Hanesbrands Inc. (HBI) Shares Sold by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. lowered its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 197,400 shares of the textile maker’s stock after selling 15,300 shares during the period. Pictet Asset Management Ltd. owned 0.05% of Hanesbrands worth $4,864,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Freestone Capital Holdings LLC increased its stake in shares of Hanesbrands by 14.0% during the 2nd quarter. Freestone Capital Holdings LLC now owns 180,729 shares of the textile maker’s stock worth $4,186,000 after purchasing an additional 22,190 shares during the last quarter. BB&T Corp increased its stake in shares of Hanesbrands by 3.2% during the 2nd quarter. BB&T Corp now owns 561,111 shares of the textile maker’s stock worth $12,995,000 after purchasing an additional 17,312 shares during the last quarter. Tradition Capital Management LLC increased its stake in shares of Hanesbrands by 21.8% during the 2nd quarter. Tradition Capital Management LLC now owns 249,960 shares of the textile maker’s stock worth $5,789,000 after purchasing an additional 44,785 shares during the last quarter. Hosking Partners LLP increased its stake in shares of Hanesbrands by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 630,125 shares of the textile maker’s stock worth $14,594,000 after purchasing an additional 10,212 shares during the last quarter. Finally, Rothschild Investment Corp IL increased its stake in shares of Hanesbrands by 63.4% during the 3rd quarter. Rothschild Investment Corp IL now owns 97,860 shares of the textile maker’s stock worth $2,411,000 after purchasing an additional 37,986 shares during the last quarter. Institutional investors own 95.28% of the company’s stock.

A number of research analysts recently weighed in on HBI shares. ValuEngine lowered shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Barclays PLC started coverage on shares of Hanesbrands in a research note on Tuesday, September 19th. They issued an “overweight” rating and a $31.00 price objective for the company. Nomura lowered shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research note on Thursday, September 21st. Instinet lowered shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research note on Thursday, September 21st. Finally, FBR & Co reiterated a “buy” rating and issued a $33.00 price objective on shares of Hanesbrands in a research note on Thursday, September 21st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $26.13.

In other news, insider John T. Marsh sold 10,325 shares of Hanesbrands stock in a transaction on Monday, August 28th. The shares were sold at an average price of $24.27, for a total transaction of $250,587.75. Following the completion of the sale, the insider now directly owns 99,997 shares of the company’s stock, valued at approximately $2,426,927.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Hanesbrands Inc. (HBI) Shares Sold by Pictet Asset Management Ltd.” was originally published by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.themarketsdaily.com/2017/11/12/hanesbrands-inc-hbi-shares-sold-by-pictet-asset-management-ltd.html.

Hanesbrands Inc. (NYSE:HBI) opened at $19.29 on Friday. The company has a market cap of $7,032.83, a price-to-earnings ratio of 9.89, a PEG ratio of 1.10 and a beta of 0.73. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90. Hanesbrands Inc. has a 1 year low of $18.91 and a 1 year high of $26.05.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm posted $0.56 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. sell-side analysts anticipate that Hanesbrands Inc. will post 1.94 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Monday, November 13th. Hanesbrands’s dividend payout ratio is currently 37.04%.

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.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

Receive News & Ratings for Hanesbrands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply