Teacher Retirement System of Texas Has $703,000 Stake in HanesBrands Inc. (HBI)
Teacher Retirement System of Texas increased its position in HanesBrands Inc. (NYSE:HBI) by 31.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,962 shares of the company’s stock after buying an additional 6,625 shares during the period. Teacher Retirement System of Texas’ holdings in HanesBrands were worth $703,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Feltz Wealth PLAN Inc. acquired a new stake in shares of HanesBrands during the second quarter valued at approximately $132,000. IFP Advisors Inc raised its stake in shares of HanesBrands by 4.7% in the first quarter. IFP Advisors Inc now owns 6,861 shares of the company’s stock valued at $194,000 after buying an additional 308 shares in the last quarter. Amica Retiree Medical Trust raised its stake in shares of HanesBrands by 146.1% in the second quarter. Amica Retiree Medical Trust now owns 8,034 shares of the company’s stock valued at $202,000 after buying an additional 4,770 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of HanesBrands during the first quarter valued at approximately $218,000. Finally, Advisor Partners LLC raised its stake in shares of HanesBrands by 9.1% in the first quarter. Advisor Partners LLC now owns 7,717 shares of the company’s stock valued at $219,000 after buying an additional 641 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.
HanesBrands Inc. (NYSE:HBI) traded up 0.219% on Friday, reaching $25.215. 1,036,895 shares of the company’s stock were exchanged. The company has a market cap of $9.53 billion, a P/E ratio of 20.237 and a beta of 1.02. HanesBrands Inc. has a 12-month low of $23.25 and a 12-month high of $33.24. The firm has a 50 day moving average of $26.54 and a 200-day moving average of $27.00.
HanesBrands (NYSE:HBI) last announced its earnings results on Tuesday, August 2nd. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by $0.01. HanesBrands had a net margin of 8.60% and a return on equity of 59.48%. The business earned $1.47 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the company posted $0.50 earnings per share. HanesBrands’s quarterly revenue was down 3.4% on a year-over-year basis. Equities analysts expect that HanesBrands Inc. will post $1.92 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Tuesday, August 16th were issued a $0.11 dividend. The ex-dividend date was Friday, August 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.75%. HanesBrands’s payout ratio is 35.20%.
Several brokerages have recently commented on HBI. Credit Suisse Group AG reiterated a “buy” rating and set a $37.00 price objective on shares of HanesBrands in a report on Wednesday, September 14th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $35.00 price objective on shares of HanesBrands in a report on Tuesday, August 2nd. Citigroup Inc. decreased their price objective on HanesBrands from $37.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, August 4th. FBR & Co reiterated an “outperform” rating and set a $39.00 price objective on shares of HanesBrands in a report on Thursday, July 7th. Finally, Zacks Investment Research upgraded HanesBrands from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $34.14.
In other HanesBrands news, CEO Richard A. Noll bought 20,000 shares of HanesBrands stock in a transaction dated Tuesday, August 9th. The stock was acquired at an average cost of $25.74 per share, with a total value of $514,800.00. Following the completion of the acquisition, the chief executive officer now owns 870,077 shares of the company’s stock, valued at $22,395,781.98. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.
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.
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