Parametrica Management Ltd Acquires New Stake in Hanesbrands Inc. (HBI)
Parametrica Management Ltd acquired a new position in Hanesbrands Inc. (NYSE:HBI) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,965 shares of the textile maker’s stock, valued at approximately $246,000.
Several other hedge funds also recently bought and sold shares of HBI. QS Investors LLC increased its position in shares of Hanesbrands by 2.8% in the second quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after purchasing an additional 140 shares during the last quarter. Washington Trust Bank increased its position in shares of Hanesbrands by 50.0% in the second quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock worth $139,000 after purchasing an additional 2,000 shares during the last quarter. Archford Capital Strategies LLC increased its position in shares of Hanesbrands by 283.4% in the second quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock worth $141,000 after purchasing an additional 1,247 shares during the last quarter. Commonwealth Bank of Australia increased its position in shares of Hanesbrands by 19.2% in the second quarter. Commonwealth Bank of Australia now owns 6,598 shares of the textile maker’s stock worth $152,000 after purchasing an additional 1,062 shares during the last quarter. Finally, IHT Wealth Management LLC increased its position in shares of Hanesbrands by 101.1% in the second quarter. IHT Wealth Management LLC now owns 2,652 shares of the textile maker’s stock worth $159,000 after purchasing an additional 1,333 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.
Several research analysts recently weighed in on HBI shares. BidaskClub cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Nomura decreased their price objective on shares of Hanesbrands from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday. Cowen and Company set a $22.00 price objective on shares of Hanesbrands and gave the stock a “hold” rating in a research report on Thursday, August 24th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Hanesbrands in a research report on Wednesday, October 18th. Finally, Morgan Stanley upped their price objective on shares of Hanesbrands from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. Hanesbrands has a consensus rating of “Hold” and a consensus target price of $26.13.
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In related news, insider John T. Marsh sold 10,325 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $24.27, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.
Shares of Hanesbrands Inc. (NYSE HBI) opened at $19.36 on Friday. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 1.15 and a beta of 0.73. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.88 and a quick ratio of 0.89.
Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.80 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 EPS. analysts anticipate that Hanesbrands Inc. will post 1.94 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.10%. Hanesbrands’s payout ratio is 37.04%.
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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