the last quarter. 96.92% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently commented on HBI. ValuEngine cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Barclays assumed coverage on shares of Hanesbrands in a research note on Tuesday, September 19th. They set an “overweight” rating and a $31.00 price target on the stock. FBR & Co reaffirmed a “buy” rating and set a $33.00 price target on shares of Hanesbrands in a research note on Thursday, September 21st. Instinet cut shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research note on Thursday, September 21st. Finally, Nomura cut shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Hanesbrands presently has an average rating of “Hold” and a consensus price target of $26.13.

Shares of Hanesbrands Inc. (HBI) traded up $0.30 during mid-day trading on Wednesday, hitting $20.95. 6,220,700 shares of the stock traded hands, compared to its average volume of 5,289,334. The stock has a market cap of $7,528.66, a price-to-earnings ratio of 10.59, a P/E/G ratio of 1.18 and a beta of 0.70. Hanesbrands Inc. has a 1-year low of $18.90 and a 1-year high of $25.73. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.85 and a current ratio of 1.88.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 EPS. equities analysts expect that Hanesbrands Inc. will post 1.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.86%. Hanesbrands’s payout ratio is currently 37.04%.

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Hanesbrands 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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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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