Dupont Capital Management Corp purchased a new position in shares of Hanesbrands Inc. (NYSE:HBI) in the 1st quarter, HoldingsChannel reports. The firm purchased 8,500 shares of the textile maker’s stock, valued at approximately $152,000.
A number of other hedge funds also recently modified their holdings of HBI. Norges Bank acquired a new position in Hanesbrands during the fourth quarter worth approximately $39,389,000. Teachers Advisors LLC increased its position in shares of Hanesbrands by 449.4% in the third quarter. Teachers Advisors LLC now owns 3,268,691 shares of the textile maker’s stock worth $60,242,000 after acquiring an additional 2,673,729 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Hanesbrands by 204.0% in the third quarter. TIAA CREF Investment Management LLC now owns 2,998,646 shares of the textile maker’s stock worth $55,265,000 after acquiring an additional 2,012,254 shares in the last quarter. BlackRock Inc. increased its position in shares of Hanesbrands by 3.7% in the fourth quarter. BlackRock Inc. now owns 24,750,735 shares of the textile maker’s stock worth $310,126,000 after acquiring an additional 887,593 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Hanesbrands by 814.7% in the fourth quarter. Squarepoint Ops LLC now owns 992,830 shares of the textile maker’s stock worth $12,440,000 after acquiring an additional 884,292 shares in the last quarter. 95.59% of the stock is owned by hedge funds and other institutional investors.
HBI has been the subject of several recent research reports. Zacks Investment Research lowered shares of Hanesbrands from a “hold” rating to a “sell” rating in a research report on Monday, January 28th. Barclays set a $19.00 price objective on shares of Hanesbrands and gave the stock a “hold” rating in a research report on Saturday, February 9th. Finally, ValuEngine raised shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a research report on Friday, February 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.83.
Hanesbrands stock opened at $16.48 on Wednesday. Hanesbrands Inc. has a 52-week low of $11.57 and a 52-week high of $22.57. The firm has a market capitalization of $5.83 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 3.06 and a beta of 0.93. The company has a quick ratio of 0.64, a current ratio of 1.66 and a debt-to-equity ratio of 3.84.
Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, May 2nd. The textile maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.53 billion. Hanesbrands had a net margin of 7.99% and a return on equity of 69.68%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. Research analysts anticipate that Hanesbrands Inc. will post 1.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.60 annualized dividend and a dividend yield of 3.64%. Hanesbrands’s dividend payout ratio (DPR) is presently 35.09%.
In other news, CFO Barry Hytinen bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $17.56 per share, for a total transaction of $175,600.00. Following the completion of the purchase, the chief financial officer now owns 176,312 shares of the company’s stock, valued at $3,096,038.72. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.04% of the stock is currently owned by corporate insiders.
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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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