Intrepid Capital Management Inc. Increases Holdings in Hanesbrands Inc. (NYSE:HBI)

Intrepid Capital Management Inc. boosted its holdings in Hanesbrands Inc. (NYSE:HBI) by 280.6% during the second quarter, Holdings Channel.com reports. The fund owned 524,210 shares of the textile maker’s stock after buying an additional 386,460 shares during the quarter. Hanesbrands accounts for 4.1% of Intrepid Capital Management Inc.’s investment portfolio, making the stock its 5th largest holding. Intrepid Capital Management Inc.’s holdings in Hanesbrands were worth $9,027,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. PenderFund Capital Management Ltd. increased its position in shares of Hanesbrands by 4,028.8% during the 2nd quarter. PenderFund Capital Management Ltd. now owns 15,000,000 shares of the textile maker’s stock valued at $174,000 after purchasing an additional 14,636,700 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Hanesbrands by 24.7% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 13,956,552 shares of the textile maker’s stock valued at $240,332,000 after acquiring an additional 2,762,854 shares during the period. FIL Ltd boosted its holdings in Hanesbrands by 6.4% during the 1st quarter. FIL Ltd now owns 12,449,331 shares of the textile maker’s stock valued at $222,594,000 after acquiring an additional 749,831 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Hanesbrands by 145.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 734,238 shares of the textile maker’s stock valued at $12,644,000 after acquiring an additional 434,565 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Hanesbrands by 7,867.5% during the 1st quarter. Victory Capital Management Inc. now owns 423,634 shares of the textile maker’s stock valued at $7,575,000 after acquiring an additional 418,317 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

In other Hanesbrands news, CEO Gerald Evans acquired 10,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was acquired at an average price of $14.74 per share, for a total transaction of $147,400.00. Following the acquisition, the chief executive officer now 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 the company’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of $13.97 per share, with a total value of $99,187.00. Following the acquisition, the insider now owns 115,830 shares in the company, valued at approximately $1,618,145.10. The disclosure for this purchase can be found here. Company insiders own 1.04% of the company’s stock.

Shares of HBI stock opened at $16.05 on Friday. The stock has a market capitalization of $5.62 billion, a PE ratio of 9.39, a P/E/G ratio of 2.03 and a beta of 1.13. Hanesbrands Inc. has a 1-year low of $11.57 and a 1-year high of $19.38. The business has a 50-day moving average of $14.53 and a 200 day moving average of $16.65. The company has a debt-to-equity ratio of 3.56, a current ratio of 1.77 and a quick ratio of 0.69.

Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, August 1st. The textile maker reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. Hanesbrands had a return on equity of 63.57% and a net margin of 8.13%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the business posted $0.45 EPS. Hanesbrands’s quarterly revenue was up 2.7% 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 disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.74%. The ex-dividend date was Monday, August 12th. Hanesbrands’s dividend payout ratio (DPR) is currently 35.09%.

HBI has been the subject of several analyst reports. UBS Group dropped their target price on Hanesbrands from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, September 6th. ValuEngine cut Hanesbrands from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. Bank of America dropped their target price on Hanesbrands from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Citigroup dropped their target price on Hanesbrands from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $17.56.

Hanesbrands 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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