Chevy Chase Trust Holdings Inc. Buys 91,109 Shares of Hanesbrands Inc. (HBI)

Chevy Chase Trust Holdings Inc. increased its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 20.4% during the 4th quarter, HoldingsChannel reports. The fund owned 538,017 shares of the textile maker’s stock after purchasing an additional 91,109 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Hanesbrands were worth $11,250,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in Hanesbrands by 0.9% during the 2nd quarter. State Street Corp now owns 15,512,816 shares of the textile maker’s stock worth $359,281,000 after acquiring an additional 136,465 shares in the last quarter. Bessemer Group Inc. increased its holdings in Hanesbrands by 2.9% during the 3rd quarter. Bessemer Group Inc. now owns 5,977,411 shares of the textile maker’s stock worth $147,284,000 after purchasing an additional 169,250 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Hanesbrands by 33.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,638,005 shares of the textile maker’s stock worth $114,282,000 after purchasing an additional 1,159,722 shares during the last quarter. Check Capital Management Inc. CA increased its holdings in Hanesbrands by 100.0% during the 3rd quarter. Check Capital Management Inc. CA now owns 4,413,635 shares of the textile maker’s stock worth $108,752,000 after purchasing an additional 2,207,066 shares during the last quarter. Finally, Timucuan Asset Management Inc. FL increased its holdings in Hanesbrands by 19.5% during the 2nd quarter. Timucuan Asset Management Inc. FL now owns 2,457,990 shares of the textile maker’s stock worth $56,927,000 after purchasing an additional 400,382 shares during the last quarter. 96.55% of the stock is currently owned by hedge funds and other institutional investors.

Hanesbrands Inc. (NYSE:HBI) opened at $22.67 on Monday. The company has a market capitalization of $8,270.00, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.24 and a beta of 0.72. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.85 and a current ratio of 1.88. Hanesbrands Inc. has a 52 week low of $18.90 and a 52 week high of $25.73.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the business earned $0.56 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. analysts anticipate that Hanesbrands Inc. will post 1.95 earnings per share for the current year.

HBI has been the topic of several analyst reports. Zacks Investment Research upgraded Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Monday, October 9th. TheStreet downgraded Hanesbrands from a “b” rating to a “c+” rating in a report on Thursday, October 12th. Oppenheimer restated a “buy” rating on shares of Hanesbrands in a report on Wednesday, October 18th. FBR & Co restated a “buy” rating on shares of Hanesbrands in a report on Wednesday, October 18th. Finally, Deutsche Bank initiated coverage on Hanesbrands in a report on Monday, October 23rd. They set a “buy” rating and a $29.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $25.69.

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Hanesbrands 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.

Want to see what other hedge funds are holding HBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanesbrands Inc. (NYSE:HBI).

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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