Wellington Shields & Co. LLC Purchases New Stake in Hanesbrands Inc. (HBI)
Wellington Shields & Co. LLC purchased a new stake in Hanesbrands Inc. (NYSE:HBI) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,600 shares of the textile maker’s stock, valued at approximately $212,000.
Other large investors have also modified their holdings of the company. QS Investors LLC grew 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 valued at $118,000 after purchasing an additional 140 shares during the last quarter. Washington Trust Bank grew 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 valued at $139,000 after purchasing an additional 2,000 shares during the last quarter. Archford Capital Strategies LLC grew 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 valued at $141,000 after purchasing an additional 1,247 shares during the last quarter. Commonwealth Bank of Australia grew 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 valued at $152,000 after purchasing an additional 1,062 shares during the last quarter. Finally, IHT Wealth Management LLC grew 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 valued at $159,000 after purchasing an additional 1,333 shares during the last quarter. 95.44% of the stock is currently owned by institutional investors.
Several brokerages have recently issued reports on HBI. BidaskClub raised Hanesbrands from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Vetr downgraded Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price target on the stock. in a research report on Monday, August 7th. Zacks Investment Research downgraded Hanesbrands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Credit Suisse Group reaffirmed a “buy” rating and issued a $30.00 price target on shares of Hanesbrands in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 price target on shares of Hanesbrands in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $26.13.
Shares of Hanesbrands Inc. (NYSE:HBI) remained flat at $$19.23 on Tuesday. The stock had a trading volume of 1,536,683 shares, compared to its average volume of 5,145,633. The stock has a market cap of $7,032.83, a P/E ratio of 9.89, a PEG ratio of 1.10 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 0.85. Hanesbrands Inc. has a fifty-two week low of $18.91 and a fifty-two week high of $26.05.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 earnings per share. research analysts predict that Hanesbrands Inc. will post 1.94 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Monday, November 13th. Hanesbrands’s dividend payout ratio is 37.04%.
In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of the firm’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 transaction, the insider now owns 99,997 shares in the company, valued at $2,426,927.19. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.
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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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