Lehman Financial Resources Inc. Sells 3,100 Shares of Hanesbrands Inc. (HBI)

Lehman Financial Resources Inc. reduced its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 153,100 shares of the textile maker’s stock after selling 3,100 shares during the period. Hanesbrands accounts for about 1.7% of Lehman Financial Resources Inc.’s portfolio, making the stock its 16th largest holding. Lehman Financial Resources Inc.’s holdings in Hanesbrands were worth $3,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Sentry Investment Management LLC boosted its holdings in shares of Hanesbrands by 0.4% during the 2nd quarter. Sentry Investment Management LLC now owns 24,878 shares of the textile maker’s stock worth $576,000 after purchasing an additional 109 shares during the last quarter. QS Investors LLC boosted its holdings in shares of Hanesbrands by 2.8% during the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after purchasing an additional 140 shares during the last quarter. OLD Second National Bank of Aurora raised its position in shares of Hanesbrands by 3.3% during the 3rd quarter. OLD Second National Bank of Aurora now owns 73,167 shares of the textile maker’s stock valued at $1,803,000 after buying an additional 2,337 shares during the period. Sigma Planning Corp raised its position in shares of Hanesbrands by 13.9% during the 4th quarter. Sigma Planning Corp now owns 20,242 shares of the textile maker’s stock valued at $423,000 after buying an additional 2,476 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Hanesbrands by 9.6% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,642 shares of the textile maker’s stock valued at $730,000 after buying an additional 2,588 shares during the period. Institutional investors and hedge funds own 95.26% of the company’s stock.

Several research firms have recently commented on HBI. B. Riley reduced their price target on shares of Hanesbrands from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Nomura reduced their price target on shares of Hanesbrands from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. UBS Group lowered shares of Hanesbrands from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 24th. Wells Fargo & Co set a $20.00 price target on shares of Hanesbrands and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, Oppenheimer reaffirmed a “market perform” rating and set a $26.00 price target (down previously from $32.00) on shares of Hanesbrands in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $25.60.

Shares of Hanesbrands Inc. (NYSE:HBI) opened at $21.14 on Thursday. The stock has a market capitalization of $7,710.00, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 1.26 and a beta of 0.71. The company has a debt-to-equity ratio of 5.40, a current ratio of 1.90 and a quick ratio of 0.85. Hanesbrands Inc. has a 12-month low of $18.57 and a 12-month high of $25.73.

Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, February 8th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. Hanesbrands had a return on equity of 72.30% and a net margin of 0.96%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 earnings per share. equities research analysts expect that Hanesbrands Inc. will post 1.76 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Friday, February 16th. Hanesbrands’s payout ratio is 42.55%.

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About Hanesbrands

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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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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