Hanesbrands Inc. (HBI) Position Lifted by Victory Capital Management Inc.
Victory Capital Management Inc. increased its position in Hanesbrands Inc. (NYSE:HBI) by 1,283.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 667,842 shares of the textile maker’s stock after buying an additional 619,561 shares during the period. Victory Capital Management Inc. owned about 0.18% of Hanesbrands worth $15,467,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Lazard Asset Management LLC boosted its holdings in Hanesbrands by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 5,000 shares of the textile maker’s stock worth $103,000 after buying an additional 1,000 shares during the period. Van ECK Associates Corp boosted its holdings in Hanesbrands by 7.4% in the 1st quarter. Van ECK Associates Corp now owns 5,995 shares of the textile maker’s stock worth $124,000 after buying an additional 415 shares during the period. Washington Trust Bank boosted its holdings in Hanesbrands by 50.0% in the 2nd quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock worth $139,000 after buying an additional 2,000 shares during the period. SRS Capital Advisors Inc. boosted its holdings in Hanesbrands by 11.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 6,812 shares of the textile maker’s stock worth $141,000 after buying an additional 708 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in Hanesbrands by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 7,716 shares of the textile maker’s stock worth $160,000 after buying an additional 247 shares during the period. 94.35% of the stock is owned by institutional investors.
In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of Hanesbrands stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $24.27, for a total transaction of $250,587.75. Following the transaction, the insider now directly owns 99,997 shares of the company’s stock, valued at $2,426,927.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John T. Marsh sold 11,100 shares of Hanesbrands stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $22.57, for a total transaction of $250,527.00. The disclosure for this sale can be found here. Insiders have sold 140,654 shares of company stock worth $3,267,205 over the last ninety days. 1.10% of the stock is owned by insiders.
Shares of Hanesbrands Inc. (NYSE:HBI) opened at 24.75 on Tuesday. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 16.22 and a beta of 0.71. Hanesbrands Inc. has a 52-week low of $18.91 and a 52-week high of $27.07. The company has a 50-day moving average of $23.73 and a 200-day moving average of $21.96.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business posted $0.51 earnings per share. Hanesbrands’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts anticipate that Hanesbrands Inc. will post $1.99 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, August 11th. Hanesbrands’s dividend payout ratio (DPR) is presently 39.47%.
HBI has been the subject of several recent analyst reports. BidaskClub downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Credit Suisse Group set a $28.00 target price on shares of Hanesbrands and gave the stock a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research downgraded shares of Hanesbrands from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. ValuEngine upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Oppenheimer Holdings, Inc. set a $32.00 price target on shares of Hanesbrands and gave the stock a “buy” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $27.18.
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Hanesbrands Company Profile
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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