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 (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%.
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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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