Hanesbrands Inc. (NYSE:HBI) Shares Sold by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System lowered its position in Hanesbrands Inc. (NYSE:HBI) by 3.0% during the second quarter, Holdings Channel reports. The institutional investor owned 22,600 shares of the textile maker’s stock after selling 700 shares during the period. Louisiana State Employees Retirement System’s holdings in Hanesbrands were worth $523,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Hanesbrands by 3,104.9% in the first quarter. BlackRock Inc. now owns 22,875,894 shares of the textile maker’s stock worth $474,903,000 after buying an additional 22,162,112 shares during the period. OMERS ADMINISTRATION Corp boosted its position in shares of Hanesbrands by 98.9% in the first quarter. OMERS ADMINISTRATION Corp now owns 5,673,506 shares of the textile maker’s stock worth $117,782,000 after buying an additional 2,820,380 shares during the period. Miller Howard Investments Inc. NY purchased a new position in shares of Hanesbrands during the first quarter worth approximately $55,007,000. Massachusetts Financial Services Co. MA boosted its position in shares of Hanesbrands by 19.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,936,667 shares of the textile maker’s stock worth $330,846,000 after buying an additional 2,544,916 shares during the period. Finally, OppenheimerFunds Inc. boosted its position in shares of Hanesbrands by 94.1% in the first quarter. OppenheimerFunds Inc. now owns 4,649,535 shares of the textile maker’s stock worth $96,524,000 after buying an additional 2,254,460 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.
Hanesbrands Inc. (NYSE:HBI) traded up 0.861% during midday trading on Friday, reaching $24.005. The company’s stock had a trading volume of 2,330,325 shares. Hanesbrands Inc. has a 1-year low of $18.91 and a 1-year high of $28.24. The company has a market capitalization of $8.75 billion, a P/E ratio of 15.731 and a beta of 0.73. The company has a 50 day moving average of $23.22 and a 200-day moving average of $21.70.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Hanesbrands’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities research analysts anticipate that Hanesbrands Inc. will post $1.99 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Friday, August 11th. Hanesbrands’s payout ratio is currently 39.47%.
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A number of equities analysts recently commented on HBI shares. FBR & Co restated a “buy” rating on shares of Hanesbrands in a report on Saturday, April 15th. Zacks Investment Research upgraded Hanesbrands from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. Vetr cut Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $23.91 target price for the company. in a report on Wednesday, April 19th. ValuEngine cut Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded Hanesbrands from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $27.57.
In other Hanesbrands news, insider W Howard Upchurch, Jr. sold 55,850 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $22.90, for a total transaction of $1,278,965.00. Following the sale, the insider now owns 579,663 shares in the company, valued at $13,274,282.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John T. Marsh sold 11,100 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $22.57, for a total value of $250,527.00. The disclosure for this sale can be found here. Insiders have sold 130,329 shares of company stock worth $3,016,617 in the last 90 days. 1.10% of the stock is currently owned by insiders.
Hanesbrands Company Profile
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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