Farmers & Merchants Investments Inc. Has $3.678 Million Position in Hanesbrands Inc. (HBI)
Farmers & Merchants Investments Inc. increased its position in Hanesbrands Inc. (NYSE:HBI) by 104.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 177,162 shares of the textile maker’s stock after buying an additional 90,511 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Hanesbrands were worth $3,678,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Hanesbrands by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,666 shares of the textile maker’s stock worth $467,000 after buying an additional 89 shares during the last quarter. Raymond James Trust N.A. boosted its stake in Hanesbrands by 1.2% in the first quarter. Raymond James Trust N.A. now owns 18,466 shares of the textile maker’s stock valued at $383,000 after buying an additional 224 shares in the last quarter. Brown Advisory Inc. boosted its stake in Hanesbrands by 0.8% in the fourth quarter. Brown Advisory Inc. now owns 29,815 shares of the textile maker’s stock valued at $643,000 after buying an additional 235 shares in the last quarter. Advantus Capital Management Inc boosted its stake in Hanesbrands by 0.7% in the third quarter. Advantus Capital Management Inc now owns 37,574 shares of the textile maker’s stock valued at $949,000 after buying an additional 277 shares in the last quarter. Finally, Argentus Capital Management LLC boosted its stake in Hanesbrands by 3.5% in the third quarter. Argentus Capital Management LLC now owns 8,509 shares of the textile maker’s stock valued at $215,000 after buying an additional 286 shares in the last quarter. 96.30% of the stock is owned by hedge funds and other institutional investors.
Hanesbrands Inc. (NYSE:HBI) traded down 0.33% during mid-day trading on Tuesday, hitting $21.26. The stock had a trading volume of 2,702,828 shares. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 15.12 and a beta of 0.90. Hanesbrands Inc. has a 12 month low of $18.91 and a 12 month high of $30.42. The firm’s 50-day moving average is $20.49 and its 200 day moving average is $22.45.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, February 2nd. The textile maker reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.05. Hanesbrands had a return on equity of 64.51% and a net margin of 8.95%. The business earned $1.58 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the company posted $0.44 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts anticipate that Hanesbrands Inc. will post $1.97 EPS for the current fiscal year.
HBI has been the subject of a number of recent research reports. Brean Capital restated a “buy” rating on shares of Hanesbrands in a research note on Wednesday, January 11th. Goldman Sachs Group Inc started coverage on Hanesbrands in a research note on Tuesday, March 28th. They set a “neutral” rating and a $20.00 price objective for the company. Stifel Nicolaus dropped their price objective on Hanesbrands from $26.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, February 3rd. FBR & Co set a $33.00 price objective on Hanesbrands and gave the stock a “buy” rating in a research note on Tuesday, February 14th. Finally, Credit Suisse Group AG restated a “focus list” rating on shares of Hanesbrands in a research note on Tuesday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Hanesbrands has a consensus rating of “Buy” and a consensus target price of $28.72.
In related 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 value of $831,328.58. Following the completion of the transaction, 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 purchased 5,000 shares of the stock in a transaction that occurred on Friday, March 10th. The stock was acquired at an average cost of $19.92 per share, with a total value of $99,600.00. Following the acquisition, the director now owns 105,652 shares in the company, valued at approximately $2,104,587.84. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.
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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