Burney Co. Increases Holdings in Hanesbrands Inc. (HBI)

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Burney Co. raised its stake in Hanesbrands Inc. (NYSE:HBI) by 13.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,521 shares of the textile maker’s stock after buying an additional 5,160 shares during the quarter. Burney Co.’s holdings in Hanesbrands were worth $936,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Greylin Investment Mangement Inc. lifted its stake in Hanesbrands by 55.3% in the second quarter. Greylin Investment Mangement Inc. now owns 43,460 shares of the textile maker’s stock valued at $957,000 after buying an additional 15,475 shares in the last quarter. Carret Asset Management LLC lifted its stake in Hanesbrands by 10.9% in the second quarter. Carret Asset Management LLC now owns 76,368 shares of the textile maker’s stock valued at $1,682,000 after buying an additional 7,500 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Hanesbrands by 104.9% in the second quarter. Nisa Investment Advisors LLC now owns 70,330 shares of the textile maker’s stock valued at $1,549,000 after buying an additional 36,000 shares in the last quarter. Jensen Investment Management Inc. lifted its stake in Hanesbrands by 38.5% in the second quarter. Jensen Investment Management Inc. now owns 37,690 shares of the textile maker’s stock valued at $830,000 after buying an additional 10,480 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its stake in Hanesbrands by 6.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 276,601 shares of the textile maker’s stock valued at $6,091,000 after buying an additional 17,312 shares in the last quarter. 99.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HBI stock opened at $17.85 on Thursday. The company has a debt-to-equity ratio of 5.41, a quick ratio of 0.84 and a current ratio of 2.02. The firm has a market capitalization of $6.32 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 1.00 and a beta of 0.39. Hanesbrands Inc. has a 12 month low of $16.38 and a 12 month high of $25.73.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Wednesday, August 1st. The textile maker reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). Hanesbrands had a return on equity of 78.67% and a net margin of 0.58%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the company posted $0.53 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. analysts anticipate that Hanesbrands Inc. will post 1.76 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Tuesday, August 14th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.36%. The ex-dividend date was Monday, August 13th. Hanesbrands’s dividend payout ratio (DPR) is currently 31.09%.

In other Hanesbrands news, insider Michael E. Faircloth sold 26,922 shares of the company’s stock in a transaction on Friday, June 8th. The shares were sold at an average price of $20.02, for a total transaction of $538,978.44. Following the sale, the insider now directly owns 234,433 shares of the company’s stock, valued at $4,693,348.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

HBI has been the topic of a number of research reports. Barclays lowered shares of Hanesbrands from an “overweight” rating to an “equal weight” rating and set a $22.00 price objective on the stock. in a research report on Thursday, August 2nd. ValuEngine lowered shares of Hanesbrands from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Bank of America cut their price objective on shares of Hanesbrands from $24.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, August 2nd. Macquarie cut their price objective on shares of Hanesbrands from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Thursday, August 23rd. Finally, Buckingham Research cut their price objective on shares of Hanesbrands from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.61.

Hanesbrands Company Profile

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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