Hanesbrands Inc. (HBI) Position Reduced by Wellington Shields Capital Management LLC
Wellington Shields Capital Management LLC decreased its position in Hanesbrands Inc. (NYSE:HBI) by 20.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 166,040 shares of the textile maker’s stock after selling 43,400 shares during the period. Hanesbrands comprises about 0.5% of Wellington Shields Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding. Wellington Shields Capital Management LLC’s holdings in Hanesbrands were worth $4,091,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Alps Advisors Inc. boosted 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 worth $547,000 after purchasing an additional 61 shares during the period. CIBC Asset Management Inc boosted 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 worth $850,000 after purchasing an additional 106 shares during the period. Sentry Investment Management LLC boosted its stake in Hanesbrands by 0.4% in the 2nd quarter. Sentry Investment Management LLC now owns 24,878 shares of the textile maker’s stock worth $576,000 after purchasing an additional 109 shares during the period. ARGI Investment Services LLC boosted 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 worth $248,000 after purchasing an additional 127 shares during the period. Finally, QS Investors LLC boosted its stake in Hanesbrands by 2.8% in the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after purchasing an additional 140 shares during the period. 95.44% of the stock is owned by hedge funds and other institutional investors.
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A number of equities analysts recently commented on the stock. BidaskClub raised 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 price objective for the company. in a research note on Monday, August 7th. Zacks Investment Research lowered shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Credit Suisse Group reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Hanesbrands in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Hanesbrands in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $26.13.
In related 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 transaction, the insider now owns 99,997 shares in the company, valued at approximately $2,426,927.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.
Hanesbrands Inc. (NYSE:HBI) traded up $0.09 during trading on Tuesday, hitting $19.23. 4,679,100 shares of the stock were exchanged, compared to its average volume of 5,145,633. The company has a market cap of $7,032.83, a P/E ratio of 9.89, a P/E/G ratio of 1.10 and a beta of 0.73. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 2.90. Hanesbrands Inc. has a fifty-two week low of $18.91 and a fifty-two week high of $26.05.
Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. Hanesbrands’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. equities research analysts anticipate that Hanesbrands Inc. will post 1.94 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.12%. Hanesbrands’s dividend payout ratio is currently 37.04%.
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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