Tiaa Fsb Takes $468,000 Position in Hanesbrands Inc. (HBI)
Tiaa Fsb acquired a new position in shares of Hanesbrands Inc. (NYSE:HBI) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,213 shares of the textile maker’s stock, valued at approximately $468,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Hanesbrands by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 36,962,193 shares of the textile maker’s stock worth $767,336,000 after acquiring an additional 2,158,679 shares in the last quarter. Park Avenue Institutional Advisers LLC purchased a new stake in shares of Hanesbrands during the 1st quarter worth approximately $534,000. BB&T Corp raised its holdings in shares of Hanesbrands by 3.2% during the 2nd quarter. BB&T Corp now owns 561,111 shares of the textile maker’s stock worth $12,995,000 after acquiring an additional 17,312 shares in the last quarter. Freestone Capital Holdings LLC raised its holdings in shares of Hanesbrands by 14.0% during the 2nd quarter. Freestone Capital Holdings LLC now owns 180,729 shares of the textile maker’s stock worth $4,186,000 after acquiring an additional 22,190 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Hanesbrands by 21.2% during the 1st quarter. Morgan Stanley now owns 4,009,081 shares of the textile maker’s stock worth $83,228,000 after acquiring an additional 701,732 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on the company. Credit Suisse Group set a $28.00 price target on Hanesbrands and gave the company a “buy” rating in a report on Thursday, July 27th. BidaskClub upgraded Hanesbrands from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. UBS AG restated a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Hanesbrands in a report on Tuesday, August 8th. Vetr lowered Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price target on the stock. in a report on Monday, August 28th. Finally, ValuEngine lowered Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.27.
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In related news, CEO Gerald Evans sold 43,379 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $23.18, for a total value of $1,005,525.22. Following the sale, the chief executive officer now owns 1,056,314 shares in the company, valued at approximately $24,485,358.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John T. Marsh sold 10,325 shares of the business’s stock in a transaction on Monday, August 28th. The shares were 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 owns 99,997 shares in the company, valued at approximately $2,426,927.19. The disclosure for this sale can be found here. Insiders sold a total of 73,704 shares of company stock worth $1,737,713 in the last quarter. Company insiders own 1.10% of the company’s stock.
Shares of Hanesbrands Inc. (NYSE:HBI) opened at 24.54 on Monday. The firm has a 50-day moving average price of $24.37 and a 200-day moving average price of $22.33. Hanesbrands Inc. has a 1-year low of $18.91 and a 1-year high of $27.07. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 16.08 and a beta of 0.71.
Hanesbrands (NYSE:HBI) last posted 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. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. Equities analysts forecast that Hanesbrands Inc. will post $1.99 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th were issued a $0.15 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 2.44%. Hanesbrands’s dividend payout ratio is presently 39.47%.
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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