Parnassus Investments CA lifted its position in shares of Hanesbrands Inc. (NYSE:HBI) by 0.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,136,129 shares of the textile maker’s stock after purchasing an additional 80,397 shares during the quarter. Parnassus Investments CA owned about 4.75% of Hanesbrands worth $214,716,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of HBI. State of Alaska Department of Revenue lifted its stake in Hanesbrands by 7.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 87,653 shares of the textile maker’s stock worth $1,614,000 after acquiring an additional 6,445 shares in the last quarter. RWC Asset Management LLP lifted its position in shares of Hanesbrands by 15.2% during the 3rd quarter. RWC Asset Management LLP now owns 379,089 shares of the textile maker’s stock worth $6,987,000 after buying an additional 49,962 shares during the period. Global Trust Asset Management LLC lifted its position in shares of Hanesbrands by 40.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 10,427 shares of the textile maker’s stock worth $192,000 after buying an additional 2,977 shares during the period. Verity & Verity LLC lifted its position in shares of Hanesbrands by 6.7% during the 3rd quarter. Verity & Verity LLC now owns 150,044 shares of the textile maker’s stock worth $2,766,000 after buying an additional 9,459 shares during the period. Finally, PenderFund Capital Management Ltd. lifted its position in shares of Hanesbrands by 4,266.8% during the 3rd quarter. PenderFund Capital Management Ltd. now owns 336,246 shares of the textile maker’s stock worth $7,455,000 after buying an additional 328,546 shares during the period.
Shares of HBI opened at $18.49 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 3.64. Hanesbrands Inc. has a 52-week low of $11.57 and a 52-week high of $22.57. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 1.01 and a beta of 0.86.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, February 7th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. Hanesbrands had a return on equity of 76.43% and a net margin of 8.13%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. On average, equities research analysts forecast that Hanesbrands Inc. will post 1.76 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 19th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 15th. This represents a $0.60 annualized dividend and a dividend yield of 3.24%. Hanesbrands’s dividend payout ratio (DPR) is currently 35.09%.
In related news, CEO Gerald Evans acquired 6,500 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was acquired at an average cost of $14.98 per share, with a total value of $97,370.00. Following the completion of the purchase, the chief executive officer now directly owns 1,392,949 shares in the company, valued at $20,866,376.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jessica Tuchman Mathews sold 15,000 shares of Hanesbrands stock in a transaction on Friday, December 14th. The stock was sold at an average price of $13.57, for a total value of $203,550.00. Following the sale, the director now directly owns 139,693 shares of the company’s stock, valued at $1,895,634.01. The disclosure for this sale can be found here. Insiders bought a total of 36,600 shares of company stock valued at $541,329 over the last three months. Insiders own 1.06% of the company’s stock.
Several equities analysts recently commented on the company. Zacks Investment Research upgraded Hanesbrands from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Barclays set a $16.00 target price on Hanesbrands and gave the stock a “hold” rating in a research report on Friday, January 11th. Wells Fargo & Co cut their target price on Hanesbrands from $18.00 to $14.00 and set a “market perform” rating for the company in a research report on Wednesday, January 2nd. Buckingham Research cut their target price on Hanesbrands from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, October 17th. Finally, Deutsche Bank downgraded Hanesbrands from a “buy” rating to a “hold” rating and cut their target price for the stock from $24.00 to $16.00 in a research report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $20.53.
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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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