BB&T Securities LLC lessened its stake in Hanesbrands Inc. (NYSE:HBI) by 60.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 217,877 shares of the textile maker’s stock after selling 326,743 shares during the period. BB&T Securities LLC owned approximately 0.06% of Hanesbrands worth $2,729,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Atlas Capital Advisors LLC bought a new stake in Hanesbrands in the 4th quarter worth approximately $39,000. Clean Yield Group bought a new stake in shares of Hanesbrands during the 4th quarter valued at $55,000. Private Capital Group LLC grew its position in shares of Hanesbrands by 33.9% during the 4th quarter. Private Capital Group LLC now owns 5,120 shares of the textile maker’s stock valued at $64,000 after acquiring an additional 1,296 shares during the period. Truvestments Capital LLC bought a new stake in shares of Hanesbrands during the 3rd quarter valued at $129,000. Finally, ETF Managers Group LLC grew its position in shares of Hanesbrands by 20.1% during the 4th quarter. ETF Managers Group LLC now owns 7,339 shares of the textile maker’s stock valued at $92,000 after acquiring an additional 1,226 shares during the period.
A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a research report on Friday, February 8th. Barclays set a $19.00 price objective on shares of Hanesbrands and gave the company a “hold” rating in a research report on Saturday, February 9th. Zacks Investment Research downgraded shares of Hanesbrands from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Citigroup boosted their price objective on shares of Hanesbrands from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, December 3rd. Finally, Nomura cut their price objective on shares of Hanesbrands from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.53.
In related news, CEO Gerald Evans purchased 6,500 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were acquired at an average price of $14.98 per share, for a total transaction of $97,370.00. Following 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 SEC, which can be accessed through this link. Also, Director Jessica Tuchman Mathews sold 15,000 shares of the business’s stock in a transaction on Friday, December 14th. The stock was sold at an average price of $13.57, for a total transaction of $203,550.00. Following the completion of the sale, the director now owns 139,693 shares in the company, valued at approximately $1,895,634.01. The disclosure for this sale can be found here. Insiders purchased a total of 36,600 shares of company stock valued at $541,329 in the last ninety days. 1.06% of the stock is currently owned by insiders.
Shares of Hanesbrands stock opened at $18.82 on Thursday. The firm has a market capitalization of $6.74 billion, a P/E ratio of 11.01, a PEG ratio of 1.01 and a beta of 0.86. 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 fifty-two week low of $11.57 and a fifty-two week high of $22.57.
Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, February 7th. The textile maker reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. Hanesbrands had a net margin of 8.13% and a return on equity of 76.43%. Hanesbrands’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. On average, sell-side analysts forecast that Hanesbrands Inc. will post 1.76 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Tuesday, February 19th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, February 15th. Hanesbrands’s dividend payout ratio is currently 35.09%.
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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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