Northwestern Mutual Investment Management Company LLC lowered its position in HanesBrands Inc. (NYSE:HBI) by 3.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,404 shares of the company’s stock after selling 550 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in HanesBrands were worth $362,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in HBI. Adage Capital Partners GP L.L.C. raised its position in shares of HanesBrands by 3.0% in the second quarter. Adage Capital Partners GP L.L.C. now owns 5,096,554 shares of the company’s stock worth $128,076,000 after buying an additional 149,700 shares during the period. Meritage Group LP raised its position in shares of HanesBrands by 112.9% in the second quarter. Meritage Group LP now owns 3,673,626 shares of the company’s stock worth $92,318,000 after buying an additional 1,948,446 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of HanesBrands by 10.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,671,586 shares of the company’s stock worth $92,267,000 after buying an additional 352,212 shares during the period. TimesSquare Capital Management LLC raised its position in shares of HanesBrands by 1.4% in the second quarter. TimesSquare Capital Management LLC now owns 3,237,825 shares of the company’s stock worth $81,367,000 after buying an additional 43,225 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of HanesBrands by 1.3% in the first quarter. Geode Capital Management LLC now owns 3,101,474 shares of the company’s stock worth $87,713,000 after buying an additional 41,096 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Shares of HanesBrands Inc. (NYSE:HBI) opened at 26.15 on Friday. The stock’s 50 day moving average price is $26.55 and its 200 day moving average price is $27.12. The company has a market cap of $9.88 billion, a PE ratio of 20.99 and a beta of 1.02. HanesBrands Inc. has a one year low of $23.25 and a one year high of $33.24.

HanesBrands (NYSE:HBI) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The firm earned $1.47 billion during the quarter, compared to the consensus estimate of $1.53 billion. HanesBrands had a net margin of 8.60% and a return on equity of 59.48%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. Equities analysts predict that HanesBrands Inc. will post $1.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Tuesday, August 16th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $0.44 annualized dividend and a yield of 1.68%. HanesBrands’s dividend payout ratio (DPR) is presently 35.20%.

HBI has been the subject of a number of research analyst reports. Wells Fargo & Co. reiterated a “buy” rating on shares of HanesBrands in a report on Wednesday, June 1st. Morgan Stanley reiterated a “buy” rating on shares of HanesBrands in a report on Wednesday, June 1st. Brean Capital restated a “buy” rating and issued a $37.00 target price (up from $35.00) on shares of HanesBrands in a research note on Thursday, June 2nd. Nomura restated a “sell” rating and issued a $31.00 target price on shares of HanesBrands in a research note on Wednesday, July 6th. Finally, FBR & Co restated an “outperform” rating and issued a $39.00 target price on shares of HanesBrands in a research note on Thursday, July 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $34.14.

In other news, CEO Richard A. Noll purchased 20,000 shares of HanesBrands stock in a transaction that occurred on Tuesday, August 9th. The stock was acquired at an average cost of $25.74 per share, for a total transaction of $514,800.00. Following the purchase, the chief executive officer now directly owns 870,077 shares of the company’s stock, valued at approximately $22,395,781.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

HanesBrands Company Profile

Hanesbrands Inc is a manufacturer and marketer of apparels. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports.

5 Day Chart for NYSE:HBI

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