Garrison Financial Corp increased its stake in Hanesbrands Inc. (NYSE:HBI) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 66,889 shares of the textile maker’s stock after buying an additional 214 shares during the period. Garrison Financial Corp’s holdings in Hanesbrands were worth $1,549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HBI. Rothschild Investment Corp IL bought a new position in shares of Hanesbrands during the first quarter valued at $625,000. Ledyard National Bank raised its position 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 valued at $1,210,000 after buying an additional 1,540 shares during the period. Lederer & Associates Investment Counsel CA bought a new position in shares of Hanesbrands during the first quarter valued at $1,185,000. DnB Asset Management AS raised its position 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 valued at $780,000 after buying an additional 4,700 shares during the period. Finally, Farmers & Merchants Investments Inc. raised its position 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 valued at $3,678,000 after buying an additional 90,511 shares during the period. 93.68% of the stock is owned by institutional investors.

Shares of Hanesbrands Inc. (NYSE:HBI) opened at 23.93 on Friday. Hanesbrands Inc. has a one year low of $18.91 and a one year high of $28.24. The firm has a market cap of $8.72 billion, a PE ratio of 15.68 and a beta of 0.73. The company has a 50-day moving average of $23.27 and a 200 day moving average of $21.71.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.53. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Hanesbrands had a return on equity of 67.82% and a net margin of 10.46%. Hanesbrands’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 EPS. On average, equities research analysts expect that Hanesbrands Inc. will post $1.99 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Friday, August 11th. Hanesbrands’s dividend payout ratio is presently 39.47%.

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Several research analysts have weighed in on the stock. UBS AG reaffirmed a “buy” rating and set a $27.00 target price (up previously from $25.00) on shares of Hanesbrands in a research note on Tuesday. Zacks Investment Research lowered shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub raised shares of Hanesbrands from a “sell” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley raised 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, August 7th. Finally, Vetr lowered shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price objective for the company. in a research note on Monday, August 7th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.57.

In other Hanesbrands news, insider W Howard Upchurch, Jr. sold 55,850 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was 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 owns 579,663 shares in the company, valued at approximately $13,274,282.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard D. Moss sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $24.08, for a total value of $481,600.00. Following the completion of the transaction, the chief financial officer now owns 254,487 shares of the company’s stock, valued at approximately $6,128,046.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,329 shares of company stock valued at $3,016,617. 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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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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