Wilen Investment Management CORP. trimmed its stake in Hanesbrands Inc. (NYSE:HBI) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,931 shares of the textile maker’s stock after selling 2,700 shares during the quarter. Hanesbrands accounts for 1.0% of Wilen Investment Management CORP.’s portfolio, making the stock its 26th biggest holding. Wilen Investment Management CORP.’s holdings in Hanesbrands were worth $1,329,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in the company. Comerica Bank lifted its holdings in shares of Hanesbrands by 0.9% during the fourth quarter. Comerica Bank now owns 72,967 shares of the textile maker’s stock valued at $1,111,000 after purchasing an additional 673 shares in the last quarter. Hartford Investment Management Co. grew its position in shares of Hanesbrands by 1.1% during the fourth quarter. Hartford Investment Management Co. now owns 62,904 shares of the textile maker’s stock worth $788,000 after purchasing an additional 698 shares in the last quarter. Mason Street Advisors LLC boosted its stake in Hanesbrands by 1.4% during the first quarter. Mason Street Advisors LLC now owns 51,562 shares of the textile maker’s stock valued at $922,000 after buying an additional 704 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its stake in Hanesbrands by 2.3% during the first quarter. Piedmont Investment Advisors Inc. now owns 31,988 shares of the textile maker’s stock valued at $572,000 after buying an additional 704 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Hanesbrands by 0.4% during the fourth quarter. Great West Life Assurance Co. Can now owns 233,350 shares of the textile maker’s stock valued at $2,781,000 after buying an additional 825 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Barry Hytinen acquired 10,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $17.56 per share, with a total value of $175,600.00. Following the purchase, the chief financial officer now directly owns 176,312 shares of the company’s stock, valued at $3,096,038.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.04% of the stock is owned by company insiders.
Shares of NYSE:HBI traded up $0.02 during trading on Friday, hitting $16.43. The company had a trading volume of 97,008 shares, compared to its average volume of 3,815,649. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 3.05 and a beta of 1.04. Hanesbrands Inc. has a one year low of $11.57 and a one year high of $22.57. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.66 and a quick ratio of 0.64.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, May 2nd. The textile maker reported $0.27 earnings per share (EPS) for the quarter, beating the 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%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the company earned $0.26 EPS. As a group, analysts expect that Hanesbrands Inc. will post 1.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Monday, May 13th. Hanesbrands’s payout ratio is 35.09%.
Separately, Zacks Investment Research lowered Hanesbrands from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.83.
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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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