Golub Group LLC Makes New $2.45 Million Investment in Hanesbrands Inc. (NYSE:HBI)

Golub Group LLC purchased a new position in shares of Hanesbrands Inc. (NYSE:HBI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 159,810 shares of the textile maker’s stock, valued at approximately $2,448,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in shares of Hanesbrands by 39.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,238,700 shares of the textile maker’s stock valued at $21,330,000 after acquiring an additional 347,900 shares during the period. Coastal Investment Advisors Inc. grew its position in shares of Hanesbrands by 10,585.9% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 6,839 shares of the textile maker’s stock valued at $116,000 after acquiring an additional 6,775 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Hanesbrands by 113.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 499,013 shares of the textile maker’s stock valued at $8,593,000 after acquiring an additional 265,516 shares during the period. UBS Group AG grew its position in shares of Hanesbrands by 244.1% during the 2nd quarter. UBS Group AG now owns 2,027,579 shares of the textile maker’s stock valued at $34,915,000 after acquiring an additional 1,438,360 shares during the period. Finally, Comerica Bank grew its position in shares of Hanesbrands by 2.7% during the 2nd quarter. Comerica Bank now owns 72,853 shares of the textile maker’s stock valued at $1,201,000 after acquiring an additional 1,889 shares during the period. 90.72% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on HBI shares. Bank of America decreased their price target on shares of Hanesbrands from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. UBS Group decreased their price target on shares of Hanesbrands from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. Goldman Sachs Group set a $15.00 price target on shares of Hanesbrands and gave the company a “hold” rating in a research note on Friday, November 1st. ValuEngine lowered shares of Hanesbrands from a “sell” rating to a “strong sell” rating in a research note on Friday, November 1st. Finally, Citigroup decreased their price target on shares of Hanesbrands from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.00.

HBI traded up $0.02 during trading on Friday, reaching $15.86. The company’s stock had a trading volume of 3,945,617 shares, compared to its average volume of 5,248,945. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 3.11. The firm has a fifty day simple moving average of $15.27 and a two-hundred day simple moving average of $15.83. Hanesbrands Inc. has a 1 year low of $11.57 and a 1 year high of $19.38. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 2.25 and a beta of 1.17.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, October 31st. The textile maker reported $0.54 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.54. Hanesbrands had a net margin of 8.35% and a return on equity of 57.95%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the company posted $0.55 EPS. The business’s revenue was up 1.0% on a year-over-year basis. As a group, equities analysts forecast that Hanesbrands Inc. will post 1.77 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Friday, November 8th. Hanesbrands’s dividend payout ratio (DPR) is 35.09%.

In other news, insider Joia M. Johnson purchased 7,100 shares of Hanesbrands stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of $13.97 per share, with a total value of $99,187.00. Following the transaction, the insider now owns 115,830 shares in the company, valued at $1,618,145.10. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider W Howard Upchurch, Jr. sold 93,261 shares of Hanesbrands stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $16.14, for a total transaction of $1,505,232.54. Following the sale, the insider now directly owns 520,490 shares in the company, valued at approximately $8,400,708.60. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.

Hanesbrands Profile

Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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