Ontario Teachers Pension Plan Board trimmed its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 48.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,004 shares of the textile maker’s stock after selling 116,092 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Hanesbrands were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the business. Baird Financial Group Inc. raised its position in shares of Hanesbrands by 3.8% during the 4th quarter. Baird Financial Group Inc. now owns 21,834 shares of the textile maker’s stock worth $325,000 after buying an additional 794 shares in the last quarter. Pinkerton Retirement Specialists LLC grew its stake in shares of Hanesbrands by 0.7% in the 4th quarter. Pinkerton Retirement Specialists LLC now owns 123,675 shares of the textile maker’s stock worth $1,837,000 after purchasing an additional 861 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of Hanesbrands by 2.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 33,483 shares of the textile maker’s stock worth $497,000 after purchasing an additional 927 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Hanesbrands by 2.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 58,822 shares of the textile maker’s stock worth $463,000 after purchasing an additional 1,132 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC grew its stake in shares of Hanesbrands by 9.2% in the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 15,321 shares of the textile maker’s stock worth $121,000 after purchasing an additional 1,295 shares during the last quarter. Institutional investors own 96.00% of the company’s stock.
Hanesbrands stock opened at $9.59 on Friday. The firm’s 50 day simple moving average is $8.93 and its 200-day simple moving average is $12.52. The company has a market cap of $3.41 billion, a P/E ratio of 6.75, a price-to-earnings-growth ratio of 4.95 and a beta of 1.52. The company has a debt-to-equity ratio of 5.26, a current ratio of 2.21 and a quick ratio of 1.11. Hanesbrands Inc. has a fifty-two week low of $6.96 and a fifty-two week high of $17.69.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.05 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.06). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Hanesbrands had a return on equity of 50.63% and a net margin of 7.75%. The business’s revenue for the quarter was down 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share. On average, analysts expect that Hanesbrands Inc. will post 0.6 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 19th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend is Monday, May 18th. Hanesbrands’s dividend payout ratio is currently 34.09%.
Several equities analysts have recently issued reports on HBI shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Hanesbrands in a research note on Monday, February 10th. ValuEngine raised shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 14th. UBS Group lifted their price objective on shares of Hanesbrands from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Raymond James started coverage on shares of Hanesbrands in a research note on Tuesday, March 31st. They issued a “market perform” rating on the stock. Finally, B. Riley lowered their price objective on shares of Hanesbrands from $22.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $12.85.
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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