Gotham Asset Management LLC Has $12.09 Million Stake in Hanesbrands Inc. (HBI)

Gotham Asset Management LLC cut its holdings in Hanesbrands Inc. (NYSE:HBI) by 56.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 521,970 shares of the textile maker’s stock after selling 666,116 shares during the period. Gotham Asset Management LLC owned approximately 0.14% of Hanesbrands worth $12,089,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Lazard Asset Management LLC lifted its position in Hanesbrands by 25.0% during 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 last quarter. QS Investors LLC raised its position in shares of Hanesbrands by 2.8% during the second quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock valued at $118,000 after buying an additional 140 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Hanesbrands by 7.4% during the first quarter. Van ECK Associates Corp now owns 5,995 shares of the textile maker’s stock valued at $124,000 after buying an additional 415 shares during the last quarter. Washington Trust Bank raised its position in shares of Hanesbrands by 50.0% during the second quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock valued at $139,000 after buying an additional 2,000 shares during the last quarter. Finally, Commonwealth Bank of Australia raised its position in shares of Hanesbrands by 19.2% during the second quarter. Commonwealth Bank of Australia now owns 6,598 shares of the textile maker’s stock valued at $152,000 after buying an additional 1,062 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

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In related news, insider John T. Marsh sold 10,325 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $24.27, for a total value of $250,587.75. Following the completion of the sale, the insider now directly owns 99,997 shares of the company’s stock, valued at approximately $2,426,927.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard D. Moss sold 20,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $24.08, for a total value of $481,600.00. Following the completion of the sale, the chief financial officer now directly owns 254,487 shares of the company’s stock, valued at $6,128,046.96. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

HBI has been the subject of a number of research analyst reports. ValuEngine raised shares of Hanesbrands from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. BidaskClub raised shares of Hanesbrands from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Credit Suisse Group set a $28.00 price objective on shares of Hanesbrands and gave the company a “buy” rating in a research report on Thursday, July 27th. Buckingham Research reissued a “buy” rating and issued a $30.00 target price on shares of Hanesbrands in a research note on Monday, July 17th. Finally, Vetr cut shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 target price on the stock. in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $27.27.

Hanesbrands Inc. (HBI) traded down 0.26% during mid-day trading on Tuesday, hitting $23.33. 985,198 shares of the stock traded hands. Hanesbrands Inc. has a one year low of $18.91 and a one year high of $27.07. The company has a 50 day moving average price of $24.53 and a 200-day moving average price of $22.83. The stock has a market capitalization of $8.50 billion, a PE ratio of 15.29 and a beta of 0.72.

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

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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