Dimensional Fund Advisors LP Acquires 23,114 Shares of Hanesbrands Inc. (HBI)
Dimensional Fund Advisors LP raised its position in shares of Hanesbrands Inc. (NYSE:HBI) by 2.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,147,948 shares of the textile maker’s stock after buying an additional 23,114 shares during the period. Dimensional Fund Advisors LP owned about 0.30% of Hanesbrands worth $23,831,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Van ECK Associates Corp boosted its position in shares of Hanesbrands by 7.4% in the first quarter. Van ECK Associates Corp now owns 5,995 shares of the textile maker’s stock valued at $124,000 after buying an additional 415 shares in the last quarter. Carroll Financial Associates Inc. boosted its position in shares of Hanesbrands by 24.4% in the first quarter. Carroll Financial Associates Inc. now owns 5,997 shares of the textile maker’s stock valued at $124,000 after buying an additional 1,177 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Hanesbrands by 11.6% in the first quarter. SRS Capital Advisors Inc. now owns 6,812 shares of the textile maker’s stock valued at $141,000 after buying an additional 708 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of 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 in the last quarter. Finally, Global X Management Co. LLC boosted its position in shares of Hanesbrands by 42.2% in the first quarter. Global X Management Co. LLC now owns 7,903 shares of the textile maker’s stock valued at $164,000 after buying an additional 2,346 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.
Hanesbrands Inc. (HBI) traded up 0.66% during trading on Tuesday, hitting $24.45. 759,108 shares of the stock were exchanged. The stock’s 50 day moving average is $22.90 and its 200-day moving average is $21.59. Hanesbrands Inc. has a one year low of $18.91 and a one year high of $28.24. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 16.02 and a beta of 0.73.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. On average, equities research analysts expect that Hanesbrands Inc. will post $1.99 earnings per share for the current fiscal year.
The firm also recently declared 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Friday, August 11th. Hanesbrands’s dividend payout ratio (DPR) is 39.47%.
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Several brokerages have issued reports on HBI. Vetr cut shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price objective on the stock. in a research note on Monday. Morgan Stanley boosted their price objective on shares of Hanesbrands from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday. Credit Suisse Group reissued a “buy” rating and issued a $30.00 price objective on shares of Hanesbrands in a research note on Thursday, August 3rd. BidaskClub raised shares of Hanesbrands from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Zacks Investment Research cut shares of Hanesbrands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $27.61.
In other news, insider John T. Marsh sold 11,100 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $22.57, for a total transaction of $250,527.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gerald Evans sold 43,379 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $23.18, for a total value of $1,005,525.22. Following the transaction, the chief executive officer now directly owns 1,056,314 shares in the company, valued at $24,485,358.52. The disclosure for this sale can be found here. Insiders have sold 110,329 shares of company stock worth $2,535,017 over the last three months. Corporate insiders own 1.10% 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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