Suntrust Banks Inc. Has $426,000 Holdings in Hanesbrands Inc. (NYSE:HBI)

Suntrust Banks Inc. lifted its holdings in Hanesbrands Inc. (NYSE:HBI) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,031 shares of the textile maker’s stock after purchasing an additional 3,749 shares during the quarter. Suntrust Banks Inc.’s holdings in Hanesbrands were worth $426,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HBI. Capital Investment Advisory Services LLC bought a new position in shares of Hanesbrands in the fourth quarter valued at about $36,000. Atlas Capital Advisors LLC bought a new position in shares of Hanesbrands in the fourth quarter valued at about $39,000. Oregon Public Employees Retirement Fund grew its stake in shares of Hanesbrands by 1,137.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 489,071 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 449,555 shares in the last quarter. Clean Yield Group acquired a new position in shares of Hanesbrands in the fourth quarter valued at about $55,000. Finally, Truehand Inc acquired a new position in shares of Hanesbrands in the fourth quarter valued at about $63,000. 97.00% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently commented on HBI. ValuEngine upgraded shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a research note on Friday, February 8th. Zacks Investment Research upgraded shares of Hanesbrands from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Barclays set a $19.00 price target on shares of Hanesbrands and gave the company a “hold” rating in a research note on Saturday, February 9th. Deutsche Bank downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating and decreased their price target for the company from $24.00 to $16.00 in a research note on Friday, January 11th. Finally, Wells Fargo & Co decreased their price target on shares of Hanesbrands from $18.00 to $14.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $20.36.

Hanesbrands stock traded up $0.14 during trading hours on Wednesday, reaching $18.96. 2,886,587 shares of the stock were exchanged, compared to its average volume of 5,528,800. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.08 and a beta of 0.94. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 3.64. Hanesbrands Inc. has a twelve month low of $11.57 and a twelve month high of $22.57.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, February 7th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. Hanesbrands had a net margin of 8.13% and a return on equity of 76.43%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. On average, sell-side analysts expect that Hanesbrands Inc. will post 1.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, May 13th. This represents a $0.60 dividend on an annualized basis and a yield of 3.16%. Hanesbrands’s payout ratio is 35.09%.

COPYRIGHT VIOLATION WARNING: “Suntrust Banks Inc. Has $426,000 Holdings in Hanesbrands Inc. (NYSE:HBI)” was originally published by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://www.baseballdailydigest.com/news/2019/04/24/hanesbrands-inc-hbi-shares-bought-by-suntrust-banks-inc.html.

Hanesbrands Profile

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.

Featured Article: S&P 500 Index

Institutional Ownership by Quarter for Hanesbrands (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.