Trillium Asset Management LLC Boosts Position in Hanesbrands Inc. (HBI)

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Trillium Asset Management LLC increased its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 11.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 111,666 shares of the textile maker’s stock after purchasing an additional 11,414 shares during the quarter. Trillium Asset Management LLC’s holdings in Hanesbrands were worth $1,997,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc boosted its holdings in shares of Hanesbrands by 1.2% during the third quarter. Vanguard Group Inc now owns 38,210,795 shares of the textile maker’s stock worth $704,224,000 after purchasing an additional 437,526 shares during the period. BlackRock Inc. lifted its stake in Hanesbrands by 3.7% in the fourth quarter. BlackRock Inc. now owns 24,750,735 shares of the textile maker’s stock valued at $310,126,000 after acquiring an additional 887,593 shares during the last quarter. Parnassus Investments CA lifted its stake in Hanesbrands by 0.5% in the fourth quarter. Parnassus Investments CA now owns 17,136,129 shares of the textile maker’s stock valued at $214,716,000 after acquiring an additional 80,397 shares during the last quarter. Shapiro Capital Management LLC lifted its stake in Hanesbrands by 5.7% in the fourth quarter. Shapiro Capital Management LLC now owns 14,487,327 shares of the textile maker’s stock valued at $181,526,000 after acquiring an additional 786,671 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its stake in Hanesbrands by 1.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 11,193,698 shares of the textile maker’s stock valued at $200,143,000 after acquiring an additional 200,860 shares during the last quarter. Institutional investors and hedge funds own 95.59% of the company’s stock.

Shares of Hanesbrands stock traded up $0.11 on Friday, reaching $16.94. The stock had a trading volume of 1,143,064 shares, compared to its average volume of 5,660,202. The company has a current ratio of 1.66, a quick ratio of 0.64 and a debt-to-equity ratio of 3.84. Hanesbrands Inc. has a fifty-two week low of $11.57 and a fifty-two week high of $22.57. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 3.11 and a beta of 0.93.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, May 2nd. The textile maker reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. Hanesbrands had a net margin of 7.99% and a return on equity of 69.68%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the company earned $0.26 earnings per share. Hanesbrands’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts predict that Hanesbrands Inc. will post 1.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Monday, May 13th. Hanesbrands’s payout ratio is 35.09%.

In other news, CFO Barry Hytinen acquired 10,000 shares of Hanesbrands stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $17.56 per share, for a total transaction of $175,600.00. Following the completion of the purchase, the chief financial officer now owns 176,312 shares of the company’s stock, valued at $3,096,038.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.04% of the stock is currently owned by insiders.

HBI has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Hanesbrands from a “hold” rating to a “sell” rating in a research note on Monday, January 21st. ValuEngine upgraded shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a research note on Friday, February 8th. Finally, Barclays set a $19.00 target price on shares of Hanesbrands and gave the company a “hold” rating in a research note on Saturday, February 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Hanesbrands presently has a consensus rating of “Hold” and a consensus price target of $18.83.

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Hanesbrands 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.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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