Baker Ellis Asset Management LLC Has $4.01 Million Stake in Hanesbrands Inc. (HBI)

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Baker Ellis Asset Management LLC lessened its position in shares of Hanesbrands Inc. (NYSE:HBI) by 4.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 182,130 shares of the textile maker’s stock after selling 9,320 shares during the quarter. Hanesbrands comprises approximately 1.1% of Baker Ellis Asset Management LLC’s portfolio, making the stock its 21st largest position. Baker Ellis Asset Management LLC owned about 0.05% of Hanesbrands worth $4,011,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC purchased a new stake in shares of Hanesbrands during the 2nd quarter valued at approximately $250,000. Optimum Investment Advisors acquired a new stake in Hanesbrands in the 1st quarter valued at approximately $103,000. WP Advisors LLC acquired a new stake in Hanesbrands in the 2nd quarter valued at approximately $145,000. Amica Retiree Medical Trust increased its holdings in Hanesbrands by 180.3% in the 2nd quarter. Amica Retiree Medical Trust now owns 7,296 shares of the textile maker’s stock valued at $161,000 after purchasing an additional 4,693 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in Hanesbrands by 183.5% in the 1st quarter. Stratos Wealth Partners LTD. now owns 7,358 shares of the textile maker’s stock valued at $136,000 after purchasing an additional 4,763 shares during the last quarter. 99.58% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on HBI shares. Buckingham Research dropped their target price on shares of Hanesbrands from $28.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, August 16th. B. Riley set a $30.00 target price on shares of Hanesbrands and gave the company a “buy” rating in a report on Monday, May 14th. Zacks Investment Research upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Tuesday, July 24th. Barclays downgraded shares of Hanesbrands from an “overweight” rating to an “equal weight” rating and set a $22.00 target price for the company. in a report on Thursday, August 2nd. Finally, Bank of America dropped their target price on shares of Hanesbrands from $24.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. Hanesbrands currently has an average rating of “Hold” and an average target price of $23.61.

NYSE:HBI opened at $17.66 on Friday. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 1.00 and a beta of 0.39. The company has a debt-to-equity ratio of 5.41, a current ratio of 2.02 and a quick ratio of 0.84. Hanesbrands Inc. has a 52 week low of $16.38 and a 52 week high of $25.73.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Tuesday, August 14th were paid a $0.15 dividend. The ex-dividend date was Monday, August 13th. This represents a $0.60 annualized dividend and a dividend yield of 3.40%. Hanesbrands’s dividend payout ratio (DPR) is 31.09%.

Hanesbrands 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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