Hanesbrands Inc. (NYSE:HBI) Position Boosted by Oxbow Advisors LLC

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Oxbow Advisors LLC lifted its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 0.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 157,848 shares of the textile maker’s stock after buying an additional 863 shares during the quarter. Oxbow Advisors LLC’s holdings in Hanesbrands were worth $2,718,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Investors Research Corp lifted its position in shares of Hanesbrands by 22.2% during the second quarter. Investors Research Corp now owns 3,300 shares of the textile maker’s stock worth $57,000 after purchasing an additional 600 shares during the last quarter. Mason Street Advisors LLC raised its stake in Hanesbrands by 1.4% during the first quarter. Mason Street Advisors LLC now owns 51,562 shares of the textile maker’s stock worth $922,000 after acquiring an additional 704 shares during the period. Piedmont Investment Advisors Inc. raised its stake in Hanesbrands by 2.3% during the first quarter. Piedmont Investment Advisors Inc. now owns 31,988 shares of the textile maker’s stock worth $572,000 after acquiring an additional 704 shares during the period. Naples Global Advisors LLC raised its stake in Hanesbrands by 2.9% during the second quarter. Naples Global Advisors LLC now owns 25,777 shares of the textile maker’s stock worth $444,000 after acquiring an additional 725 shares during the period. Finally, Shufro Rose & Co. LLC raised its stake in Hanesbrands by 1.1% during the second quarter. Shufro Rose & Co. LLC now owns 79,623 shares of the textile maker’s stock worth $1,371,000 after acquiring an additional 885 shares during the period. 91.41% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Gerald Evans purchased 10,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $14.74 per share, for a total transaction of $147,400.00. Following the completion of the purchase, the chief executive officer now owns 1,655,880 shares of the company’s stock, valued at $24,407,671.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joia M. Johnson purchased 7,100 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average price of $13.97 per share, for a total transaction of $99,187.00. Following the purchase, the insider now directly owns 115,830 shares of the company’s stock, valued at approximately $1,618,145.10. The disclosure for this purchase can be found here. 1.04% of the stock is currently owned by company insiders.

Several equities research analysts recently weighed in on the stock. Bank of America dropped their price objective on shares of Hanesbrands from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Citigroup dropped their price objective on shares of Hanesbrands from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, ValuEngine lowered shares of Hanesbrands from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $17.88.

HBI traded down $0.23 on Tuesday, hitting $13.50. 279,717 shares of the company’s stock were exchanged, compared to its average volume of 6,860,873. The firm has a market cap of $4.96 billion, a PE ratio of 7.88, a P/E/G ratio of 1.78 and a beta of 1.10. Hanesbrands Inc. has a twelve month low of $11.57 and a twelve month high of $19.38. The stock has a fifty day moving average of $15.33 and a two-hundred day moving average of $17.01. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 3.56.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, August 1st. The textile maker reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Hanesbrands had a net margin of 8.13% and a return on equity of 63.57%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter last year, the business earned $0.45 earnings per share. Hanesbrands’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that Hanesbrands Inc. will post 1.76 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th will be paid a $0.15 dividend. The ex-dividend date is Monday, August 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.44%. Hanesbrands’s payout ratio is currently 35.09%.

About Hanesbrands

Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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