State of Tennessee Treasury Department reduced its position in Hanesbrands Inc. (NYSE:HBI) by 1.0% during the first quarter, reports. The firm owned 314,792 shares of the textile maker’s stock after selling 3,046 shares during the period. State of Tennessee Treasury Department’s holdings in Hanesbrands were worth $5,629,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Rational Advisors LLC increased its position in shares of Hanesbrands by 254.6% during the first quarter. Rational Advisors LLC now owns 1,585 shares of the textile maker’s stock worth $28,000 after acquiring an additional 1,138 shares during the period. Rockefeller Capital Management L.P. purchased a new position in Hanesbrands during the first quarter valued at approximately $35,000. Capital Investment Advisory Services LLC purchased a new position in Hanesbrands during the fourth quarter valued at approximately $36,000. CWM LLC increased its holdings in Hanesbrands by 6,184.4% during the first quarter. CWM LLC now owns 2,011 shares of the textile maker’s stock valued at $36,000 after buying an additional 1,979 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its holdings 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 buying an additional 449,555 shares during the period. 91.43% of the stock is currently owned by institutional investors.

In related news, CFO Barry Hytinen acquired 10,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $17.56 per share, for a total transaction of $175,600.00. Following the completion of the purchase, the chief financial officer now owns 176,312 shares of the company’s stock, valued at approximately $3,096,038.72. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.04% of the company’s stock.

HBI traded down $0.46 during trading on Wednesday, hitting $15.95. The stock had a trading volume of 65,892 shares, compared to its average volume of 5,437,047. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 3.08 and a beta of 1.04. Hanesbrands Inc. has a twelve month low of $11.57 and a twelve month high of $22.57. The company has a quick ratio of 0.64, a current ratio of 1.66 and a debt-to-equity ratio of 3.84.

Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, May 2nd. The textile maker reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.53 billion. Hanesbrands had a net margin of 7.99% and a return on equity of 69.68%. Hanesbrands’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share. On average, sell-side analysts expect that Hanesbrands Inc. will post 1.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $0.60 annualized dividend and a dividend yield of 3.76%. Hanesbrands’s payout ratio is currently 35.09%.

Separately, Zacks Investment Research lowered shares of Hanesbrands from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $18.83.

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Hanesbrands Company Profile

Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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