Hanesbrands Inc. (NYSE:HBI) CFO Richard D. Moss sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $24.08, for a total transaction of $481,600.00. Following the sale, the chief financial officer now directly owns 254,487 shares in the company, valued at $6,128,046.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Hanesbrands Inc. (NYSE HBI) traded down 1.47% on Friday, reaching $23.53. 3,650,001 shares of the company traded hands. The firm has a 50 day moving average price of $23.42 and a 200 day moving average price of $21.73. Hanesbrands Inc. has a 52-week low of $18.91 and a 52-week high of $28.24. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 15.42 and a beta of 0.73.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the company earned $0.51 EPS. The firm’s revenue was up 11.8% on a year-over-year basis. Equities research analysts predict that Hanesbrands Inc. will post $1.99 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.60 annualized dividend and a yield of 2.55%. Hanesbrands’s dividend payout ratio (DPR) is currently 39.47%.
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A number of large investors have recently bought and sold shares of the company. Alps Advisors Inc. raised its stake in Hanesbrands by 0.3% in the second quarter. Alps Advisors Inc. now owns 23,635 shares of the textile maker’s stock valued at $547,000 after buying an additional 61 shares during the period. CIBC Asset Management Inc raised its stake in Hanesbrands by 0.3% in the second quarter. CIBC Asset Management Inc now owns 36,700 shares of the textile maker’s stock valued at $850,000 after buying an additional 106 shares during the period. ARGI Investment Services LLC raised its stake in Hanesbrands by 1.2% in the second quarter. ARGI Investment Services LLC now owns 10,696 shares of the textile maker’s stock valued at $248,000 after buying an additional 127 shares during the period. Advantus Capital Management Inc raised its stake in Hanesbrands by 0.3% in the first quarter. Advantus Capital Management Inc now owns 37,884 shares of the textile maker’s stock valued at $786,000 after buying an additional 131 shares during the period. Finally, QS Investors LLC raised its stake in Hanesbrands by 2.8% in 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 period. Hedge funds and other institutional investors own 94.54% of the company’s stock.
Several brokerages have recently weighed in on HBI. BidaskClub lowered shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. ValuEngine upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Morgan Stanley increased their price objective on shares of Hanesbrands from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. Zacks Investment Research lowered shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, UBS AG reiterated a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Hanesbrands in a report on Tuesday, August 8th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $27.57.
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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