Janus Henderson Group PLC lifted its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 7.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 863,825 shares of the textile maker’s stock after buying an additional 58,918 shares during the period. Janus Henderson Group PLC owned about 0.24% of Hanesbrands worth $15,924,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Evanston Investments Inc. dba Evanston Advisors raised its holdings in shares of Hanesbrands by 5.1% during the 3rd quarter. Evanston Investments Inc. dba Evanston Advisors now owns 435,645 shares of the textile maker’s stock worth $8,029,000 after buying an additional 21,022 shares in the last quarter. Piedmont Investment Advisors Inc. grew its position in Hanesbrands by 624.1% during the 3rd quarter. Piedmont Investment Advisors Inc. now owns 29,573 shares of the textile maker’s stock worth $545,000 after acquiring an additional 25,489 shares during the last quarter. Yorktown Management & Research Co Inc grew its position in Hanesbrands by 16.3% during the 3rd quarter. Yorktown Management & Research Co Inc now owns 46,500 shares of the textile maker’s stock worth $857,000 after acquiring an additional 6,500 shares during the last quarter. Norinchukin Bank The grew its position in Hanesbrands by 13.6% during the 3rd quarter. Norinchukin Bank The now owns 46,369 shares of the textile maker’s stock worth $855,000 after acquiring an additional 5,540 shares during the last quarter. Finally, Linscomb & Williams Inc. grew its position in Hanesbrands by 6.8% during the 3rd quarter. Linscomb & Williams Inc. now owns 134,579 shares of the textile maker’s stock worth $2,480,000 after acquiring an additional 8,627 shares during the last quarter.
HBI has been the topic of a number of research reports. Buckingham Research reduced their price objective on Hanesbrands from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. Macquarie reduced their price objective on Hanesbrands from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Thursday, August 23rd. Standpoint Research initiated coverage on Hanesbrands in a research report on Tuesday, October 23rd. They set a “buy” rating and a $20.00 price objective on the stock. Zacks Investment Research upgraded Hanesbrands from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, Barclays set a $18.00 price objective on Hanesbrands and gave the stock a “hold” rating in a research report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $21.60.
NYSE HBI opened at $15.16 on Friday. Hanesbrands Inc. has a 12 month low of $14.39 and a 12 month high of $23.33. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 8.82, a P/E/G ratio of 0.91 and a beta of 0.36. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.79 and a current ratio of 1.84.
Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, November 1st. The textile maker reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. Hanesbrands had a return on equity of 85.49% and a net margin of 0.10%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Equities research analysts expect that Hanesbrands Inc. will post 1.73 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 13th were given a $0.15 dividend. The ex-dividend date was Friday, November 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.96%. Hanesbrands’s dividend payout ratio (DPR) is presently 31.09%.
In related news, CFO Barry Hytinen purchased 10,100 shares of Hanesbrands stock in a transaction on Tuesday, November 20th. The shares were purchased at an average price of $14.59 per share, for a total transaction of $147,359.00. Following the transaction, the chief financial officer now owns 91,238 shares of the company’s stock, valued at approximately $1,331,162.42. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ronald L. Nelson acquired 25,000 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was acquired at an average cost of $15.95 per share, for a total transaction of $398,750.00. Following the completion of the purchase, the director now directly owns 131,683 shares in the company, valued at $2,100,343.85. The disclosure for this purchase can be found here. Insiders acquired a total of 61,600 shares of company stock worth $940,079 in the last quarter. Corporate insiders own 1.06% of the company’s stock.
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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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