Aberdeen Asset Management PLC UK decreased its holdings in Hanesbrands Inc. (NYSE:HBI) by 10.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,607 shares of the textile maker’s stock after selling 7,360 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Hanesbrands were worth $1,519,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Lazard Asset Management LLC increased its stake in Hanesbrands by 25.0% in the first quarter. Lazard Asset Management LLC now owns 5,000 shares of the textile maker’s stock worth $103,000 after purchasing an additional 1,000 shares during the period. Van ECK Associates Corp increased its stake in Hanesbrands by 7.4% in the first quarter. Van ECK Associates Corp now owns 5,995 shares of the textile maker’s stock worth $124,000 after purchasing an additional 415 shares during the period. Washington Trust Bank increased its stake in Hanesbrands by 50.0% in the second quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock worth $139,000 after purchasing an additional 2,000 shares during the period. SRS Capital Advisors Inc. increased its stake in Hanesbrands by 11.6% in the first quarter. SRS Capital Advisors Inc. now owns 6,812 shares of the textile maker’s stock worth $141,000 after purchasing an additional 708 shares during the period. Finally, Commonwealth Bank of Australia increased its stake in Hanesbrands by 19.2% in the second quarter. Commonwealth Bank of Australia now owns 6,598 shares of the textile maker’s stock worth $152,000 after purchasing an additional 1,062 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

In related news, insider John T. Marsh sold 10,325 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $24.27, for a total value of $250,587.75. Following the sale, the insider now owns 99,997 shares in the company, valued at approximately $2,426,927.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gerald Evans sold 43,379 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $23.18, for a total value of $1,005,525.22. Following the completion of the sale, the chief executive officer now owns 1,056,314 shares in the company, valued at approximately $24,485,358.52. The disclosure for this sale can be found here. Insiders sold a total of 73,704 shares of company stock worth $1,737,713 in the last quarter. Company insiders own 1.10% of the company’s stock.

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A number of analysts have weighed in on HBI shares. BidaskClub lowered Hanesbrands from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Cowen and Company set a $22.00 target price on Hanesbrands and gave the stock a “hold” rating in a research note on Thursday, August 24th. ValuEngine upgraded Hanesbrands from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Morgan Stanley increased their target price on Hanesbrands from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Finally, Vetr lowered Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 target price on the stock. in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $27.18.

Hanesbrands Inc. (NYSE HBI) opened at 24.71 on Wednesday. Hanesbrands Inc. has a 52-week low of $18.91 and a 52-week high of $27.07. The company has a market cap of $9.01 billion, a P/E ratio of 16.19 and a beta of 0.71. The stock’s 50 day moving average price is $24.37 and its 200-day moving average price is $22.33.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. On average, equities analysts predict that Hanesbrands Inc. will post $1.99 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 2.43%. Hanesbrands’s dividend payout ratio is presently 39.47%.

About Hanesbrands

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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