KBC Group NV trimmed its holdings in Hanesbrands Inc. (NYSE:HBI) by 54.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 229,505 shares of the textile maker’s stock after selling 269,331 shares during the quarter. KBC Group NV owned 0.06% of Hanesbrands worth $5,655,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of HBI. BlackRock Inc. lifted its stake in Hanesbrands by 0.8% in the 2nd quarter. BlackRock Inc. now owns 23,050,392 shares of the textile maker’s stock valued at $533,848,000 after buying an additional 174,498 shares in the last quarter. State Street Corp lifted its stake in Hanesbrands by 0.9% in the 2nd quarter. State Street Corp now owns 15,512,816 shares of the textile maker’s stock valued at $359,281,000 after buying an additional 136,465 shares in the last quarter. Bessemer Group Inc. lifted its stake in Hanesbrands by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 5,977,411 shares of the textile maker’s stock valued at $147,284,000 after buying an additional 169,250 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Hanesbrands by 33.3% in the 3rd 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 in the last quarter. Finally, Check Capital Management Inc. CA lifted its stake in Hanesbrands by 100.0% in the 3rd 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 in the last quarter. 96.79% of the stock is currently owned by institutional investors.
A number of analysts have commented on HBI shares. ValuEngine downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Barclays assumed coverage on shares of Hanesbrands in a report on Tuesday, September 19th. They issued an “overweight” rating and a $31.00 price objective for the company. FBR & Co restated a “buy” rating and set a $33.00 price target on shares of Hanesbrands in a report on Thursday, September 21st. Instinet downgraded shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a report on Thursday, September 21st. Finally, Nomura downgraded shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. Hanesbrands has a consensus rating of “Hold” and a consensus target price of $25.97.
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 analysts’ consensus estimates of $0.60. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business posted $0.56 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. research analysts anticipate that Hanesbrands Inc. will post 1.94 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.87%. Hanesbrands’s dividend payout ratio (DPR) is 37.04%.
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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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