BB&T Securities LLC lowered its position in shares of Hanesbrands Inc. (NYSE:HBI) by 14.9% during the second quarter, HoldingsChannel.com reports. The firm owned 739,411 shares of the textile maker’s stock after selling 129,266 shares during the period. BB&T Securities LLC’s holdings in Hanesbrands were worth $16,281,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC purchased a new stake in shares of Hanesbrands during the second quarter valued at approximately $250,000. Optimum Investment Advisors purchased a new stake in shares of Hanesbrands during the first quarter valued at approximately $103,000. WP Advisors LLC purchased a new stake in shares of Hanesbrands during the second quarter valued at approximately $145,000. Amica Retiree Medical Trust raised its stake in shares of Hanesbrands by 180.3% during the second 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 period. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Hanesbrands by 183.5% during the first 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 period. Institutional investors own 99.58% of the company’s stock.
Shares of NYSE:HBI opened at $17.66 on Friday. The company has a debt-to-equity ratio of 5.41, a current ratio of 2.02 and a quick ratio of 0.84. The firm has a market capitalization of $6.32 billion, a P/E ratio of 9.15, a P/E/G 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 issued its quarterly earnings results on Wednesday, August 1st. The textile maker reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Hanesbrands had a return on equity of 78.67% and a net margin of 0.58%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. equities research analysts predict that Hanesbrands Inc. will post 1.76 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Tuesday, August 14th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.40%. Hanesbrands’s dividend payout ratio (DPR) is presently 31.09%.
A number of analysts have recently issued reports on HBI shares. Macquarie dropped their price objective on shares of Hanesbrands from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Thursday, August 23rd. Zacks Investment Research upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, July 24th. ValuEngine upgraded shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 26th. Bank of America dropped their price target on shares of Hanesbrands from $24.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, August 2nd. Finally, B. Riley set a $30.00 price target on shares of Hanesbrands and gave the stock a “buy” rating in a research note on Monday, May 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target 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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