Conning Inc. increased its position in shares of HanesBrands Inc. (NYSE:HBI) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,210 shares of the company’s stock after buying an additional 110 shares during the period. Conning Inc.’s holdings in HanesBrands were worth $257,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Legal & General Group Plc increased its position in shares of HanesBrands by 0.9% in the first quarter. Legal & General Group Plc now owns 1,605,117 shares of the company’s stock worth $45,491,000 after buying an additional 13,534 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of HanesBrands by 402.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 4,946,854 shares of the company’s stock worth $140,194,000 after buying an additional 3,962,084 shares in the last quarter. Geode Capital Management LLC increased its position in shares of HanesBrands by 1.3% in the first quarter. Geode Capital Management LLC now owns 3,101,474 shares of the company’s stock worth $87,713,000 after buying an additional 41,096 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of HanesBrands by 0.4% in the first quarter. UBS Asset Management Americas Inc. now owns 916,998 shares of the company’s stock worth $25,988,000 after buying an additional 3,394 shares in the last quarter. Finally, Deltec Asset Management LLC increased its position in shares of HanesBrands by 41.0% in the second quarter. Deltec Asset Management LLC now owns 250,961 shares of the company’s stock worth $6,307,000 after buying an additional 73,000 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.
HanesBrands Inc. (NYSE:HBI) traded up 0.04% during midday trading on Wednesday, hitting $25.51. 3,195,071 shares of the company traded hands. The company has a market cap of $9.64 billion, a PE ratio of 20.47 and a beta of 0.94. HanesBrands Inc. has a 12-month low of $23.25 and a 12-month high of $33.24. The stock has a 50 day moving average price of $26.34 and a 200-day moving average price of $26.87.
HanesBrands (NYSE:HBI) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by $0.01. The company earned $1.47 billion during the quarter, compared to analyst estimates of $1.53 billion. HanesBrands had a return on equity of 59.48% and a net margin of 8.60%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 EPS. Analysts expect that HanesBrands Inc. will post $1.92 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Tuesday, August 16th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Friday, August 12th. HanesBrands’s payout ratio is 35.20%.
A number of equities analysts have recently issued reports on HBI shares. Nomura reiterated a “sell” rating and issued a $31.00 price target on shares of HanesBrands in a report on Wednesday, July 6th. Citigroup Inc. cut their price target on shares of HanesBrands from $37.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, August 4th. Zacks Investment Research downgraded shares of HanesBrands from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. FBR & Co restated an “outperform” rating and set a $39.00 target price on shares of HanesBrands in a report on Thursday, July 7th. Finally, Brean Capital restated a “buy” rating and set a $37.00 target price on shares of HanesBrands in a report on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $34.14.
In other HanesBrands news, CEO Richard A. Noll purchased 20,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was bought at an average cost of $25.74 per share, with a total value of $514,800.00. Following the acquisition, the chief executive officer now owns 870,077 shares of the company’s stock, valued at $22,395,781.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.
Hanesbrands Inc is a manufacturer and marketer of apparels. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports.
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