Standard Life Investments LTD lowered its position in HanesBrands Inc. (NYSE:HBI) by 4.2% during the second quarter, Holdings Channel reports. The fund owned 13,335,194 shares of the company’s stock after selling 581,810 shares during the period. HanesBrands accounts for 1.5% of Standard Life Investments LTD’s investment portfolio, making the stock its 20th largest position. Standard Life Investments LTD’s holdings in HanesBrands were worth $335,180,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in shares of HanesBrands by 4.7% in the first quarter. IFP Advisors Inc now owns 6,861 shares of the company’s stock worth $194,000 after buying an additional 308 shares during the period. Magnetar Financial LLC bought a new stake in shares of HanesBrands during the first quarter worth about $218,000. Advisor Partners LLC raised its stake in shares of HanesBrands by 9.1% in the first quarter. Advisor Partners LLC now owns 7,717 shares of the company’s stock worth $219,000 after buying an additional 641 shares during the period. Mariner Wealth Advisors LLC bought a new stake in shares of HanesBrands during the first quarter worth about $227,000. Finally, Hancock Holding Co. bought a new stake in shares of HanesBrands during the first quarter worth about $239,000. Institutional investors own 91.31% of the company’s stock.
HanesBrands Inc. (NYSE:HBI) traded up 0.99% during mid-day trading on Monday, hitting $25.50. The stock had a trading volume of 3,021,770 shares. The firm’s 50-day moving average price is $26.48 and its 200 day moving average price is $26.97. The company has a market cap of $9.63 billion, a PE ratio of 20.47 and a beta of 0.94. HanesBrands Inc. has a one year low of $23.25 and a one year high of $33.24.
HanesBrands (NYSE:HBI) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.01. HanesBrands had a net margin of 8.60% and a return on equity of 59.48%. The firm earned $1.47 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the company posted $0.50 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities research analysts anticipate that HanesBrands Inc. will post $1.92 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Tuesday, August 16th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Friday, August 12th. HanesBrands’s dividend payout ratio is currently 35.20%.
HBI has been the subject of a number of research analyst reports. Brean Capital reaffirmed a “buy” rating and set a $37.00 price objective on shares of HanesBrands in a report on Tuesday, June 14th. Nomura reaffirmed a “sell” rating and set a $31.00 price objective on shares of HanesBrands in a report on Wednesday, July 6th. FBR & Co reaffirmed an “outperform” rating and set a $39.00 price objective on shares of HanesBrands in a report on Thursday, July 7th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $35.00 price objective on shares of HanesBrands in a report on Tuesday, August 2nd. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $37.00 price objective on shares of HanesBrands in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the stock. HanesBrands presently has a consensus rating of “Buy” and an average target price of $34.14.
In other news, CEO Richard A. Noll acquired 20,000 shares of HanesBrands stock in a transaction that occurred on Tuesday, August 9th. The stock was purchased at an average cost of $25.74 per share, with a total value of $514,800.00. Following the purchase, the chief executive officer now owns 870,077 shares in the company, valued at $22,395,781.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by corporate insiders.
HanesBrands Company Profile
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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