Hanesbrands Inc. (NYSE:HBI) Position Reduced by United Capital Financial Advisers LLC

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United Capital Financial Advisers LLC decreased its holdings in Hanesbrands Inc. (NYSE:HBI) by 10.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,126 shares of the textile maker’s stock after selling 9,658 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Hanesbrands were worth $1,397,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Rational Advisors LLC grew its position in Hanesbrands by 254.6% in the first quarter. Rational Advisors LLC now owns 1,585 shares of the textile maker’s stock worth $28,000 after buying an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC grew its position in Hanesbrands by 511.7% in the second quarter. Golden State Wealth Management LLC now owns 2,514 shares of the textile maker’s stock worth $43,000 after buying an additional 2,103 shares during the last quarter. Private Ocean LLC acquired a new position in Hanesbrands in the second quarter worth approximately $49,000. Redhawk Wealth Advisors Inc. acquired a new position in Hanesbrands in the second quarter worth approximately $49,000. Finally, Investors Research Corp grew its position in Hanesbrands by 22.2% in the second quarter. Investors Research Corp now owns 3,300 shares of the textile maker’s stock worth $57,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 90.22% of the company’s stock.

Shares of Hanesbrands stock traded up $0.15 on Friday, hitting $14.64. 115,064 shares of the company traded hands, compared to its average volume of 5,405,275. The company has a 50-day moving average price of $14.43 and a 200 day moving average price of $16.52. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 3.56. Hanesbrands Inc. has a 12-month low of $11.57 and a 12-month high of $19.38. The company has a market cap of $5.28 billion, a PE ratio of 8.57, a PEG ratio of 1.93 and a beta of 1.13.

Hanesbrands (NYSE:HBI) last posted 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 business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the company posted $0.45 EPS. Hanesbrands’s revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that Hanesbrands Inc. will post 1.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Monday, August 12th. Hanesbrands’s payout ratio is presently 35.09%.

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

Several research analysts have issued reports on HBI shares. UBS Group decreased their price target on shares of Hanesbrands from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Bank of America decreased their price target on shares of Hanesbrands from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. ValuEngine lowered shares of Hanesbrands from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. Finally, Citigroup lowered their price objective on shares of Hanesbrands from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $17.56.

Hanesbrands Company Profile

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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