Hanesbrands Inc. (HBI) Holdings Boosted by AMP Capital Investors Ltd
AMP Capital Investors Ltd raised its stake in Hanesbrands Inc. (NYSE:HBI) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,271 shares of the textile maker’s stock after purchasing an additional 3,200 shares during the period. AMP Capital Investors Ltd’s holdings in Hanesbrands were worth $2,839,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Freestone Capital Holdings LLC grew its position in shares of Hanesbrands by 14.0% during the second quarter. Freestone Capital Holdings LLC now owns 180,729 shares of the textile maker’s stock worth $4,186,000 after acquiring an additional 22,190 shares during the last quarter. HAP Trading LLC lifted its holdings in shares of Hanesbrands by 180.8% during the third quarter. HAP Trading LLC now owns 12,934 shares of the textile maker’s stock worth $319,000 after purchasing an additional 28,934 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Hanesbrands by 4.5% during the third quarter. Victory Capital Management Inc. now owns 698,044 shares of the textile maker’s stock worth $17,199,000 after purchasing an additional 30,202 shares during the period. Northern Capital Management LLC acquired a new stake in shares of Hanesbrands during the third quarter worth $3,816,000. Finally, Tradition Capital Management LLC lifted 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 worth $5,789,000 after purchasing an additional 44,785 shares during the period. Institutional investors and hedge funds own 96.92% of the company’s stock.
Several equities research analysts recently weighed in on HBI shares. Deutsche Bank started coverage on Hanesbrands in a report on Monday, October 23rd. They set a “buy” rating and a $29.00 price target for the company. ValuEngine downgraded Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. B. Riley reaffirmed a “buy” rating on shares of Hanesbrands in a report on Thursday, November 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price target on shares of Hanesbrands in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $26.13.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.56 earnings per share. sell-side analysts forecast that Hanesbrands Inc. will post 1.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Monday, November 13th. Hanesbrands’s dividend payout ratio is presently 37.04%.
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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