Meeder Asset Management Inc. purchased a new position in shares of Hanesbrands Inc. (NYSE:HBI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 41,625 shares of the textile maker’s stock, valued at approximately $717,000.
A number of other large investors have also added to or reduced their stakes in HBI. Rational Advisors LLC increased its holdings in Hanesbrands by 254.6% in the 1st quarter. Rational Advisors LLC now owns 1,585 shares of the textile maker’s stock valued at $28,000 after buying an additional 1,138 shares during the period. CWM LLC increased its holdings in Hanesbrands by 6,184.4% in the 1st 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. Investors Research Corp bought a new position in Hanesbrands in the 1st quarter valued at about $48,000. Private Ocean LLC bought a new position in Hanesbrands in the 2nd quarter valued at about $49,000. Finally, Quadrant Capital Group LLC increased its holdings in Hanesbrands by 1,734.3% in the 1st quarter. Quadrant Capital Group LLC now owns 3,320 shares of the textile maker’s stock valued at $57,000 after buying an additional 3,139 shares during the period. 91.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hanesbrands stock opened at $14.10 on Thursday. The firm has a market capitalization of $4.99 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 1.80 and a beta of 1.10. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 3.56. The firm’s 50 day moving average is $15.69 and its 200 day moving average is $17.05. Hanesbrands Inc. has a 1 year low of $11.57 and a 1 year high of $19.38.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Monday, August 12th. Hanesbrands’s dividend payout ratio (DPR) is presently 35.09%.
In other Hanesbrands news, insider Joia M. Johnson bought 7,100 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of $13.97 per share, for a total transaction of $99,187.00. Following the transaction, the insider now directly owns 115,830 shares in the company, valued at $1,618,145.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gerald Evans bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average price of $14.74 per share, for a total transaction of $147,400.00. Following the completion of the transaction, the chief executive officer now owns 1,655,880 shares in the company, valued at $24,407,671.20. The disclosure for this purchase can be found here. Insiders own 1.04% of the company’s stock.
HBI has been the topic of several recent analyst reports. ValuEngine lowered shares of Hanesbrands from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. Citigroup decreased their target price on shares of Hanesbrands from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Bank of America decreased their target price on shares of Hanesbrands from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Zacks Investment Research lowered shares of Hanesbrands from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $17.44.
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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