American International Group Inc. decreased its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 10.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,250 shares of the textile maker’s stock after selling 17,866 shares during the period. American International Group Inc.’s holdings in Hanesbrands were worth $3,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in Hanesbrands by 0.8% in the 2nd quarter. BlackRock Inc. now owns 23,050,392 shares of the textile maker’s stock valued at $533,848,000 after purchasing an additional 174,498 shares during the last quarter. State Street Corp raised its stake in Hanesbrands by 0.9% in the 2nd quarter. State Street Corp now owns 15,512,816 shares of the textile maker’s stock valued at $359,281,000 after purchasing an additional 136,465 shares during the last quarter. Bessemer Group Inc. raised its stake in Hanesbrands by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 5,977,411 shares of the textile maker’s stock valued at $147,284,000 after purchasing an additional 169,250 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Hanesbrands by 33.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,638,005 shares of the textile maker’s stock valued at $114,282,000 after purchasing an additional 1,159,722 shares during the last quarter. Finally, Check Capital Management Inc. CA raised its stake in Hanesbrands by 100.0% in the 3rd quarter. Check Capital Management Inc. CA now owns 4,413,635 shares of the textile maker’s stock valued at $108,752,000 after purchasing an additional 2,207,066 shares during the last quarter. Hedge funds and other institutional investors own 96.92% of the company’s stock.

Shares of Hanesbrands Inc. (HBI) traded down $0.14 during trading hours on Thursday, hitting $20.54. The company had a trading volume of 8,306,100 shares, compared to its average volume of 5,280,435. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 2.90. The firm has a market cap of $7,539.60, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 1.18 and a beta of 0.70. Hanesbrands Inc. has a 1 year low of $18.90 and a 1 year high of $25.73.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.80 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the company earned $0.56 EPS. sell-side analysts expect that Hanesbrands Inc. will post 1.94 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Monday, November 13th. Hanesbrands’s payout ratio is 37.04%.

Several research firms recently commented on HBI. ValuEngine downgraded Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Barclays began coverage on Hanesbrands in a research note on Tuesday, September 19th. They issued an “overweight” rating and a $31.00 price objective for the company. FBR & Co reissued a “buy” rating and issued a $33.00 price objective on shares of Hanesbrands in a research note on Thursday, September 21st. Instinet downgraded Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research note on Thursday, September 21st. Finally, Nomura downgraded Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.13.

WARNING: “Hanesbrands Inc. (HBI) Stake Lessened by American International Group Inc.” was first reported by Daily Political and is the property of of Daily Political. If you are accessing this news story on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this news story can be read at https://www.dailypolitical.com/2017/12/07/hanesbrands-inc-hbi-stake-lessened-by-american-international-group-inc.html.

Hanesbrands 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.

Want to see what other hedge funds are holding HBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanesbrands Inc. (NYSE:HBI).

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

Receive News & Ratings for Hanesbrands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.