Hanesbrands Inc. (HBI) Position Raised by WealthTrust Axiom LLC

WealthTrust Axiom LLC boosted its stake in Hanesbrands Inc. (NYSE:HBI) by 5.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 216,681 shares of the textile maker’s stock after purchasing an additional 11,216 shares during the quarter. Hanesbrands comprises 1.3% of WealthTrust Axiom LLC’s portfolio, making the stock its 19th largest position. WealthTrust Axiom LLC owned about 0.06% of Hanesbrands worth $3,993,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Greylin Investment Mangement Inc. grew its holdings in Hanesbrands by 55.3% in the second quarter. Greylin Investment Mangement Inc. now owns 43,460 shares of the textile maker’s stock valued at $957,000 after purchasing an additional 15,475 shares during the period. Pinnacle Associates Ltd. purchased a new stake in Hanesbrands in the second quarter valued at approximately $233,000. Carret Asset Management LLC grew its holdings in Hanesbrands by 10.9% in the second quarter. Carret Asset Management LLC now owns 76,368 shares of the textile maker’s stock valued at $1,682,000 after purchasing an additional 7,500 shares during the period. Nisa Investment Advisors LLC grew its holdings in Hanesbrands by 104.9% in the second quarter. Nisa Investment Advisors LLC now owns 70,330 shares of the textile maker’s stock valued at $1,549,000 after purchasing an additional 36,000 shares during the period. Finally, Millennium Management LLC grew its holdings in Hanesbrands by 113.5% in the second quarter. Millennium Management LLC now owns 3,044,642 shares of the textile maker’s stock valued at $67,043,000 after purchasing an additional 1,618,879 shares during the period. Hedge funds and other institutional investors own 99.58% of the company’s stock.

HBI opened at $15.96 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.84 and a debt-to-equity ratio of 4.44. Hanesbrands Inc. has a 52-week low of $15.55 and a 52-week high of $23.33. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 0.93 and a beta of 0.39.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, November 1st. The textile maker reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. Hanesbrands had a net margin of 0.10% and a return on equity of 85.49%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. Hanesbrands’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, research analysts predict that Hanesbrands Inc. will post 1.72 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 13th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $0.60 annualized dividend and a yield of 3.76%. Hanesbrands’s dividend payout ratio is currently 31.09%.

A number of equities research analysts recently issued reports on HBI shares. Standpoint Research started coverage on shares of Hanesbrands in a report on Tuesday, October 23rd. They issued a “buy” rating and a $20.00 target price for the company. Credit Suisse Group lowered their target price on shares of Hanesbrands from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 2nd. Barclays set a $18.00 target price on shares of Hanesbrands and gave the company a “hold” rating in a report on Thursday. Bank of America lowered their target price on shares of Hanesbrands from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Friday. Finally, Nomura lowered their target price on shares of Hanesbrands from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $21.67.

About Hanesbrands

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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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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