Eaton Vance Management reduced its position in Hanesbrands Inc. (NYSE:HBI) by 9.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 310,490 shares of the textile maker’s stock after selling 32,706 shares during the quarter. Eaton Vance Management owned about 0.09% of Hanesbrands worth $5,722,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC raised its stake in shares of Hanesbrands by 12.7% during the third quarter. Hsbc Holdings PLC now owns 493,979 shares of the textile maker’s stock worth $9,103,000 after purchasing an additional 55,646 shares during the last quarter. United Services Automobile Association raised its stake in shares of Hanesbrands by 103.7% during the third quarter. United Services Automobile Association now owns 1,269,955 shares of the textile maker’s stock worth $23,405,000 after purchasing an additional 646,592 shares during the last quarter. Investec Asset Management PTY Ltd raised its stake in shares of Hanesbrands by 301.4% during the third quarter. Investec Asset Management PTY Ltd now owns 95,938 shares of the textile maker’s stock worth $1,768,000 after purchasing an additional 72,038 shares during the last quarter. Standard Life Aberdeen plc raised its stake in shares of Hanesbrands by 10.5% during the third quarter. Standard Life Aberdeen plc now owns 4,603,155 shares of the textile maker’s stock worth $84,859,000 after purchasing an additional 436,819 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Hanesbrands by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,373,595 shares of the textile maker’s stock worth $43,742,000 after purchasing an additional 50,087 shares during the last quarter.
In other news, insider Joia M. Johnson sold 20,000 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $16.52, for a total value of $330,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald L. Nelson purchased 25,000 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was purchased at an average price of $15.95 per share, with a total value of $398,750.00. Following the transaction, the director now owns 131,683 shares of the company’s stock, valued at $2,100,343.85. The disclosure for this purchase can be found here. Insiders acquired 61,600 shares of company stock valued at $940,079 in the last quarter. 1.06% of the stock is currently owned by company insiders.
Several equities research analysts have recently commented on HBI shares. Buckingham Research cut their price target on Hanesbrands from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, August 16th. Standpoint Research started coverage on Hanesbrands in a research note on Tuesday, October 23rd. They set a “buy” rating and a $20.00 price target for the company. Barclays set a $18.00 price target on Hanesbrands and gave the stock a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research upgraded Hanesbrands from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, Macquarie cut their price objective on Hanesbrands from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Hanesbrands has an average rating of “Hold” and a consensus target price of $21.60.
NYSE:HBI opened at $15.16 on Friday. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 0.91 and a beta of 0.36. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.84 and a quick ratio of 0.79. Hanesbrands Inc. has a 1 year low of $14.39 and a 1 year high of $23.33.
Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, November 1st. The textile maker reported $0.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Hanesbrands had a return on equity of 85.49% and a net margin of 0.10%. Hanesbrands’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. As a group, sell-side analysts anticipate that Hanesbrands Inc. will post 1.73 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 13th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.96%. The ex-dividend date was Friday, November 9th. Hanesbrands’s payout ratio is 31.09%.
Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.
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