Commonwealth Bank of Australia boosted its stake in Hanesbrands Inc. (NYSE:HBI) by 19.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,598 shares of the textile maker’s stock after buying an additional 1,062 shares during the period. Commonwealth Bank of Australia’s holdings in Hanesbrands were worth $152,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Alps Advisors Inc. grew its stake in Hanesbrands by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 23,635 shares of the textile maker’s stock valued at $547,000 after buying an additional 61 shares during the last quarter. CIBC Asset Management Inc grew its stake in Hanesbrands by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 36,700 shares of the textile maker’s stock valued at $850,000 after buying an additional 106 shares during the last quarter. ARGI Investment Services LLC grew its stake in Hanesbrands by 1.2% in the 2nd quarter. ARGI Investment Services LLC now owns 10,696 shares of the textile maker’s stock valued at $248,000 after buying an additional 127 shares during the last quarter. Advantus Capital Management Inc grew its stake in Hanesbrands by 0.3% in the 1st quarter. Advantus Capital Management Inc now owns 37,884 shares of the textile maker’s stock valued at $786,000 after buying an additional 131 shares during the last quarter. Finally, Nicolet Bankshares Inc. grew its stake in Hanesbrands by 1.5% in the 2nd quarter. Nicolet Bankshares Inc. now owns 13,345 shares of the textile maker’s stock valued at $309,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Shares of Hanesbrands Inc. (NYSE HBI) opened at 24.71 on Wednesday. Hanesbrands Inc. has a one year low of $18.91 and a one year high of $27.07. The stock’s 50 day moving average is $24.37 and its 200-day moving average is $22.33. The company has a market cap of $9.01 billion, a P/E ratio of 16.19 and a beta of 0.71.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Tuesday, August 15th were paid a $0.15 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 2.43%. Hanesbrands’s payout ratio is 39.47%.

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HBI has been the topic of a number of research reports. ValuEngine lowered shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research lowered shares of Hanesbrands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Buckingham Research restated a “buy” rating and set a $30.00 target price on shares of Hanesbrands in a research report on Monday, July 17th. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Hanesbrands currently has a consensus rating of “Buy” and an average target price of $27.18.

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 transaction 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 $6,128,046.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John T. Marsh sold 10,325 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 99,997 shares of the company’s stock, valued at approximately $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 quarter. Corporate 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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