M&T Bank Corp Purchases 9,470 Shares of Hanesbrands (HBI)

M&T Bank Corp lifted its position in shares of Hanesbrands (NYSE:HBI) by 16.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,970 shares of the textile maker’s stock after purchasing an additional 9,470 shares during the quarter. M&T Bank Corp’s holdings in Hanesbrands were worth $1,214,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Global Trust Asset Management LLC acquired a new stake in shares of Hanesbrands during the 4th quarter worth approximately $134,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in shares of Hanesbrands during the 4th quarter worth approximately $134,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Hanesbrands by 287.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 8,271 shares of the textile maker’s stock worth $173,000 after purchasing an additional 6,135 shares in the last quarter. Calton & Associates Inc. acquired a new stake in shares of Hanesbrands during the 4th quarter worth approximately $202,000. Finally, Assetmark Inc. grew its holdings in shares of Hanesbrands by 185.9% during the 4th quarter. Assetmark Inc. now owns 9,991 shares of the textile maker’s stock worth $209,000 after purchasing an additional 6,497 shares in the last quarter. 98.80% of the stock is currently owned by institutional investors.

Hanesbrands stock opened at $18.38 on Friday. The company has a current ratio of 2.03, a quick ratio of 0.81 and a debt-to-equity ratio of 5.93. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 1.39 and a beta of 0.72. Hanesbrands has a 52 week low of $16.38 and a 52 week high of $25.73.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Tuesday, May 1st. The textile maker reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. Hanesbrands had a return on equity of 75.80% and a net margin of 1.08%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 earnings per share. research analysts anticipate that Hanesbrands will post 1.76 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 5th. Shareholders of record on Tuesday, May 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Monday, May 14th. Hanesbrands’s dividend payout ratio is currently 31.09%.

Several analysts have recently weighed in on HBI shares. Barclays lifted their price objective on Hanesbrands from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. ValuEngine lowered Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. B. Riley decreased their price target on Hanesbrands from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. DA Davidson set a $27.00 price target on Hanesbrands and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Wells Fargo set a $20.00 price target on Hanesbrands and gave the company a “hold” rating in a research note on Friday, February 9th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $24.22.

In other Hanesbrands news, CEO Gerald Evans acquired 17,500 shares of Hanesbrands stock in a transaction on Wednesday, May 16th. The shares were bought at an average price of $17.66 per share, with a total value of $309,050.00. Following the completion of the purchase, the chief executive officer now owns 1,198,206 shares in the company, valued at $21,160,317.96. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David V. Singer acquired 31,230 shares of Hanesbrands stock in a transaction on Thursday, May 17th. The stock was acquired at an average cost of $17.72 per share, for a total transaction of $553,395.60. Following the purchase, the director now owns 26,880 shares of the company’s stock, valued at approximately $476,313.60. The disclosure for this purchase can be found here. In the last three months, insiders acquired 70,620 shares of company stock worth $1,244,864. Insiders own 1.06% of the company’s stock.

Hanesbrands Company Profile

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.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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