Captrust Financial Advisors purchased a new position in Hanesbrands Inc. (NYSE:HBI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 102,263 shares of the textile maker’s stock, valued at approximately $2,138,000.
Several other large investors also recently bought and sold shares of HBI. Guardian Capital LP purchased a new position in Hanesbrands in the 3rd quarter valued at approximately $9,494,000. HAP Trading LLC grew its stake in Hanesbrands by 180.8% in the 3rd quarter. HAP Trading LLC now owns 12,934 shares of the textile maker’s stock valued at $319,000 after buying an additional 28,934 shares in the last quarter. Victory Capital Management Inc. grew its stake in Hanesbrands by 4.5% in the 3rd quarter. Victory Capital Management Inc. now owns 698,044 shares of the textile maker’s stock valued at $17,199,000 after buying an additional 30,202 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Hanesbrands by 1,429.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 358,080 shares of the textile maker’s stock valued at $8,823,000 after buying an additional 334,661 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in Hanesbrands by 15.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 980,400 shares of the textile maker’s stock valued at $24,157,000 after buying an additional 133,434 shares in the last quarter. 98.68% of the stock is currently owned by institutional investors.
In related news, insider W Howard Upchurch, Jr. sold 51,743 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $20.70, for a total value of $1,071,080.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.
Hanesbrands Inc. (NYSE:HBI) opened at $20.15 on Tuesday. The company has a market cap of $7,260.00, a price-to-earnings ratio of 14.29, a PEG ratio of 1.26 and a beta of 0.80. The company has a current ratio of 1.90, a quick ratio of 0.85 and a debt-to-equity ratio of 5.40. Hanesbrands Inc. has a 1 year low of $18.57 and a 1 year high of $25.73.
Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. Hanesbrands had a net margin of 0.96% and a return on equity of 72.30%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. sell-side analysts anticipate that Hanesbrands Inc. will post 1.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be given a $0.15 dividend. The ex-dividend date is Friday, February 16th. This represents a $0.60 annualized dividend and a yield of 2.98%. Hanesbrands’s dividend payout ratio (DPR) is presently 42.55%.
Hanesbrands Company Profile
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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