Robecosam AG lifted its stake in Hanesbrands Inc. (NYSE:HBI) by 45.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 91,000 shares of the textile maker’s stock after purchasing an additional 28,606 shares during the quarter. Robecosam AG’s holdings in Hanesbrands were worth $1,914,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of HBI. Guardian Capital LP purchased a new position in shares of Hanesbrands during the third quarter worth $9,494,000. HAP Trading LLC boosted its position in shares of Hanesbrands by 180.8% during the third quarter. HAP Trading LLC now owns 12,934 shares of the textile maker’s stock worth $319,000 after buying an additional 28,934 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Hanesbrands by 1,429.0% during the third quarter. Allianz Asset Management GmbH now owns 358,080 shares of the textile maker’s stock worth $8,823,000 after buying an additional 334,661 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of Hanesbrands by 15.8% during the third quarter. Parametric Portfolio Associates LLC now owns 980,400 shares of the textile maker’s stock worth $24,157,000 after buying an additional 133,434 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Hanesbrands by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,383,535 shares of the textile maker’s stock worth $34,089,000 after buying an additional 6,108 shares during the period. 98.68% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. Credit Suisse Group assumed coverage on Hanesbrands in a research report on Monday. They set a “neutral” rating and a $21.00 price target for the company. Deutsche Bank set a $27.00 price target on Hanesbrands and gave the stock a “buy” rating in a research report on Friday, February 9th. Citigroup lowered their price target on Hanesbrands from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Wells Fargo & Co set a $20.00 price target on Hanesbrands and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, DA Davidson set a $27.00 price target on Hanesbrands and gave the stock a “buy” rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. Hanesbrands currently has a consensus rating of “Hold” and a consensus target price of $25.12.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.52. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. Hanesbrands had a return on equity of 72.30% and a net margin of 0.96%. Hanesbrands’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 EPS. sell-side analysts predict that Hanesbrands Inc. will post 1.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Friday, February 16th. Hanesbrands’s dividend payout ratio (DPR) is 400.00%.
In other Hanesbrands news, insider W Howard Upchurch, Jr. sold 51,743 shares of Hanesbrands stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $20.70, for a total transaction of $1,071,080.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.
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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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