Private Advisor Group LLC grew its position in shares of Hanesbrands Inc. (NYSE:HBI) by 51.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,158 shares of the textile maker’s stock after buying an additional 12,238 shares during the quarter. Private Advisor Group LLC’s holdings in Hanesbrands were worth $851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alps Advisors Inc. lifted its holdings in shares of Hanesbrands by 0.3% during 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 period. CIBC Asset Management Inc lifted its holdings in shares of Hanesbrands by 0.3% during 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 period. Sentry Investment Management LLC lifted its holdings in shares of Hanesbrands by 0.4% during the 2nd quarter. Sentry Investment Management LLC now owns 24,878 shares of the textile maker’s stock valued at $576,000 after buying an additional 109 shares during the period. ARGI Investment Services LLC lifted its holdings in shares of Hanesbrands by 1.2% during 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 period. Finally, QS Investors LLC lifted its holdings in shares of Hanesbrands by 2.8% during the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock valued at $118,000 after buying an additional 140 shares during the period. 96.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hanesbrands Inc. (NYSE HBI) opened at $20.75 on Friday. Hanesbrands Inc. has a 12 month low of $18.90 and a 12 month high of $25.73. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $7,503.14, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 1.18 and a beta of 0.70.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.60. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the business posted $0.56 EPS. Hanesbrands’s revenue for the quarter was up 2.2% compared to the same quarter last year. equities analysts expect that Hanesbrands Inc. will post 1.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.89%. Hanesbrands’s payout ratio is presently 37.04%.

Several research firms have recently commented on HBI. ValuEngine lowered 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 restated a “buy” rating and issued a $33.00 price objective on shares of Hanesbrands in a research note on Thursday, September 21st. Instinet lowered 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 lowered 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 analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. Hanesbrands has a consensus rating of “Hold” and a consensus price target of $26.13.

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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.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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