New York State Common Retirement Fund Buys 14,500 Shares of Hanesbrands Inc. (HBI)
New York State Common Retirement Fund increased its stake in Hanesbrands Inc. (NYSE:HBI) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 861,899 shares of the textile maker’s stock after purchasing an additional 14,500 shares during the quarter. New York State Common Retirement Fund owned approximately 0.24% of Hanesbrands worth $21,237,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. QS Investors LLC raised its holdings in Hanesbrands by 2.8% during the second quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock valued at $118,000 after acquiring an additional 140 shares during the period. Archford Capital Strategies LLC grew its position in shares of Hanesbrands by 283.4% during the second quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock valued at $141,000 after purchasing an additional 1,247 shares in the last quarter. Commonwealth Bank of Australia grew its position in shares of Hanesbrands by 19.2% during the second quarter. Commonwealth Bank of Australia now owns 6,598 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 1,062 shares in the last quarter. IHT Wealth Management LLC grew its position in shares of Hanesbrands by 101.1% during the second quarter. IHT Wealth Management LLC now owns 2,652 shares of the textile maker’s stock valued at $159,000 after purchasing an additional 1,333 shares in the last quarter. Finally, Highstreet Asset Management Inc. purchased a new position in shares of Hanesbrands during the third quarter valued at about $181,000. 96.92% of the stock is currently owned by institutional investors.
Shares of Hanesbrands Inc. (HBI) traded up $0.29 during trading hours on Thursday, hitting $21.24. The company’s stock had a trading volume of 6,043,000 shares, compared to its average volume of 5,292,474. 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 $18.90 and a fifty-two week high of $25.73. The stock has a market capitalization of $7,638.04, a price-to-earnings ratio of 10.74, a PEG ratio of 1.20 and a beta of 0.70.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. analysts expect that Hanesbrands Inc. will post 1.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Monday, November 13th. Hanesbrands’s dividend payout ratio is presently 37.04%.
HBI has been the subject of a number of research analyst reports. B. Riley restated a “buy” rating on shares of Hanesbrands in a research report on Thursday, November 2nd. Barclays cut their price objective on Hanesbrands from $31.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Morgan Stanley cut their price objective on Hanesbrands from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, November 2nd. Vetr lowered Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price objective for the company. in a research report on Monday, August 28th. Finally, Instinet lowered Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a research report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $26.13.
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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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