Standard Life Aberdeen plc trimmed its stake in Hanesbrands Inc. (NYSE:HBI) by 11.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,166,336 shares of the textile maker’s stock after selling 553,202 shares during the period. Standard Life Aberdeen plc’s holdings in Hanesbrands were worth $91,763,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Robecosam AG increased its position in Hanesbrands by 10.4% in the 2nd quarter. Robecosam AG now owns 100,020 shares of the textile maker’s stock worth $2,206,000 after buying an additional 9,393 shares during the period. Private Advisor Group LLC increased its position in Hanesbrands by 92.3% in the 2nd quarter. Private Advisor Group LLC now owns 37,096 shares of the textile maker’s stock worth $817,000 after buying an additional 17,805 shares during the period. Bruni J V & Co. Co. increased its position in Hanesbrands by 3.8% in the 2nd quarter. Bruni J V & Co. Co. now owns 695,753 shares of the textile maker’s stock worth $15,320,000 after buying an additional 25,586 shares during the period. Greenwood Gearhart Inc. increased its position in Hanesbrands by 6.9% in the 2nd quarter. Greenwood Gearhart Inc. now owns 212,289 shares of the textile maker’s stock worth $4,675,000 after buying an additional 13,794 shares during the period. Finally, Swiss National Bank increased its position in Hanesbrands by 2.3% in the 2nd quarter. Swiss National Bank now owns 1,192,000 shares of the textile maker’s stock worth $26,248,000 after buying an additional 26,900 shares during the period. 97.67% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on HBI. Zacks Investment Research raised Hanesbrands from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, July 24th. ValuEngine raised Hanesbrands from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 21st. UBS Group began coverage on Hanesbrands in a research report on Thursday, June 21st. They issued a “neutral” rating and a $22.00 price target on the stock. Bank of America dropped their price target on Hanesbrands from $24.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, August 2nd. Finally, Macquarie dropped their price target on Hanesbrands from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $23.76.

HBI opened at $17.64 on Friday. The company has a market cap of $6.63 billion, a PE ratio of 9.14, a PEG ratio of 1.05 and a beta of 0.54. The company has a current ratio of 2.02, a quick ratio of 0.84 and a debt-to-equity ratio of 5.41. Hanesbrands Inc. has a 1 year low of $16.38 and a 1 year high of $25.73.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Wednesday, August 1st. The textile maker reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Hanesbrands had a net margin of 0.58% and a return on equity of 78.67%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. research analysts predict that Hanesbrands Inc. will post 1.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Stockholders of record on Tuesday, August 14th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Monday, August 13th. Hanesbrands’s dividend payout ratio is presently 31.09%.

In other news, insider Michael E. Faircloth sold 26,922 shares of the business’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $20.02, for a total transaction of $538,978.44. Following the sale, the insider now directly owns 234,433 shares in the company, valued at $4,693,348.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.06% of the company’s stock.

Hanesbrands Company Profile

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.

Further Reading: Earnings Per Share

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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