Hanesbrands Inc. (HBI) Shares Sold by HL Financial Services LLC
HL Financial Services LLC cut its position in shares of Hanesbrands Inc. (NYSE:HBI) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,860 shares of the textile maker’s stock after selling 1,652 shares during the period. HL Financial Services LLC’s holdings in Hanesbrands were worth $1,016,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of HBI. Ledyard National Bank increased its stake in shares of Hanesbrands by 2.7% in the first quarter. Ledyard National Bank now owns 58,290 shares of the textile maker’s stock worth $1,210,000 after buying an additional 1,540 shares in the last quarter. Lederer & Associates Investment Counsel CA acquired a new stake in shares of Hanesbrands during the first quarter worth $1,185,000. DnB Asset Management AS increased its stake in shares of Hanesbrands by 14.3% in the first quarter. DnB Asset Management AS now owns 37,552 shares of the textile maker’s stock worth $780,000 after buying an additional 4,700 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of Hanesbrands by 104.5% in the first quarter. Farmers & Merchants Investments Inc. now owns 177,162 shares of the textile maker’s stock worth $3,678,000 after buying an additional 90,511 shares in the last quarter. Finally, M. Kraus & Co acquired a new stake in shares of Hanesbrands during the first quarter worth $2,537,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.
Hanesbrands Inc. (NYSE:HBI) opened at 23.95 on Friday. The stock has a 50 day moving average price of $23.22 and a 200-day moving average price of $21.70. The company has a market capitalization of $8.73 billion, a PE ratio of 15.69 and a beta of 0.73. Hanesbrands Inc. has a 52 week low of $18.91 and a 52 week high of $28.24.
Hanesbrands (NYSE:HBI) last announced its earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts predict that Hanesbrands Inc. will post $1.99 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.60 annualized dividend and a yield of 2.51%. Hanesbrands’s dividend payout ratio (DPR) is presently 39.47%.
A number of brokerages have weighed in on HBI. UBS AG reaffirmed a “buy” rating and issued a $27.00 target price (up previously from $25.00) on shares of Hanesbrands in a report on Tuesday. BidaskClub raised Hanesbrands from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research downgraded Hanesbrands from a “buy” rating to a “hold” rating in a report on Wednesday. Vetr downgraded Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 target price on the stock. in a report on Monday. Finally, Morgan Stanley raised their target price on Hanesbrands from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $27.57.
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 value of $1,278,965.00. Following the completion of the transaction, the insider now directly owns 579,663 shares in the company, valued at $13,274,282.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John T. Marsh sold 11,100 shares of the company’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 disclosure for this sale can be found here. Insiders sold 130,329 shares of company stock valued at $3,016,617 over the last quarter. 1.10% of the stock is owned by company 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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