Point View Wealth Management Inc. Has $2.08 Million Holdings in Hanesbrands Inc. (HBI)
Point View Wealth Management Inc. lowered its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 3.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 84,258 shares of the textile maker’s stock after selling 3,401 shares during the period. Hanesbrands makes up approximately 1.0% of Point View Wealth Management Inc.’s portfolio, making the stock its 20th biggest holding. Point View Wealth Management Inc.’s holdings in Hanesbrands were worth $2,077,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in HBI. Sasco Capital Inc. CT acquired a new position in Hanesbrands during the 2nd quarter valued at about $57,945,000. Morningstar Investment Services LLC boosted its stake in Hanesbrands by 360.9% during the 2nd quarter. Morningstar Investment Services LLC now owns 3,034,052 shares of the textile maker’s stock valued at $70,269,000 after purchasing an additional 2,375,811 shares during the last quarter. Check Capital Management Inc. CA boosted its stake in Hanesbrands by 100.0% during the 3rd quarter. Check Capital Management Inc. CA now owns 4,413,635 shares of the textile maker’s stock valued at $108,752,000 after purchasing an additional 2,207,066 shares during the last quarter. Bessemer Group Inc. boosted its stake in Hanesbrands by 43.5% during the 2nd quarter. Bessemer Group Inc. now owns 5,808,161 shares of the textile maker’s stock valued at $134,518,000 after purchasing an additional 1,760,614 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Hanesbrands by 33.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,638,005 shares of the textile maker’s stock valued at $114,282,000 after purchasing an additional 1,159,722 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.
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A number of equities analysts have issued reports on HBI shares. Vetr downgraded Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price target for the company. in a research note on Monday, August 7th. Credit Suisse Group restated a “buy” rating and issued a $30.00 target price on shares of Hanesbrands in a research note on Thursday, August 3rd. UBS AG restated a “buy” rating and issued a $27.00 target price (up previously from $25.00) on shares of Hanesbrands in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. set a $32.00 target price on Hanesbrands and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Finally, BidaskClub upgraded Hanesbrands from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $26.13.
Hanesbrands Inc. (NYSE:HBI) traded up $0.28 during trading hours on Monday, hitting $19.50. 4,823,900 shares of the company were exchanged, compared to its average volume of 5,153,383. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.88 and a quick ratio of 0.85. The company has a market cap of $7,160.00, a PE ratio of 10.00, a PEG ratio of 1.12 and a beta of 0.76. Hanesbrands Inc. has a 52 week low of $18.90 and a 52 week high of $25.73.
Hanesbrands (NYSE:HBI) last issued its earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the firm posted $0.56 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. sell-side analysts anticipate that Hanesbrands Inc. will post 1.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a yield of 3.08%. Hanesbrands’s payout ratio is 37.04%.
In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $24.27, for a total transaction of $250,587.75. Following the sale, the insider now owns 99,997 shares of the company’s stock, valued at approximately $2,426,927.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.
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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