Fmr LLC lowered its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 82.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,863,020 shares of the textile maker’s stock after selling 8,505,375 shares during the quarter. Fmr LLC owned about 0.52% of Hanesbrands worth $41,024,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of HBI. DDD Partners LLC increased its holdings in Hanesbrands by 1.7% in the 2nd quarter. DDD Partners LLC now owns 422,406 shares of the textile maker’s stock worth $9,301,000 after buying an additional 7,137 shares during the period. Great West Life Assurance Co. Can increased its holdings in Hanesbrands by 16.7% in the 2nd quarter. Great West Life Assurance Co. Can now owns 295,428 shares of the textile maker’s stock worth $6,508,000 after buying an additional 42,354 shares during the period. PNC Financial Services Group Inc. increased its holdings in Hanesbrands by 2.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 159,749 shares of the textile maker’s stock worth $3,517,000 after buying an additional 3,338 shares during the period. Dimensional Fund Advisors LP increased its holdings in Hanesbrands by 32.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,323,508 shares of the textile maker’s stock worth $51,164,000 after buying an additional 575,124 shares during the period. Finally, Ridgewood Investments LLC increased its holdings in Hanesbrands by 27.1% in the 2nd quarter. Ridgewood Investments LLC now owns 14,806 shares of the textile maker’s stock worth $326,000 after buying an additional 3,154 shares during the period. Hedge funds and other institutional investors own 99.58% of the company’s stock.

Hanesbrands stock opened at $18.10 on Thursday. The company has a debt-to-equity ratio of 5.41, a quick ratio of 0.84 and a current ratio of 2.02. Hanesbrands Inc. has a 12 month low of $16.38 and a 12 month high of $25.24. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 1.03 and a beta of 0.39.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Tuesday, August 14th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 13th. This represents a $0.60 annualized dividend and a yield of 3.31%. Hanesbrands’s dividend payout ratio is presently 31.09%.

Several brokerages recently weighed in on HBI. ValuEngine upgraded shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a report on Thursday, June 21st. Credit Suisse Group cut their price target on shares of Hanesbrands from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, August 2nd. Buckingham Research cut their price target on shares of Hanesbrands from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, August 16th. UBS Group began coverage on shares of Hanesbrands in a report on Thursday, June 21st. They issued a “neutral” rating and a $22.00 price target on the stock. Finally, Barclays downgraded shares of Hanesbrands from an “overweight” rating to an “equal weight” rating and set a $22.00 price target on the stock. in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $22.88.

About Hanesbrands

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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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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