Hanesbrands Inc. (HBI) Shares Sold by Mutual Advisors LLC
Mutual Advisors LLC cut its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,403 shares of the textile maker’s stock after selling 1,918 shares during the period. Mutual Advisors LLC’s holdings in Hanesbrands were worth $506,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Capital Investment Advisory Services LLC acquired a new stake in Hanesbrands during the fourth quarter valued at approximately $36,000. Atlas Capital Advisors LLC acquired a new stake in Hanesbrands during the fourth quarter valued at approximately $39,000. Oregon Public Employees Retirement Fund lifted its stake in Hanesbrands by 1,137.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 489,071 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 449,555 shares during the last quarter. Clean Yield Group acquired a new stake in Hanesbrands during the fourth quarter valued at approximately $55,000. Finally, Truehand Inc acquired a new stake in Hanesbrands during the fourth quarter valued at approximately $63,000. 96.99% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on HBI shares. ValuEngine raised shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a research note on Friday, February 8th. Citigroup boosted their price target on shares of Hanesbrands from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, December 3rd. Barclays set a $19.00 price target on shares of Hanesbrands and gave the company a “hold” rating in a report on Saturday, February 9th. Zacks Investment Research lowered shares of Hanesbrands from a “hold” rating to a “sell” rating in a report on Monday, January 28th. Finally, Deutsche Bank lowered shares of Hanesbrands from a “buy” rating to a “hold” rating and cut their price target for the company from $24.00 to $16.00 in a report on Friday, January 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.53.
Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, February 7th. The textile maker reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. Hanesbrands had a net margin of 8.13% and a return on equity of 76.43%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. Equities research analysts anticipate that Hanesbrands Inc. will post 1.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 19th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 15th. This represents a $0.60 annualized dividend and a yield of 3.51%. Hanesbrands’s dividend payout ratio is presently 35.09%.
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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.
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