Cullen Frost Bankers Inc. lowered its stake in Hanesbrands Inc. (NYSE:HBI) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 11,190 shares of the textile maker’s stock after selling 50 shares during the period. Cullen Frost Bankers Inc.’s holdings in Hanesbrands were worth $259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strs Ohio boosted its position in Hanesbrands by 0.7% in the first quarter. Strs Ohio now owns 482,948 shares of the textile maker’s stock valued at $10,026,000 after buying an additional 3,571 shares in the last quarter. Vanguard Group Inc. boosted its position in Hanesbrands by 6.2% in the first quarter. Vanguard Group Inc. now owns 36,962,193 shares of the textile maker’s stock valued at $767,336,000 after buying an additional 2,158,679 shares in the last quarter. M. Kraus & Co purchased a new position in Hanesbrands during the first quarter valued at about $2,537,000. Farmers & Merchants Investments Inc. boosted its position in Hanesbrands by 104.5% in the first quarter. Farmers & Merchants Investments Inc. now owns 177,162 shares of the textile maker’s stock valued at $3,678,000 after buying an additional 90,511 shares in the last quarter. Finally, Park Avenue Institutional Advisers LLC purchased a new position in Hanesbrands during the first quarter valued at about $534,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

Shares of Hanesbrands Inc. (NYSE:HBI) opened at 24.31 on Thursday. Hanesbrands Inc. has a 52-week low of $18.91 and a 52-week high of $28.24. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of 15.93 and a beta of 0.73. The stock has a 50 day moving average of $23.17 and a 200 day moving average of $21.68.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th will be issued a $0.15 dividend. 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 currently 39.47%.

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HBI has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Hanesbrands from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Credit Suisse Group set a $28.00 target price on shares of Hanesbrands and gave the stock a “buy” rating in a research report on Thursday, July 27th. BidaskClub upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Oppenheimer Holdings, Inc. set a $32.00 target price on shares of Hanesbrands and gave the stock a “buy” rating in a research report on Wednesday, April 12th. Finally, UBS AG restated a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Hanesbrands in a research report on Wednesday, August 2nd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $27.57.

In related news, CFO Richard D. Moss sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $24.08, for a total value of $481,600.00. Following the sale, the chief financial officer now directly owns 254,487 shares in the company, valued at approximately $6,128,046.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerald Evans sold 43,379 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 1,056,314 shares in the company, valued at $24,485,358.52. The disclosure for this sale can be found here. Insiders sold a total of 130,329 shares of company stock worth $3,016,617 over the last quarter. 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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