Giverny Capital Inc. Has $284,000 Stake in Hanesbrands Inc. (HBI)

Giverny Capital Inc. held its position in Hanesbrands Inc. (NYSE:HBI) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,264 shares of the textile maker’s stock at the end of the second quarter. Hanesbrands makes up 0.0% of Giverny Capital Inc.’s holdings, making the stock its 23rd largest position. Giverny Capital Inc.’s holdings in Hanesbrands were worth $284,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HBI. Alps Advisors Inc. increased its position in Hanesbrands by 0.3% in the second quarter. Alps Advisors Inc. now owns 23,635 shares of the textile maker’s stock worth $547,000 after buying an additional 61 shares in the last quarter. CIBC Asset Management Inc increased its position in Hanesbrands by 0.3% in the second quarter. CIBC Asset Management Inc now owns 36,700 shares of the textile maker’s stock worth $850,000 after buying an additional 106 shares in the last quarter. Advantus Capital Management Inc increased its position in Hanesbrands by 0.3% in the first quarter. Advantus Capital Management Inc now owns 37,884 shares of the textile maker’s stock worth $786,000 after buying an additional 131 shares in the last quarter. Nicolet Bankshares Inc. increased its position in Hanesbrands by 1.5% in the second quarter. Nicolet Bankshares Inc. now owns 13,345 shares of the textile maker’s stock worth $309,000 after buying an additional 200 shares in the last quarter. Finally, FTB Advisors Inc. increased its position in Hanesbrands by 1.8% in the first quarter. FTB Advisors Inc. now owns 11,227 shares of the textile maker’s stock worth $233,000 after buying an additional 202 shares in the last quarter. Institutional investors and hedge funds own 94.54% of the company’s stock.

Shares of Hanesbrands Inc. (NYSE:HBI) opened at 23.53 on Friday. Hanesbrands Inc. has a 52-week low of $18.91 and a 52-week high of $28.24. The firm has a market capitalization of $8.58 billion, a price-to-earnings ratio of 15.42 and a beta of 0.73. The firm has a 50-day moving average of $23.44 and a 200 day moving average of $21.73.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The company’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. Analysts predict that Hanesbrands Inc. will post $1.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Tuesday, August 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, August 11th. Hanesbrands’s payout ratio is presently 39.47%.

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A number of research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Buckingham Research reiterated a “buy” rating and issued a $30.00 target price on shares of Hanesbrands in a report on Monday, July 17th. Finally, Oppenheimer Holdings, Inc. set a $32.00 target price on shares of Hanesbrands and gave the stock a “buy” rating in a report on Tuesday, August 1st. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.57.

In other news, insider John T. Marsh sold 11,100 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $22.57, for a total value of $250,527.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gerald Evans sold 43,379 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $23.18, for a total transaction of $1,005,525.22. Following the completion of the transaction, the chief executive officer now directly owns 1,056,314 shares in the company, valued at $24,485,358.52. The disclosure for this sale can be found here. Insiders sold 130,329 shares of company stock worth $3,016,617 over the last three months. Insiders own 1.10% of the company’s stock.

Hanesbrands Company 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.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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