Sandy Spring Bank increased its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 7.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 198,677 shares of the textile maker’s stock after purchasing an additional 13,608 shares during the period. Sandy Spring Bank owned 0.05% of Hanesbrands worth $4,602,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in HBI. Russell Investments Group Ltd. boosted its position in Hanesbrands by 76.0% during the 1st quarter. Russell Investments Group Ltd. now owns 144,027 shares of the textile maker’s stock worth $2,990,000 after purchasing an additional 62,190 shares during the period. Canada Pension Plan Investment Board boosted its position in Hanesbrands by 706.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 56,619 shares of the textile maker’s stock worth $1,175,000 after purchasing an additional 49,600 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Hanesbrands by 87.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 32,616 shares of the textile maker’s stock worth $696,000 after purchasing an additional 15,254 shares during the period. US Bancorp DE boosted its position in Hanesbrands by 21.0% during the 1st quarter. US Bancorp DE now owns 44,704 shares of the textile maker’s stock worth $928,000 after purchasing an additional 7,751 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Hanesbrands by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 3,671,713 shares of the textile maker’s stock worth $76,224,000 after purchasing an additional 25,957 shares during the period. 94.35% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the stock. ValuEngine cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Cowen and Company set a $22.00 price objective on shares of Hanesbrands and gave the company a “hold” rating in a research report on Thursday, August 24th. Finally, Oppenheimer Holdings, Inc. set a $32.00 price objective on shares of Hanesbrands and gave the company a “buy” rating in a research report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $27.18.

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In other Hanesbrands news, CEO Gerald Evans sold 43,379 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 1,056,314 shares of the company’s stock, valued at $24,485,358.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Richard D. Moss sold 20,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $24.08, for a total transaction of $481,600.00. Following the completion of the transaction, the chief financial officer now directly owns 254,487 shares of the company’s stock, valued at $6,128,046.96. The disclosure for this sale can be found here. Insiders have sold a total of 73,704 shares of company stock valued at $1,737,713 over the last three months. 1.10% of the stock is currently owned by insiders.

Shares of Hanesbrands Inc. (NYSE HBI) traded up 0.16% during midday trading on Friday, hitting $25.27. 4,230,588 shares of the company’s stock traded hands. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 16.56 and a beta of 0.71. Hanesbrands Inc. has a 1-year low of $18.91 and a 1-year high of $27.07. The company has a 50 day moving average price of $24.28 and a 200 day moving average price of $22.23.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts anticipate that Hanesbrands Inc. will post $1.99 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.37%. The ex-dividend date was Friday, August 11th. Hanesbrands’s dividend payout ratio is currently 39.47%.

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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