Norinchukin Bank The raised its holdings in Hanesbrands Inc. (NYSE:HBI) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,597 shares of the textile maker’s stock after acquiring an additional 2,515 shares during the period. Norinchukin Bank The’s holdings in Hanesbrands were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. TIAA CREF Investment Management LLC raised its holdings in shares of Hanesbrands by 204.0% during the third quarter. TIAA CREF Investment Management LLC now owns 2,998,646 shares of the textile maker’s stock worth $55,265,000 after purchasing an additional 2,012,254 shares during the period. Vanguard Group Inc grew its position in shares of Hanesbrands by 1.2% during the third quarter. Vanguard Group Inc now owns 38,210,795 shares of the textile maker’s stock worth $704,224,000 after acquiring an additional 437,526 shares during the last quarter. GWM Advisors LLC bought a new position in shares of Hanesbrands during the fourth quarter worth about $127,000. Royal London Asset Management Ltd. grew its position in shares of Hanesbrands by 7.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 156,320 shares of the textile maker’s stock worth $1,906,000 after acquiring an additional 11,216 shares during the last quarter. Finally, First Mercantile Trust Co. grew its position in shares of Hanesbrands by 25.5% during the fourth quarter. First Mercantile Trust Co. now owns 21,085 shares of the textile maker’s stock worth $264,000 after acquiring an additional 4,285 shares during the last quarter. 91.41% of the stock is owned by hedge funds and other institutional investors.
In related news, CFO Barry Hytinen bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average price of $17.56 per share, for a total transaction of $175,600.00. Following the transaction, the chief financial officer now directly owns 176,312 shares of the company’s stock, valued at approximately $3,096,038.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.04% of the company’s stock.
Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, May 2nd. The textile maker reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.53 billion. Hanesbrands had a net margin of 7.99% and a return on equity of 69.68%. Hanesbrands’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. Sell-side analysts expect that Hanesbrands Inc. will post 1.76 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $0.60 dividend on an annualized basis and a yield of 3.48%. Hanesbrands’s dividend payout ratio is presently 35.09%.
Separately, Zacks Investment Research lowered shares of Hanesbrands from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $18.55.
Hanesbrands Company Profile
Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.
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