Raymond James Financial Services Advisors Inc. Has $6.64 Million Stake in Hanesbrands Inc. (HBI)
Raymond James Financial Services Advisors Inc. lifted its stake in Hanesbrands Inc. (NYSE:HBI) by 6.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 269,407 shares of the textile maker’s stock after buying an additional 15,190 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.07% of Hanesbrands worth $6,638,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Freestone Capital Holdings LLC increased its holdings in Hanesbrands by 14.0% during the 2nd quarter. Freestone Capital Holdings LLC now owns 180,729 shares of the textile maker’s stock valued at $4,186,000 after purchasing an additional 22,190 shares during the period. Tradition Capital Management LLC increased its holdings in Hanesbrands by 21.8% during the 2nd quarter. Tradition Capital Management LLC now owns 249,960 shares of the textile maker’s stock valued at $5,789,000 after purchasing an additional 44,785 shares during the period. Rothschild Investment Corp IL increased its holdings in Hanesbrands by 63.4% during the 3rd quarter. Rothschild Investment Corp IL now owns 97,860 shares of the textile maker’s stock valued at $2,411,000 after purchasing an additional 37,986 shares during the period. Hosking Partners LLP increased its holdings in Hanesbrands by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 630,125 shares of the textile maker’s stock valued at $14,594,000 after purchasing an additional 10,212 shares during the period. Finally, Washington Trust Bank increased its holdings in Hanesbrands by 50.0% during 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 period. Hedge funds and other institutional investors own 95.96% of the company’s stock.
HBI has been the topic of a number of research analyst reports. Deutsche Bank AG initiated coverage on Hanesbrands in a report on Monday, October 23rd. They set a “buy” rating and a $29.00 price target on the stock. ValuEngine downgraded Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Monday, October 9th. Credit Suisse Group set a $28.00 target price on Hanesbrands and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, B. Riley reiterated a “buy” rating on shares of Hanesbrands in a report on Thursday, November 2nd. 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 company’s stock. Hanesbrands presently has a consensus rating of “Hold” and a consensus price target of $26.13.
In related news, insider John T. Marsh sold 10,325 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $24.27, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
Shares of Hanesbrands Inc. (NYSE:HBI) opened at $19.75 on Tuesday. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.88 and a quick ratio of 0.85. Hanesbrands Inc. has a 12-month low of $18.90 and a 12-month high of $25.73. The company has a market capitalization of $7,160.00, a P/E ratio of 10.00, a PEG ratio of 1.12 and a beta of 0.76.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the firm posted $0.56 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. research analysts predict that Hanesbrands Inc. will post 1.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be given a $0.15 dividend. The ex-dividend date is Monday, November 13th. This represents a $0.60 annualized dividend and a yield of 3.04%. Hanesbrands’s dividend payout ratio (DPR) is presently 37.04%.
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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