M. Kraus & Co Buys Shares of 122,195 Hanesbrands Inc. (HBI)
M. Kraus & Co bought a new position in Hanesbrands Inc. (NYSE:HBI) during the first quarter, Holdings Channel reports. The institutional investor bought 122,195 shares of the textile maker’s stock, valued at approximately $2,537,000. Hanesbrands comprises approximately 1.7% of M. Kraus & Co’s portfolio, making the stock its 29th largest position.
Several other hedge funds have also added to or reduced their stakes in the company. Engine Capital Management LLC acquired a new stake in Hanesbrands during the fourth quarter worth approximately $20,000,000. Global X Management Co. LLC increased its stake in Hanesbrands by 98.3% in the third quarter. Global X Management Co. LLC now owns 4,030 shares of the textile maker’s stock worth $102,000 after buying an additional 1,998 shares during the last quarter. Kernodle & Katon Asset Management Group LLC acquired a new stake in Hanesbrands during the third quarter worth approximately $114,000. Blenheim Capital Management BV acquired a new stake in Hanesbrands during the fourth quarter worth approximately $106,000. Finally, Van ECK Associates Corp acquired a new stake in Hanesbrands during the fourth quarter worth approximately $120,000. Institutional investors and hedge funds own 96.30% of the company’s stock.
Hanesbrands Inc. (NYSE:HBI) traded down 0.66% on Tuesday, hitting $21.19. 1,791,581 shares of the stock traded hands. The stock has a market capitalization of $8.03 billion, a P/E ratio of 15.07 and a beta of 0.90. The company’s 50 day moving average price is $20.49 and its 200-day moving average price is $22.45. Hanesbrands Inc. has a 12-month low of $18.91 and a 12-month high of $30.42.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, February 2nd. The textile maker reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.05. Hanesbrands had a return on equity of 64.51% and a net margin of 8.95%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the company earned $0.44 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. Analysts predict that Hanesbrands Inc. will post $1.97 EPS for the current year.
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A number of research firms recently commented on HBI. Zacks Investment Research upgraded shares of Hanesbrands from a “sell” rating to a “hold” rating in a report on Tuesday. DA Davidson set a $27.00 target price on shares of Hanesbrands and gave the stock a “buy” rating in a report on Saturday, April 8th. FBR & Co reiterated a “buy” rating on shares of Hanesbrands in a report on Saturday. Oppenheimer Holdings Inc. set a $32.00 target price on shares of Hanesbrands and gave the stock a “buy” rating in a report on Wednesday, April 12th. Finally, Vetr downgraded shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $25.60 target price on the stock. in a report on Wednesday, January 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $28.72.
In other Hanesbrands news, CEO Gerald Evans sold 41,033 shares of the stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $20.26, for a total transaction of $831,328.58. Following the sale, the chief executive officer now owns 1,061,098 shares of the company’s stock, valued at approximately $21,497,845.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald L. Nelson acquired 5,000 shares of the firm’s stock in a transaction on Friday, March 10th. The shares were bought at an average cost of $19.92 per share, for a total transaction of $99,600.00. Following the acquisition, the director now owns 105,652 shares in the company, valued at $2,104,587.84. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.
Hanesbrands Company Profile
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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