Nationwide Fund Advisors cut its stake in shares of HanesBrands Inc. (NYSE:HBI) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 221,832 shares of the company’s stock after selling 3,475 shares during the period. Nationwide Fund Advisors owned about 0.06% of HanesBrands worth $5,575,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. increased its stake 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 valued at $140,194,000 after buying an additional 3,962,084 shares during the period. RidgeWorth Capital Management LLC increased its stake in shares of HanesBrands by 170.5% in the second quarter. RidgeWorth Capital Management LLC now owns 2,887,677 shares of the company’s stock valued at $73,924,000 after buying an additional 1,820,170 shares during the period. NN Investment Partners Holdings N.V. increased its stake in shares of HanesBrands by 2,185.8% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,472,028 shares of the company’s stock valued at $36,993,000 after buying an additional 1,407,628 shares during the period. Torray LLC purchased a new stake in shares of HanesBrands during the second quarter valued at $24,169,000. Finally, Samlyn Capital LLC purchased a new stake in shares of HanesBrands during the first quarter valued at $24,393,000. Institutional investors own 91.31% of the company’s stock.
HanesBrands Inc. (NYSE:HBI) traded down 0.78% during mid-day trading on Thursday, hitting $25.39. 1,803,214 shares of the stock were exchanged. The company has a 50-day moving average price of $26.57 and a 200-day moving average price of $27.01. The company has a market cap of $9.59 billion, a P/E ratio of 20.38 and a beta of 1.02. HanesBrands Inc. has a one year low of $23.25 and a one year high of $33.24.
HanesBrands (NYSE:HBI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.01. The company earned $1.47 billion during the quarter, compared to analysts’ expectations of $1.53 billion. HanesBrands had a net margin of 8.60% and a return on equity of 59.48%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the business earned $0.50 earnings per share. Analysts forecast that HanesBrands Inc. will post $1.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Tuesday, August 16th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, August 12th. HanesBrands’s dividend payout ratio (DPR) is 35.20%.
Several equities research analysts have recently commented on HBI shares. Zacks Investment Research downgraded shares of HanesBrands from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $35.00 price objective on shares of HanesBrands in a research note on Tuesday, August 2nd. Nomura reiterated a “sell” rating and set a $31.00 price objective on shares of HanesBrands in a research note on Wednesday, July 6th. Credit Suisse Group AG reiterated a “buy” rating and set a $37.00 price objective on shares of HanesBrands in a research note on Wednesday, August 3rd. Finally, FBR & Co reiterated an “outperform” rating and set a $39.00 price objective on shares of HanesBrands in a research note on Thursday, July 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $34.14.
In other HanesBrands news, CEO Richard A. Noll purchased 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was purchased at an average price of $25.74 per share, for a total transaction of $514,800.00. Following the purchase, the chief executive officer now directly owns 870,077 shares in the company, valued at $22,395,781.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate 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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