Hanesbrands Inc. (HBI) Position Trimmed by NN Investment Partners Holdings N.V.
NN Investment Partners Holdings N.V. trimmed its position in shares of Hanesbrands Inc. (NYSE:HBI) by 16.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,389 shares of the textile maker’s stock after selling 7,884 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Hanesbrands were worth $745,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in Hanesbrands during the 3rd quarter valued at $129,000. WP Advisors LLC acquired a new stake in Hanesbrands during the 2nd quarter valued at $145,000. Amica Retiree Medical Trust grew its holdings in Hanesbrands by 180.3% during the 2nd quarter. Amica Retiree Medical Trust now owns 7,296 shares of the textile maker’s stock valued at $161,000 after purchasing an additional 4,693 shares in the last quarter. First Capital Advisors Group LLC. acquired a new stake in Hanesbrands during the 3rd quarter valued at $185,000. Finally, Advisory Services Network LLC grew its holdings in Hanesbrands by 124.7% during the 2nd quarter. Advisory Services Network LLC now owns 8,503 shares of the textile maker’s stock valued at $187,000 after purchasing an additional 4,719 shares in the last quarter. 99.58% of the stock is owned by institutional investors and hedge funds.
In other Hanesbrands news, Director Ronald L. Nelson bought 25,000 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was acquired at an average cost of $15.95 per share, with a total value of $398,750.00. Following the purchase, the director now owns 131,683 shares in the company, valued at $2,100,343.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joia M. Johnson sold 20,000 shares of the stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $16.52, for a total value of $330,400.00. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by corporate insiders.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, November 1st. The textile maker reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. Hanesbrands had a net margin of 0.10% and a return on equity of 85.49%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the company posted $0.60 EPS. Hanesbrands’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts forecast that Hanesbrands Inc. will post 1.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Tuesday, November 13th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $0.60 dividend on an annualized basis and a yield of 3.55%. Hanesbrands’s payout ratio is 31.09%.
A number of equities research analysts recently weighed in on the stock. Barclays lowered shares of Hanesbrands from an “overweight” rating to an “equal weight” rating and set a $22.00 price target for the company. in a report on Thursday, August 2nd. Zacks Investment Research raised shares of Hanesbrands from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. ValuEngine lowered shares of Hanesbrands from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. Bank of America decreased their price objective on shares of Hanesbrands from $24.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, August 2nd. Finally, Buckingham Research decreased their price objective on shares of Hanesbrands from $26.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Hanesbrands currently has an average rating of “Hold” and an average price target of $21.67.
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Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.
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