Hanesbrands Inc. (HBI) Shares Bought by Legal & General Group Plc
Legal & General Group Plc grew its position in shares of Hanesbrands Inc. (NYSE:HBI) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,808,156 shares of the textile maker’s stock after purchasing an additional 34,978 shares during the quarter. Legal & General Group Plc owned 0.50% of Hanesbrands worth $44,553,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Freestone Capital Holdings LLC boosted its stake in shares of Hanesbrands by 14.0% during the 2nd 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 in the last quarter. HAP Trading LLC boosted its stake in shares of Hanesbrands by 180.8% during the 3rd quarter. HAP Trading LLC now owns 12,934 shares of the textile maker’s stock worth $319,000 after acquiring an additional 28,934 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Hanesbrands by 4.5% during the 3rd quarter. Victory Capital Management Inc. now owns 698,044 shares of the textile maker’s stock worth $17,199,000 after acquiring an additional 30,202 shares in the last quarter. Northern Capital Management LLC bought a new stake in shares of Hanesbrands during the 3rd quarter worth $3,816,000. Finally, Tradition Capital Management LLC boosted its stake in shares of Hanesbrands by 21.8% during the 2nd quarter. Tradition Capital Management LLC now owns 249,960 shares of the textile maker’s stock worth $5,789,000 after acquiring an additional 44,785 shares in the last quarter. Institutional investors own 96.92% of the company’s stock.
Shares of Hanesbrands Inc. (HBI) traded down $0.14 during trading hours on Thursday, hitting $20.54. The company had a trading volume of 8,306,100 shares, compared to its average volume of 5,280,435. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90. Hanesbrands Inc. has a twelve month low of $18.90 and a twelve month high of $25.73. The stock has a market capitalization of $7,539.60, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 1.18 and a beta of 0.70.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the company earned $0.56 earnings per share. Hanesbrands’s quarterly revenue was up 2.2% compared to the same quarter last year. sell-side analysts anticipate that Hanesbrands Inc. will post 1.94 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Investors 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 2.92%. Hanesbrands’s dividend payout ratio is 37.04%.
HBI has been the subject of several research reports. Nomura reduced their price objective on Hanesbrands from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Cowen set a $22.00 target price on Hanesbrands and gave the stock a “hold” rating in a research report on Thursday, August 24th. Oppenheimer reaffirmed a “buy” rating on shares of Hanesbrands in a research report on Wednesday, October 18th. B. Riley reaffirmed a “buy” rating on shares of Hanesbrands in a research report on Thursday, November 2nd. Finally, Vetr cut Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 target price for the company. in a research report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.13.
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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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