Barrow Hanley Mewhinney & Strauss LLC lowered its position in Hanesbrands Inc. (NYSE:HBI) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,429,761 shares of the textile maker’s stock after selling 79,810 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 2.86% of Hanesbrands worth $256,989,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in HBI. Check Capital Management Inc. CA lifted its position in Hanesbrands by 100.0% in the third quarter. Check Capital Management Inc. CA now owns 4,413,635 shares of the textile maker’s stock valued at $108,752,000 after buying an additional 2,207,066 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Hanesbrands by 33.3% in the third quarter. Bank of New York Mellon Corp now owns 4,638,005 shares of the textile maker’s stock valued at $114,282,000 after buying an additional 1,159,722 shares during the last quarter. Sabal Trust CO acquired a new position in Hanesbrands in the third quarter valued at about $25,479,000. USS Investment Management Ltd acquired a new position in Hanesbrands in the second quarter valued at about $20,937,000. Finally, WBI Investments Inc. acquired a new position in Hanesbrands in the second quarter valued at about $15,165,000. 96.92% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 target price on shares of Hanesbrands in a research report on Tuesday, September 26th. Oppenheimer reaffirmed a “buy” rating on shares of Hanesbrands in a research report on Wednesday, October 18th. BidaskClub cut shares of Hanesbrands from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Vetr raised shares of Hanesbrands from a “buy” rating to a “strong-buy” rating and set a $26.36 target price on the stock in a research report on Monday, August 21st. Finally, Cowen set a $22.00 target price on shares of Hanesbrands and gave the company a “hold” rating in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. Hanesbrands currently has a consensus rating of “Hold” and a consensus target price of $26.13.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. equities research analysts forecast that Hanesbrands Inc. will post 1.94 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.82%. Hanesbrands’s dividend payout ratio is presently 37.04%.
Hanesbrands Company Profile
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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