Diamond Hill Capital Management Inc. cut its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 8.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,223,921 shares of the textile maker’s stock after selling 889,979 shares during the period. Diamond Hill Capital Management Inc. owned about 2.53% of Hanesbrands worth $227,277,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HBI. Victory Capital Management Inc. raised its stake in Hanesbrands by 53.6% during the 1st quarter. Victory Capital Management Inc. now owns 48,281 shares of the textile maker’s stock valued at $1,002,000 after buying an additional 16,846 shares during the last quarter. Principal Financial Group Inc. raised its stake in Hanesbrands by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 587,903 shares of the textile maker’s stock valued at $12,205,000 after buying an additional 11,691 shares during the last quarter. Teachers Advisors LLC raised its stake in Hanesbrands by 2.7% during the 1st quarter. Teachers Advisors LLC now owns 913,362 shares of the textile maker’s stock valued at $18,961,000 after buying an additional 24,181 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in Hanesbrands by 6.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 13,990 shares of the textile maker’s stock valued at $290,000 after buying an additional 900 shares during the last quarter. Finally, Global X Management Co. LLC raised its stake in Hanesbrands by 42.2% during the 1st quarter. Global X Management Co. LLC now owns 7,903 shares of the textile maker’s stock valued at $164,000 after buying an additional 2,346 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company’s stock.

HBI has been the subject of a number of research reports. Credit Suisse Group set a $28.00 target price on shares of Hanesbrands and gave the company a “buy” rating in a research note on Thursday, July 27th. BidaskClub upgraded shares of Hanesbrands from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Vetr lowered shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 target price for the company. in a research note on Monday, August 28th. UBS AG reiterated a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Hanesbrands in a research note on Tuesday, August 8th. Finally, Instinet lowered shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. Hanesbrands has a consensus rating of “Buy” and a consensus price target of $27.27.

In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of Hanesbrands stock in a transaction on Monday, August 28th. The shares were sold at an average price of $24.27, for a total value of $250,587.75. Following the completion of the transaction, the insider now owns 99,997 shares of the company’s stock, valued at $2,426,927.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard D. Moss sold 20,000 shares of Hanesbrands stock in a transaction 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 directly 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. 1.10% of the stock is currently owned by insiders.

Shares of Hanesbrands Inc. (HBI) traded up 1.47% on Friday, reaching $23.49. 3,548,110 shares of the company traded hands. The company has a 50-day moving average of $24.38 and a 200-day moving average of $22.89. Hanesbrands Inc. has a 1-year low of $18.91 and a 1-year high of $27.07. The stock has a market capitalization of $8.56 billion, a price-to-earnings ratio of 15.39 and a beta of 0.72.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts anticipate that Hanesbrands Inc. will post $1.99 earnings per share for the current fiscal year.

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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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