Neuburgh Advisers LLC trimmed its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 4.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,538 shares of the textile maker’s stock after selling 2,278 shares during the period. Neuburgh Advisers LLC’s holdings in Hanesbrands were worth $853,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Hanesbrands by 12.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,674,276 shares of the textile maker’s stock worth $33,505,000 after purchasing an additional 300,681 shares during the period. Geode Capital Management LLC boosted its stake in shares of Hanesbrands by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 4,784,175 shares of the textile maker’s stock worth $59,844,000 after buying an additional 335,912 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Hanesbrands in the first quarter worth $152,000. Alps Advisors Inc. bought a new stake in shares of Hanesbrands in the first quarter worth $406,000. Finally, Sigma Planning Corp bought a new stake in shares of Hanesbrands in the first quarter worth $208,000. 90.23% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:HBI traded up $0.33 during midday trading on Wednesday, hitting $15.87. The company had a trading volume of 222,937 shares, compared to its average volume of 5,770,989. The company has a debt-to-equity ratio of 3.56, a current ratio of 1.77 and a quick ratio of 0.69. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 1.96 and a beta of 1.13. Hanesbrands Inc. has a 12-month low of $11.57 and a 12-month high of $19.38. The company has a fifty day moving average of $14.53 and a two-hundred day moving average of $16.66.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Monday, August 12th. Hanesbrands’s dividend payout ratio (DPR) is currently 35.09%.
In other news, CEO Gerald Evans purchased 10,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was acquired at an average cost of $14.74 per share, for a total transaction of $147,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,655,880 shares in the company, valued at approximately $24,407,671.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joia M. Johnson acquired 7,100 shares of Hanesbrands stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average cost of $13.97 per share, with a total value of $99,187.00. Following the completion of the purchase, the insider now owns 115,830 shares of the company’s stock, valued at $1,618,145.10. The disclosure for this purchase can be found here. 1.04% of the stock is owned by company insiders.
A number of research analysts have weighed in on the company. Citigroup lowered their target price on Hanesbrands from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. ValuEngine cut Hanesbrands from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. UBS Group cut their price target on Hanesbrands from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Finally, Bank of America reduced their price target on shares of Hanesbrands from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Two 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 company currently has a consensus rating of “Hold” and a consensus target price of $17.56.
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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