Kiwi Wealth Investments Limited Partnership reduced its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,154 shares of the textile maker’s stock after selling 4,732 shares during the quarter. Kiwi Wealth Investments Limited Partnership’s holdings in Hanesbrands were worth $1,875,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of HBI. Greylin Investment Mangement Inc. increased its holdings in Hanesbrands by 55.3% during the 2nd quarter. Greylin Investment Mangement Inc. now owns 43,460 shares of the textile maker’s stock worth $957,000 after acquiring an additional 15,475 shares during the period. Carret Asset Management LLC increased its holdings in Hanesbrands by 10.9% during the 2nd quarter. Carret Asset Management LLC now owns 76,368 shares of the textile maker’s stock worth $1,682,000 after acquiring an additional 7,500 shares during the period. Nisa Investment Advisors LLC increased its holdings in Hanesbrands by 104.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 70,330 shares of the textile maker’s stock worth $1,549,000 after acquiring an additional 36,000 shares during the period. Pinnacle Associates Ltd. bought a new stake in Hanesbrands during the 2nd quarter worth approximately $233,000. Finally, Jensen Investment Management Inc. increased its holdings in Hanesbrands by 38.5% during the 2nd quarter. Jensen Investment Management Inc. now owns 37,690 shares of the textile maker’s stock worth $830,000 after acquiring an additional 10,480 shares during the period. Hedge funds and other institutional investors own 99.58% of the company’s stock.
NYSE:HBI traded up $0.12 during midday trading on Friday, reaching $17.69. 3,502,961 shares of the stock traded hands, compared to its average volume of 5,268,347. The company has a quick ratio of 0.84, a current ratio of 2.02 and a debt-to-equity ratio of 5.41. Hanesbrands Inc. has a 12 month low of $16.38 and a 12 month high of $25.36. The firm has a market capitalization of $6.46 billion, a P/E ratio of 9.79, a P/E/G ratio of 1.02 and a beta of 0.39.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Wednesday, August 1st. The textile maker reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). Hanesbrands had a return on equity of 78.67% and a net margin of 0.58%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the company posted $0.53 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. analysts anticipate that Hanesbrands Inc. will post 1.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Tuesday, August 14th were paid a $0.15 dividend. The ex-dividend date was Monday, August 13th. This represents a $0.60 annualized dividend and a dividend yield of 3.39%. Hanesbrands’s payout ratio is 31.09%.
A number of equities analysts have commented on the stock. Buckingham Research cut their price target on shares of Hanesbrands from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, August 16th. Zacks Investment Research raised shares of Hanesbrands from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, July 24th. Barclays cut shares of Hanesbrands from an “overweight” rating to an “equal weight” rating and set a $22.00 price target for the company. in a research note on Thursday, August 2nd. Macquarie cut 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. Finally, Bank of America cut their price objective on shares of Hanesbrands from $24.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. Hanesbrands presently has an average rating of “Hold” and an average price target of $23.61.
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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