US Bancorp DE raised its stake in Hanesbrands Inc. (NYSE:HBI) by 23.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 55,145 shares of the textile maker’s stock after buying an additional 10,441 shares during the period. US Bancorp DE’s holdings in Hanesbrands were worth $1,277,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Advantus Capital Management Inc boosted its stake in Hanesbrands by 0.3% in the first quarter. Advantus Capital Management Inc now owns 37,884 shares of the textile maker’s stock valued at $786,000 after buying an additional 131 shares during the period. FTB Advisors Inc. boosted its stake in Hanesbrands by 1.8% in the first quarter. FTB Advisors Inc. now owns 11,227 shares of the textile maker’s stock valued at $233,000 after buying an additional 202 shares during the period. Meeder Asset Management Inc. boosted its stake in Hanesbrands by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 36,242 shares of the textile maker’s stock valued at $840,000 after buying an additional 202 shares during the period. 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 during the period. Finally, Pacer Advisors Inc. boosted its stake in Hanesbrands by 3.3% in the first quarter. Pacer Advisors Inc. now owns 7,716 shares of the textile maker’s stock valued at $160,000 after buying an additional 247 shares during the period. 93.68% of the stock is owned by institutional investors.

Hanesbrands Inc. (HBI) traded up 0.70% on Monday, hitting $24.46. The stock had a trading volume of 2,014,579 shares. Hanesbrands Inc. has a one year low of $18.91 and a one year high of $28.24. The company’s 50-day moving average price is $22.90 and its 200 day moving average price is $21.59. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 16.03 and a beta of 0.73.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. Analysts expect that Hanesbrands Inc. will post $1.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.47%. Hanesbrands’s payout ratio is 39.47%.

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Several research firms have issued reports on HBI. FBR & Co reissued a “buy” rating on shares of Hanesbrands in a research note on Saturday, April 15th. Vetr cut Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 target price for the company. in a research note on Monday. Morgan Stanley raised their target price on Hanesbrands from $22.00 to $24.00 and gave the stock a “weight” rating in a research note on Monday. ValuEngine cut Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised Hanesbrands from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $27.61.

In related news, insider W Howard Upchurch, Jr. sold 55,850 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $22.90, for a total transaction of $1,278,965.00. Following the completion of the sale, the insider now directly owns 579,663 shares of the company’s stock, valued at approximately $13,274,282.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gerald Evans sold 43,379 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $23.18, for a total transaction of $1,005,525.22. Following the sale, the chief executive officer now directly owns 1,056,314 shares of the company’s stock, valued at $24,485,358.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,438 shares of company stock valued at $3,450,467. Insiders own 1.10% of the company’s stock.

About Hanesbrands

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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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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