Strs Ohio Raises Holdings in Hanesbrands Inc. (HBI)
Strs Ohio raised its stake in Hanesbrands Inc. (NYSE:HBI) by 10.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 532,970 shares of the textile maker’s stock after acquiring an additional 48,815 shares during the period. Strs Ohio’s holdings in Hanesbrands were worth $11,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Archford Capital Strategies LLC raised its stake in shares of 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 in the last quarter. IHT Wealth Management LLC raised its stake in shares of 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 in the last quarter. Engine Capital Management LLC acquired a new position in shares of Hanesbrands in the 3rd quarter valued at $106,000. QS Investors LLC raised its stake in shares of Hanesbrands by 2.8% in the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock valued at $118,000 after buying an additional 140 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Hanesbrands in the 3rd quarter valued at $138,000. 96.94% of the stock is owned by hedge funds and other institutional investors.
HBI has been the subject of a number of recent research reports. Nomura dropped their price objective on shares of Hanesbrands from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Oppenheimer restated a “buy” rating on shares of Hanesbrands in a research note on Wednesday, October 18th. B. Riley restated a “buy” rating on shares of Hanesbrands in a research note on Thursday, November 2nd. Wells Fargo & Co cut shares of Hanesbrands from an “outperform” rating to a “market perform” rating and set a $23.00 price objective for the company. in a research note on Wednesday, October 25th. Finally, Citigroup restated a “neutral” rating and issued a $23.00 price objective on shares of Hanesbrands in a research note on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $25.69.
Hanesbrands (NYSE:HBI) last announced its earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.56 EPS. analysts expect that Hanesbrands Inc. will post 1.95 earnings per share for the current fiscal year.
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.
Want to see what other hedge funds are holding HBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanesbrands Inc. (NYSE:HBI).
Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.