B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lessened its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 55.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 19,041 shares of the textile maker’s stock after selling 23,933 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Hanesbrands were worth $419,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. raised its holdings in shares of Hanesbrands by 12.6% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 22,275 shares of the textile maker’s stock valued at $490,000 after purchasing an additional 2,500 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in Hanesbrands by 22.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 14,846 shares of the textile maker’s stock valued at $327,000 after buying an additional 2,725 shares during the last quarter. Chevy Chase Trust Holdings Inc. grew its position in shares of Hanesbrands by 0.4% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 701,437 shares of the textile maker’s stock worth $15,446,000 after purchasing an additional 2,887 shares in the last quarter. Isthmus Partners LLC grew its position in shares of Hanesbrands by 1.1% during the 2nd quarter. Isthmus Partners LLC now owns 274,533 shares of the textile maker’s stock worth $6,045,000 after purchasing an additional 2,894 shares in the last quarter. Finally, Ridgewood Investments LLC grew its position in shares of Hanesbrands by 27.1% during the 2nd quarter. Ridgewood Investments LLC now owns 14,806 shares of the textile maker’s stock worth $326,000 after purchasing an additional 3,154 shares in the last quarter. 99.58% of the stock is owned by hedge funds and other institutional investors.
NYSE:HBI traded up $0.22 during trading hours on Monday, reaching $17.41. The company had a trading volume of 3,924,000 shares, compared to its average volume of 6,377,608. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.05 and a beta of 0.37. Hanesbrands Inc. has a twelve month low of $16.38 and a twelve month high of $24.12. The company has a current ratio of 2.02, a quick ratio of 0.84 and a debt-to-equity ratio of 5.41.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Wednesday, August 1st. The textile maker reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Hanesbrands had a net margin of 0.58% and a return on equity of 78.67%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts predict that Hanesbrands Inc. will post 1.76 earnings per share for the current fiscal year.
A number of brokerages have issued reports on HBI. ValuEngine upgraded shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 21st. Credit Suisse Group reduced their price target on shares of Hanesbrands from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, August 2nd. Buckingham Research reduced their price target on shares of Hanesbrands from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. UBS Group started coverage on shares of Hanesbrands in a research note on Thursday, June 21st. They issued a “neutral” rating and a $22.00 price objective for the company. Finally, Barclays downgraded shares of Hanesbrands from an “overweight” rating to an “equal weight” rating and set a $22.00 price objective for the company. in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $22.88.
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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