MML Investors Services LLC reduced its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 26.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,970 shares of the textile maker’s stock after selling 15,036 shares during the quarter. MML Investors Services LLC’s holdings in Hanesbrands were worth $526,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank increased its stake in shares of Hanesbrands by 0.9% in the fourth quarter. Comerica Bank now owns 72,967 shares of the textile maker’s stock valued at $1,111,000 after buying an additional 673 shares in the last quarter. Hartford Investment Management Co. boosted its holdings in Hanesbrands by 1.1% in the fourth quarter. Hartford Investment Management Co. now owns 62,904 shares of the textile maker’s stock valued at $788,000 after acquiring an additional 698 shares during the last quarter. Banced Corp boosted its holdings in Hanesbrands by 3.7% in the fourth quarter. Banced Corp now owns 21,075 shares of the textile maker’s stock valued at $264,000 after acquiring an additional 759 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Hanesbrands by 0.4% in the fourth quarter. Great West Life Assurance Co. Can now owns 233,350 shares of the textile maker’s stock valued at $2,781,000 after acquiring an additional 825 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its holdings in Hanesbrands by 5.3% in the fourth quarter. NEXT Financial Group Inc now owns 17,740 shares of the textile maker’s stock valued at $222,000 after acquiring an additional 890 shares during the last quarter. Hedge funds and other institutional investors own 97.00% of the company’s stock.
Several research firms recently issued reports on HBI. Zacks Investment Research cut Hanesbrands from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Barclays set a $16.00 target price on Hanesbrands and gave the stock a “hold” rating in a report on Friday, January 11th. Wells Fargo & Co reduced their target price on Hanesbrands from $18.00 to $14.00 and set a “market perform” rating on the stock in a report on Wednesday, January 2nd. Deutsche Bank cut Hanesbrands from a “buy” rating to a “hold” rating and reduced their target price for the stock from $24.00 to $16.00 in a report on Friday, January 11th. Finally, ValuEngine upgraded Hanesbrands from a “strong sell” rating to a “sell” rating in a report on Friday, February 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Hanesbrands currently has an average rating of “Hold” and a consensus price target of $20.36.
Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, February 7th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. Hanesbrands had a return on equity of 76.43% and a net margin of 8.13%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm earned $0.52 EPS. Hanesbrands’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, research analysts expect that Hanesbrands Inc. will post 1.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Monday, May 13th. Hanesbrands’s dividend payout ratio is presently 35.09%.
Hanesbrands Company 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.
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