Standard Life Aberdeen plc Grows Holdings in Hanesbrands Inc. (HBI)

Standard Life Aberdeen plc raised its position in Hanesbrands Inc. (NYSE:HBI) by 3.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,358,291 shares of the textile maker’s stock after acquiring an additional 164,848 shares during the period. Standard Life Aberdeen plc’s holdings in Hanesbrands were worth $112,069,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AlphaStar Capital Management LLC bought a new stake in shares of Hanesbrands during the 4th quarter worth approximately $407,000. First Republic Investment Management Inc. raised its stake in shares of Hanesbrands by 124.9% during the 4th quarter. First Republic Investment Management Inc. now owns 42,197 shares of the textile maker’s stock worth $882,000 after purchasing an additional 23,438 shares in the last quarter. Alexandria Capital LLC raised its stake in shares of Hanesbrands by 2,920.5% during the 4th quarter. Alexandria Capital LLC now owns 120,821 shares of the textile maker’s stock worth $2,527,000 after purchasing an additional 116,821 shares in the last quarter. Suntrust Banks Inc. raised its stake in shares of Hanesbrands by 11.6% during the 4th quarter. Suntrust Banks Inc. now owns 78,728 shares of the textile maker’s stock worth $1,645,000 after purchasing an additional 8,193 shares in the last quarter. Finally, ARP Americas LP bought a new stake in shares of Hanesbrands during the 4th quarter worth approximately $1,108,000. Hedge funds and other institutional investors own 96.65% of the company’s stock.

Hanesbrands Inc. (NYSE HBI) opened at $20.04 on Thursday. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.85 and a current ratio of 1.90. The firm has a market capitalization of $7,280.00, a P/E ratio of 14.16, a P/E/G ratio of 1.26 and a beta of 0.71. Hanesbrands Inc. has a 1-year low of $18.57 and a 1-year high of $25.73.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, February 8th. The textile maker reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. The business 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 revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. analysts anticipate that Hanesbrands Inc. will post 1.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Friday, February 16th. Hanesbrands’s payout ratio is presently 42.55%.

In related news, insider W Howard Upchurch, Jr. sold 51,743 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $20.70, for a total transaction of $1,071,080.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

A number of brokerages have recently issued reports on HBI. Deutsche Bank set a $27.00 price objective on Hanesbrands and gave the stock a “buy” rating in a research note on Friday, February 9th. Citigroup dropped their price objective on Hanesbrands from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Wells Fargo & Co set a $20.00 price objective on Hanesbrands and gave the stock a “hold” rating in a research note on Friday, February 9th. DA Davidson set a $27.00 price objective on Hanesbrands and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, B. Riley dropped their price objective on Hanesbrands from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Hanesbrands presently has an average rating of “Hold” and an average target price of $25.60.

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Hanesbrands 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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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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