John T. Marsh Sells 10,325 Shares of Hanesbrands Inc. (HBI) Stock
Hanesbrands Inc. (NYSE:HBI) insider John T. Marsh sold 10,325 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $24.27, for a total transaction of $250,587.75. Following the completion of the sale, the insider now directly owns 99,997 shares in the company, valued at approximately $2,426,927.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
John T. Marsh also recently made the following trade(s):
- On Tuesday, June 13th, John T. Marsh sold 11,100 shares of Hanesbrands stock. The shares were sold at an average price of $22.57, for a total transaction of $250,527.00.
Shares of Hanesbrands Inc. (HBI) opened at 24.39 on Wednesday. The stock’s 50 day moving average is $23.52 and its 200 day moving average is $21.81. Hanesbrands Inc. has a 1-year low of $18.91 and a 1-year high of $27.67. The company has a market capitalization of $8.89 billion, a PE ratio of 15.98 and a beta of 0.73.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. On average, equities research analysts anticipate that Hanesbrands Inc. will post $1.99 EPS for the current fiscal year.
The firm also recently declared 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 dividend yield of 2.46%. The ex-dividend date is Friday, August 11th. Hanesbrands’s dividend payout ratio (DPR) is presently 39.47%.
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Several analysts have weighed in on HBI shares. BidaskClub raised shares of Hanesbrands from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Vetr cut shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price objective on the stock. in a research note on Monday, August 7th. Zacks Investment Research cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Cowen and Company set a $22.00 price objective on shares of Hanesbrands and gave the stock a “hold” rating in a research note on Thursday, August 24th. Finally, UBS AG reaffirmed a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Hanesbrands in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $27.18.
Several hedge funds and other institutional investors have recently bought and sold shares of HBI. Lazard Asset Management LLC increased its position in Hanesbrands by 25.0% in the first quarter. Lazard Asset Management LLC now owns 5,000 shares of the textile maker’s stock valued at $103,000 after buying an additional 1,000 shares during the period. QS Investors LLC increased its position in Hanesbrands by 2.8% in the second quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock valued at $118,000 after buying an additional 140 shares during the period. Van ECK Associates Corp increased its position in Hanesbrands by 7.4% in the first quarter. Van ECK Associates Corp now owns 5,995 shares of the textile maker’s stock valued at $124,000 after buying an additional 415 shares during the period. Washington Trust Bank increased its position in Hanesbrands by 50.0% in the second quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock valued at $139,000 after buying an additional 2,000 shares during the period. Finally, SRS Capital Advisors Inc. increased its position in Hanesbrands by 11.6% in the first quarter. SRS Capital Advisors Inc. now owns 6,812 shares of the textile maker’s stock valued at $141,000 after buying an additional 708 shares during the period. 94.33% of the stock is currently owned by hedge funds and other institutional investors.
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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