Voya Investment Management LLC lessened its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 6.5% during the second quarter, Holdings Channel reports. The fund owned 204,541 shares of the textile maker’s stock after selling 14,272 shares during the quarter. Voya Investment Management LLC’s holdings in Hanesbrands were worth $4,504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HBI. Stratos Wealth Partners LTD. boosted its holdings in shares of Hanesbrands by 183.5% during the 1st quarter. Stratos Wealth Partners LTD. now owns 7,358 shares of the textile maker’s stock valued at $136,000 after acquiring an additional 4,763 shares during the last quarter. WP Advisors LLC purchased a new position in shares of Hanesbrands in the second quarter worth approximately $145,000. Amica Retiree Medical Trust boosted its holdings in shares of Hanesbrands by 180.3% in the second quarter. Amica Retiree Medical Trust now owns 7,296 shares of the textile maker’s stock worth $161,000 after buying an additional 4,693 shares during the last quarter. Delpha Capital Management LLC purchased a new position in shares of Hanesbrands in the first quarter worth approximately $185,000. Finally, Advisory Services Network LLC boosted its holdings in shares of Hanesbrands by 124.7% in the second quarter. Advisory Services Network LLC now owns 8,503 shares of the textile maker’s stock worth $187,000 after buying an additional 4,719 shares during the last quarter. 99.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:HBI opened at $18.13 on Friday. 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 $25.15. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 1.02 and a beta of 0.39.

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

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

A number of research firms recently issued reports on HBI. Macquarie dropped their price objective on shares of Hanesbrands from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Thursday, August 23rd. Buckingham Research dropped their price objective 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. Bank of America dropped their price objective on shares of Hanesbrands from $24.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, August 2nd. Credit Suisse Group dropped their price objective 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. Finally, Barclays downgraded shares of Hanesbrands from an “overweight” rating to an “equal weight” rating and set a $22.00 price objective 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 given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $22.88.

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.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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