Hanesbrands Inc. (HBI) Stake Maintained by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. maintained its stake in Hanesbrands Inc. (NYSE:HBI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,864 shares of the textile maker’s stock at the end of the 2nd quarter. Robeco Institutional Asset Management B.V.’s holdings in Hanesbrands were worth $159,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HBI. Glen Harbor Capital Management LLC lifted its position in shares of Hanesbrands by 30.6% in the first quarter. Glen Harbor Capital Management LLC now owns 12,768 shares of the textile maker’s stock worth $265,000 after buying an additional 2,992 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Hanesbrands by 76.0% in the first quarter. Russell Investments Group Ltd. now owns 144,027 shares of the textile maker’s stock worth $2,990,000 after buying an additional 62,190 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Hanesbrands by 13.3% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 32,274 shares of the textile maker’s stock worth $670,000 after buying an additional 3,797 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Hanesbrands by 706.7% in the first quarter. Canada Pension Plan Investment Board now owns 56,619 shares of the textile maker’s stock worth $1,175,000 after buying an additional 49,600 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of Hanesbrands by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 275,551 shares of the textile maker’s stock worth $5,711,000 after buying an additional 794 shares during the last quarter. 94.35% of the stock is owned by institutional investors.

Hanesbrands Inc. (NYSE HBI) opened at 25.43 on Tuesday. Hanesbrands Inc. has a 52-week low of $18.91 and a 52-week high of $27.07. The company’s 50 day moving average price is $24.00 and its 200 day moving average price is $22.10. The firm has a market cap of $9.27 billion, a PE ratio of 16.66 and a beta of 0.71.

Hanesbrands (NYSE:HBI) last issued its earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the business posted $0.51 EPS. Hanesbrands’s revenue was up 11.8% on a year-over-year basis. Analysts predict that Hanesbrands Inc. will post $1.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th were paid a $0.15 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.60 annualized dividend and a yield of 2.36%. Hanesbrands’s dividend payout ratio (DPR) is currently 39.47%.

In other Hanesbrands news, insider W Howard Upchurch, Jr. sold 55,850 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $22.90, for a total transaction of $1,278,965.00. Following the completion of the sale, the insider now directly owns 579,663 shares in the company, valued at $13,274,282.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gerald Evans sold 43,379 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $23.18, for a total transaction of $1,005,525.22. Following the sale, the chief executive officer now owns 1,056,314 shares of the company’s stock, valued at $24,485,358.52. The disclosure for this sale can be found here. Insiders sold a total of 129,554 shares of company stock valued at $3,016,678 over the last quarter. 1.10% of the stock is currently owned by company insiders.

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A number of analysts have weighed in on HBI shares. Credit Suisse Group set a $28.00 price target on Hanesbrands and gave the stock a “buy” rating in a research report on Thursday, July 27th. BidaskClub raised Hanesbrands from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. UBS AG reaffirmed a “buy” rating and issued a $27.00 price target (up previously from $25.00) on shares of Hanesbrands in a research report on Tuesday, August 8th. Vetr raised Hanesbrands from a “buy” rating to a “strong-buy” rating and set a $26.36 price target for the company in a research report on Monday, August 21st. Finally, ValuEngine cut Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $27.18.

About Hanesbrands

Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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