Rational Advisors LLC Sells 40,860 Shares of Hanesbrands Inc. (HBI)
Rational Advisors LLC trimmed its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 76.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,500 shares of the textile maker’s stock after selling 40,860 shares during the quarter. Rational Advisors LLC’s holdings in Hanesbrands were worth $308,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. QS Investors LLC increased its position in Hanesbrands by 2.8% during the second quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after acquiring an additional 140 shares during the period. Washington Trust Bank increased its position in Hanesbrands by 50.0% during the second quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock worth $139,000 after acquiring an additional 2,000 shares during the period. Archford Capital Strategies LLC increased its holdings in Hanesbrands by 283.4% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock valued at $141,000 after buying an additional 1,247 shares during the period. Commonwealth Bank of Australia increased its holdings in Hanesbrands by 19.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 6,598 shares of the textile maker’s stock valued at $152,000 after buying an additional 1,062 shares during the period. Finally, IHT Wealth Management LLC increased its holdings in Hanesbrands by 101.1% in the 2nd quarter. IHT Wealth Management LLC now owns 2,652 shares of the textile maker’s stock valued at $159,000 after buying an additional 1,333 shares during the period. 95.96% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider John T. Marsh sold 10,325 shares of Hanesbrands stock in a transaction that occurred 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 directly owns 99,997 shares in the company, valued at approximately $2,426,927.19. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.
HBI has been the topic of several recent analyst reports. B. Riley reissued a “buy” rating on shares of Hanesbrands in a report on Thursday, November 2nd. Credit Suisse Group set a $28.00 target price on shares of Hanesbrands and gave the company a “buy” rating in a report on Thursday, July 27th. Barclays PLC decreased their target price on shares of Hanesbrands from $31.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. BidaskClub raised shares of Hanesbrands from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Morgan Stanley decreased their target price on shares of Hanesbrands from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $26.13.
Hanesbrands Inc. (NYSE:HBI) traded down $0.21 during trading hours on Tuesday, reaching $19.54. 2,882,123 shares of the company traded hands, compared to its average volume of 5,149,871. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90. Hanesbrands Inc. has a twelve month low of $18.90 and a twelve month high of $25.73. The firm has a market cap of $7,160.00, a P/E ratio of 10.00, a PEG ratio of 1.12 and a beta of 0.76.
Hanesbrands (NYSE:HBI) last posted its earnings results on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, hitting the consensus estimate 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 the consensus estimate of $1.80 billion. During the same period last year, the company earned $0.56 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. equities analysts predict that Hanesbrands Inc. will post 1.94 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.60 annualized dividend and a yield of 3.07%. Hanesbrands’s dividend payout ratio is presently 37.04%.
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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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