Schwab Charles Investment Management Inc. boosted its stake in Hanesbrands Inc. (NYSE:HBI) by 4.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,236,077 shares of the textile maker’s stock after purchasing an additional 51,335 shares during the period. Schwab Charles Investment Management Inc. owned about 0.34% of Hanesbrands worth $28,628,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC increased its holdings in Hanesbrands by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 5,000 shares of the textile maker’s stock valued at $103,000 after purchasing an additional 1,000 shares during the last quarter. Van ECK Associates Corp increased its holdings in Hanesbrands by 7.4% in the 1st quarter. Van ECK Associates Corp now owns 5,995 shares of the textile maker’s stock valued at $124,000 after purchasing an additional 415 shares during the last quarter. Washington Trust Bank increased its holdings in Hanesbrands by 50.0% in the 2nd quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock valued at $139,000 after purchasing an additional 2,000 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in Hanesbrands by 11.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 6,812 shares of the textile maker’s stock valued at $141,000 after purchasing an additional 708 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Hanesbrands by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 7,716 shares of the textile maker’s stock valued at $160,000 after purchasing an additional 247 shares during the last quarter. Hedge funds and other institutional investors own 94.35% of the company’s stock.

Shares of Hanesbrands Inc. (HBI) opened at 25.25 on Friday. The stock’s 50 day moving average is $24.22 and its 200 day moving average is $22.20. Hanesbrands Inc. has a 52-week low of $18.91 and a 52-week high of $27.07. The stock has a market capitalization of $9.20 billion, a PE ratio of 16.54 and a beta of 0.71.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data 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 quarter in the prior year, the business earned $0.51 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts expect that Hanesbrands Inc. will post $1.99 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Tuesday, August 15th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Friday, August 11th. Hanesbrands’s payout ratio is currently 39.47%.

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Several analysts recently weighed in on the stock. BidaskClub upgraded shares of Hanesbrands from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Vetr downgraded shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 target price for the company. in a report on Monday, August 7th. Zacks Investment Research downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Credit Suisse Group reiterated a “buy” rating and issued a $30.00 target price on shares of Hanesbrands in a report on Thursday, August 3rd. Finally, UBS AG reiterated a “buy” rating and issued a $27.00 target price (up previously from $25.00) on shares of Hanesbrands in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $27.18.

In related news, 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 transaction of $1,005,525.22. Following the completion of the sale, the chief executive officer now directly owns 1,056,314 shares of the company’s stock, valued at approximately $24,485,358.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John T. Marsh sold 10,325 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $24.27, for a total transaction of $250,587.75. Following the sale, the insider now directly owns 99,997 shares of the company’s stock, valued at $2,426,927.19. The disclosure for this sale can be found here. Insiders sold 73,704 shares of company stock valued at $1,737,713 in the last three months. Company insiders own 1.10% of the company’s stock.

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.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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