Victory Capital Management Inc. increased its stake in HanesBrands Inc. (NYSE:HBI) by 3.7% during the second quarter, Holdings Channel reports. The institutional investor owned 32,848 shares of the company’s stock after buying an additional 1,167 shares during the period. Victory Capital Management Inc.’s holdings in HanesBrands were worth $825,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of HBI. Feltz Wealth PLAN Inc. bought a new position in HanesBrands during the second quarter valued at about $132,000. IFP Advisors Inc increased 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 valued at $194,000 after buying an additional 308 shares during the last quarter. Amica Retiree Medical Trust increased its stake in shares of HanesBrands by 146.1% in the second quarter. Amica Retiree Medical Trust now owns 8,034 shares of the company’s stock valued at $202,000 after buying an additional 4,770 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of HanesBrands during the first quarter valued at approximately $218,000. Finally, Advisor Partners LLC increased 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 valued at $219,000 after buying an additional 641 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.
HanesBrands Inc. (NYSE:HBI) opened at 25.81 on Friday. The firm has a market cap of $9.75 billion, a P/E ratio of 20.71 and a beta of 1.02. HanesBrands Inc. has a 12 month low of $23.25 and a 12 month high of $33.24. The firm’s 50-day moving average price is $26.57 and its 200-day moving average price is $27.09.
HanesBrands (NYSE:HBI) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.01. HanesBrands had a return on equity of 59.48% and a net margin of 8.60%. The business had revenue of $1.47 billion for 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 revenue was down 3.4% on a year-over-year basis. On average, equities research analysts expect that HanesBrands Inc. will post $1.92 EPS for the current fiscal 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 dividend of $0.11 per share. The ex-dividend date was Friday, August 12th. This represents a $0.44 dividend on an annualized basis and a yield of 1.70%. HanesBrands’s payout ratio is currently 35.20%.
Several analysts recently commented on HBI shares. Zacks Investment Research downgraded HanesBrands from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $35.00 price objective on shares of HanesBrands in a research note on Tuesday, August 2nd. Nomura reaffirmed 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 reaffirmed 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 reaffirmed an “outperform” rating and set a $39.00 price objective on shares of HanesBrands in a research note on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average 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 on Tuesday, August 9th. The stock was purchased at an average cost of $25.74 per share, for a total transaction of $514,800.00. Following the acquisition, the chief executive officer now owns 870,077 shares in the company, valued at approximately $22,395,781.98. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.
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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