Hanesbrands Inc. (HBI) Position Trimmed by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 509,414 shares of the textile maker’s stock after selling 11,537 shares during the quarter. Prudential Financial Inc. owned about 0.14% of Hanesbrands worth $11,799,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Lazard Asset Management LLC lifted its position in shares of Hanesbrands by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 5,000 shares of the textile maker’s stock worth $103,000 after acquiring an additional 1,000 shares during the period. Van ECK Associates Corp lifted its position in shares of Hanesbrands by 7.4% in the 1st quarter. Van ECK Associates Corp now owns 5,995 shares of the textile maker’s stock worth $124,000 after acquiring an additional 415 shares during the period. Washington Trust Bank raised its holdings in shares of Hanesbrands by 50.0% in the 2nd quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock worth $139,000 after buying an additional 2,000 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of Hanesbrands by 11.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 6,812 shares of the textile maker’s stock worth $141,000 after buying an additional 708 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Hanesbrands by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 7,716 shares of the textile maker’s stock worth $160,000 after buying an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 94.35% of the company’s stock.

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A number of equities analysts have recently issued reports on HBI shares. Credit Suisse Group set a $28.00 target price on Hanesbrands and gave the stock a “buy” rating in a report on Thursday, July 27th. BidaskClub raised Hanesbrands from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. UBS AG reissued a “buy” rating and issued a $27.00 target price (up from $25.00) on shares of Hanesbrands in a report on Tuesday, August 8th. Vetr raised Hanesbrands from a “buy” rating to a “strong-buy” rating and set a $26.36 target price for the company in a report on Monday, August 21st. Finally, ValuEngine cut Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $27.18.

Hanesbrands Inc. (NYSE HBI) opened at 25.13 on Monday. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 16.47 and a beta of 0.71. The stock has a 50 day moving average price of $23.99 and a 200 day moving average price of $22.07. Hanesbrands Inc. has a 52-week low of $18.91 and a 52-week high of $27.07.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 2.39%. Hanesbrands’s payout ratio is 39.47%.

In related news, insider John T. Marsh sold 11,100 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $22.57, for a total value of $250,527.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider W Howard Upchurch, Jr. sold 55,850 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $22.90, for a total value of $1,278,965.00. Following the completion of the sale, the insider now owns 579,663 shares of the company’s stock, valued at $13,274,282.70. The disclosure for this sale can be found here. Insiders sold 140,654 shares of company stock valued at $3,267,205 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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