Ifrah Financial Services Inc. grew its stake in Hanesbrands Inc. (NYSE:HBI) by 48.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,761 shares of the textile maker’s stock after buying an additional 7,731 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Hanesbrands were worth $585,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Freestone Capital Holdings LLC boosted its holdings in shares of Hanesbrands by 14.0% in the second quarter. Freestone Capital Holdings LLC now owns 180,729 shares of the textile maker’s stock valued at $4,186,000 after buying an additional 22,190 shares during the period. BB&T Corp boosted its holdings in shares of Hanesbrands by 3.2% in the second quarter. BB&T Corp now owns 561,111 shares of the textile maker’s stock valued at $12,995,000 after buying an additional 17,312 shares during the period. Tradition Capital Management LLC boosted its holdings in shares of Hanesbrands by 21.8% in the second quarter. Tradition Capital Management LLC now owns 249,960 shares of the textile maker’s stock valued at $5,789,000 after buying an additional 44,785 shares during the period. Hosking Partners LLP boosted its holdings in shares of Hanesbrands by 1.6% in the second quarter. Hosking Partners LLP now owns 630,125 shares of the textile maker’s stock valued at $14,594,000 after buying an additional 10,212 shares during the period. Finally, Rothschild Investment Corp IL boosted its holdings in shares of Hanesbrands by 63.4% in the third quarter. Rothschild Investment Corp IL now owns 97,860 shares of the textile maker’s stock valued at $2,411,000 after buying an additional 37,986 shares during the period. Institutional investors own 95.44% of the company’s stock.
Shares of Hanesbrands Inc. (NYSE:HBI) traded up $0.09 during mid-day trading on Tuesday, reaching $19.23. 4,679,100 shares of the company’s stock were exchanged, compared to its average volume of 5,145,633. The firm has a market capitalization of $7,032.83, a PE ratio of 9.89, a P/E/G 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 12-month low of $18.91 and a 12-month high of $26.05.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 earnings per share. research analysts expect that Hanesbrands Inc. will post 1.94 EPS 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 given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, November 13th. Hanesbrands’s payout ratio is presently 37.04%.
Several research firms have recently weighed in on HBI. B. Riley reiterated a “buy” rating on shares of Hanesbrands in a report on Thursday, November 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 price target on shares of Hanesbrands in a report on Friday, November 3rd. Zacks Investment Research cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Barclays PLC reduced their target price on shares of Hanesbrands from $31.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. Finally, Nomura reduced their target price on shares of Hanesbrands from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. One equities 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. Hanesbrands presently has an average rating of “Hold” and an average target price of $26.13.
In other news, insider John T. Marsh sold 10,325 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $24.27, for a total value of $250,587.75. Following the transaction, the insider now directly owns 99,997 shares of the company’s stock, valued at $2,426,927.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.
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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