Victory Capital Management Inc. decreased its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 620,900 shares of the textile maker’s stock after selling 77,144 shares during the period. Victory Capital Management Inc.’s holdings in Hanesbrands were worth $12,982,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Sentry Investment Management LLC increased its position in Hanesbrands by 0.4% during the second quarter. Sentry Investment Management LLC now owns 24,878 shares of the textile maker’s stock worth $576,000 after purchasing an additional 109 shares during the last quarter. 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 purchasing an additional 140 shares during the last quarter. OLD Second National Bank of Aurora increased its position in Hanesbrands by 3.3% during the third quarter. OLD Second National Bank of Aurora now owns 73,167 shares of the textile maker’s stock worth $1,803,000 after purchasing an additional 2,337 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Hanesbrands by 9.6% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,642 shares of the textile maker’s stock worth $730,000 after purchasing an additional 2,588 shares during the last quarter. Finally, Hosking Partners LLP increased its position in Hanesbrands by 0.4% during the third quarter. Hosking Partners LLP now owns 632,819 shares of the textile maker’s stock worth $15,593,000 after purchasing an additional 2,694 shares during the last quarter. 95.26% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the stock. B. Riley dropped their price target on shares of Hanesbrands from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Nomura dropped their price target on shares of Hanesbrands from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. UBS Group lowered shares of Hanesbrands from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 24th. Wells Fargo & Co set a $20.00 price target on shares of Hanesbrands and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, Oppenheimer reaffirmed a “market perform” rating and set a $26.00 price target (down previously from $32.00) on shares of Hanesbrands in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $25.60.

Shares of Hanesbrands Inc. (NYSE:HBI) opened at $21.14 on Thursday. Hanesbrands Inc. has a 52-week low of $18.57 and a 52-week high of $25.73. The stock has a market cap of $7,540.00, a price-to-earnings ratio of 14.99, a PEG ratio of 1.24 and a beta of 0.71. The company has a quick ratio of 0.85, a current ratio of 1.90 and a debt-to-equity ratio of 5.40.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.52. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. Hanesbrands had a net margin of 0.96% and a return on equity of 72.30%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. research analysts forecast that Hanesbrands Inc. will post 1.76 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Friday, February 16th. Hanesbrands’s payout ratio is 42.55%.

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Hanesbrands 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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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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