Raymond James & Associates decreased its holdings in Hanesbrands Inc. (NYSE:HBI) by 54.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,006,232 shares of the textile maker’s stock after selling 1,186,803 shares during the quarter. Raymond James & Associates owned 0.28% of Hanesbrands worth $22,157,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Optimum Investment Advisors acquired a new position in shares of Hanesbrands in the 1st quarter valued at $103,000. Stratos Wealth Partners LTD. raised its stake in shares of Hanesbrands by 183.5% in the 1st quarter. Stratos Wealth Partners LTD. now owns 7,358 shares of the textile maker’s stock valued at $136,000 after buying an additional 4,763 shares in the last quarter. WP Advisors LLC acquired a new position in shares of Hanesbrands in the 2nd quarter valued at $145,000. Amica Retiree Medical Trust raised its stake in shares of Hanesbrands by 180.3% in the 2nd quarter. Amica Retiree Medical Trust now owns 7,296 shares of the textile maker’s stock valued at $161,000 after buying an additional 4,693 shares in the last quarter. Finally, Delpha Capital Management LLC acquired a new position in shares of Hanesbrands in the 1st quarter valued at $185,000. Institutional investors own 99.58% of the company’s stock.

Shares of NYSE:HBI opened at $17.57 on Friday. Hanesbrands Inc. has a 12 month low of $16.38 and a 12 month high of $25.59. The company has a debt-to-equity ratio of 5.41, a quick ratio of 0.84 and a current ratio of 2.02. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 1.02 and a beta of 0.39.

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

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Monday, August 13th. Hanesbrands’s dividend payout ratio is currently 31.09%.

Several equities research analysts have recently weighed in on the stock. Macquarie lowered their target price 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. ValuEngine raised shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a report on Thursday, June 21st. Bank of America lowered their target price 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. Barclays lowered shares of Hanesbrands from an “overweight” rating to an “equal weight” rating and set a $22.00 target price on the stock. in a report on Thursday, August 2nd. Finally, Buckingham Research lowered their target price 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. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. Hanesbrands presently has a consensus rating of “Hold” and an average target price of $23.61.

About Hanesbrands

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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