Hanesbrands Inc. (HBI) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank increased its stake in Hanesbrands Inc. (NYSE:HBI) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 269,219 shares of the textile maker’s stock after purchasing an additional 10,144 shares during the period. Toronto Dominion Bank owned approximately 0.07% of Hanesbrands worth $4,961,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Greylin Investment Mangement Inc. boosted its stake in Hanesbrands by 55.3% in the 2nd quarter. Greylin Investment Mangement Inc. now owns 43,460 shares of the textile maker’s stock worth $957,000 after purchasing an additional 15,475 shares during the period. Pinnacle Associates Ltd. acquired a new position in Hanesbrands in the 2nd quarter worth $233,000. Carret Asset Management LLC boosted its stake in Hanesbrands by 10.9% in the 2nd quarter. Carret Asset Management LLC now owns 76,368 shares of the textile maker’s stock worth $1,682,000 after purchasing an additional 7,500 shares during the period. Buckhead Capital Management LLC boosted its stake in Hanesbrands by 59.3% in the 3rd quarter. Buckhead Capital Management LLC now owns 164,570 shares of the textile maker’s stock worth $3,033,000 after purchasing an additional 61,255 shares during the period. Finally, PenderFund Capital Management Ltd. boosted its stake in Hanesbrands by 4,266.8% in the 3rd quarter. PenderFund Capital Management Ltd. now owns 336,246 shares of the textile maker’s stock worth $7,455,000 after purchasing an additional 328,546 shares during the period.

In related news, insider Joia M. Johnson sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $16.52, for a total value of $330,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Barry Hytinen bought 10,100 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average price of $14.59 per share, with a total value of $147,359.00. Following the completion of the purchase, the chief financial officer now directly owns 91,238 shares in the company, valued at approximately $1,331,162.42. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 61,600 shares of company stock valued at $940,079. Company insiders own 1.06% of the company’s stock.

A number of equities analysts recently weighed in on HBI shares. Standpoint Research started coverage on shares of Hanesbrands in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $20.00 target price for the company. Buckingham Research reduced their target price on shares of Hanesbrands from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, October 17th. Barclays lowered shares of Hanesbrands from an “overweight” rating to an “equal weight” rating and set a $22.00 target price for the company. in a research note on Thursday, August 2nd. Zacks Investment Research raised shares of Hanesbrands from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Finally, Macquarie reduced their price objective on shares of Hanesbrands from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Thursday, August 23rd. One investment 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. Hanesbrands currently has a consensus rating of “Hold” and a consensus target price of $21.67.

Hanesbrands stock opened at $15.31 on Friday. Hanesbrands Inc. has a one year low of $14.39 and a one year high of $23.33. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.84 and a quick ratio of 0.79. The stock has a market cap of $5.67 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 0.91 and a beta of 0.39.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, November 1st. The textile maker reported $0.55 EPS for the quarter, hitting the Zacks’ 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 prior year, the business posted $0.60 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that Hanesbrands Inc. will post 1.73 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.92%. Hanesbrands’s dividend payout ratio is 31.09%.

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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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