Hanesbrands Inc. (HBI) Stake Lowered by Sentry Investment Management LLC

Sentry Investment Management LLC trimmed its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,332 shares of the textile maker’s stock after selling 1,421 shares during the period. Sentry Investment Management LLC’s holdings in Hanesbrands were worth $399,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HBI. Capital Investment Advisory Services LLC bought a new stake in Hanesbrands in the 4th quarter valued at about $36,000. CWM LLC increased its position in shares of Hanesbrands by 6,184.4% during the first quarter. CWM LLC now owns 2,011 shares of the textile maker’s stock valued at $36,000 after buying an additional 1,979 shares during the period. Atlas Capital Advisors LLC bought a new stake in shares of Hanesbrands during the fourth quarter valued at about $39,000. Oregon Public Employees Retirement Fund increased its position in shares of Hanesbrands by 1,137.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 489,071 shares of the textile maker’s stock valued at $39,000 after buying an additional 449,555 shares during the period. Finally, First Personal Financial Services grew its holdings in shares of Hanesbrands by 150.8% during the first quarter. First Personal Financial Services now owns 2,169 shares of the textile maker’s stock worth $39,000 after purchasing an additional 1,304 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Hanesbrands from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Barclays set a $19.00 price objective on Hanesbrands and gave the stock a “hold” rating in a report on Saturday, February 9th. Finally, ValuEngine raised Hanesbrands from a “strong sell” rating to a “sell” rating in a report on Friday, February 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $18.83.

Shares of NYSE HBI opened at $15.78 on Monday. Hanesbrands Inc. has a 12 month low of $11.57 and a 12 month high of $22.57. The company has a quick ratio of 0.64, a current ratio of 1.66 and a debt-to-equity ratio of 3.84. The stock has a market cap of $5.70 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 2.99 and a beta of 0.93.

Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, May 2nd. The textile maker reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.53 billion. Hanesbrands had a return on equity of 69.68% and a net margin of 7.99%. Hanesbrands’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Sell-side analysts anticipate that Hanesbrands Inc. will post 1.76 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.80%. The ex-dividend date is Monday, May 13th. Hanesbrands’s dividend payout ratio is currently 35.09%.

In other news, CFO Barry Hytinen bought 10,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average price of $17.56 per share, with a total value of $175,600.00. Following the completion of the purchase, the chief financial officer now directly owns 176,312 shares in the company, valued at $3,096,038.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.04% of the stock is owned by corporate insiders.

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Hanesbrands Company Profile

Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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