UMB Bank N A MO increased its stake in shares of HanesBrands Inc. (NYSE:HBI) by 26.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,683 shares of the company’s stock after buying an additional 2,000 shares during the period. UMB Bank N A MO’s holdings in HanesBrands were worth $243,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. raised its position in 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 last quarter. Geode Capital Management LLC raised its position in HanesBrands by 1.3% in the first quarter. Geode Capital Management LLC now owns 3,101,474 shares of the company’s stock valued at $87,713,000 after buying an additional 41,096 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in HanesBrands by 4.1% in the first quarter. TIAA CREF Investment Management LLC now owns 2,857,931 shares of the company’s stock valued at $80,994,000 after buying an additional 112,912 shares during the last quarter. Legal & General Group Plc raised its position in HanesBrands by 0.9% in the first quarter. Legal & General Group Plc now owns 1,605,117 shares of the company’s stock valued at $45,491,000 after buying an additional 13,534 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. raised its position in 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 last quarter. 91.31% of the stock is owned by institutional investors.
Shares of HanesBrands Inc. (NYSE:HBI) traded up 0.36% during midday trading on Friday, hitting $25.25. 3,848,477 shares of the company were exchanged. The stock’s 50-day moving average is $26.48 and its 200-day moving average is $26.97. HanesBrands Inc. has a one year low of $23.25 and a one year high of $33.24. The stock has a market cap of $9.54 billion, a PE ratio of 20.26 and a beta of 1.02.
HanesBrands (NYSE:HBI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the business posted $0.50 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. Equities research analysts anticipate that HanesBrands Inc. will post $1.92 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Tuesday, August 16th were paid a $0.11 dividend. The ex-dividend date was Friday, August 12th. This represents a $0.44 dividend on an annualized basis and a yield of 1.74%. HanesBrands’s payout ratio is presently 35.20%.
Several research firms recently weighed in on HBI. Citigroup Inc. reduced their target price on shares of HanesBrands from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. Brean Capital restated a “buy” rating and set a $37.00 target price on shares of HanesBrands in a report on Tuesday, June 14th. FBR & Co restated an “outperform” rating and set a $39.00 target price on shares of HanesBrands in a report on Thursday, July 7th. Credit Suisse Group AG restated a “buy” rating and set a $37.00 target price on shares of HanesBrands in a report on Wednesday, September 14th. Finally, Zacks Investment Research upgraded shares of HanesBrands from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $34.14.
In other news, CEO Richard A. Noll bought 20,000 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were acquired at an average cost of $25.74 per share, for a total transaction of $514,800.00. Following the purchase, the chief executive officer now owns 870,077 shares of the company’s stock, valued at approximately $22,395,781.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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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