Tibra Equities Europe Ltd Purchases New Stake in Hanesbrands Inc. (NYSE:HBI)

Tibra Equities Europe Ltd acquired a new position in Hanesbrands Inc. (NYSE:HBIGet Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,916 shares of the textile maker’s stock, valued at approximately $356,000. Hanesbrands accounts for about 0.4% of Tibra Equities Europe Ltd’s portfolio, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new stake in shares of Hanesbrands during the 1st quarter worth approximately $30,000. Quent Capital LLC bought a new position in Hanesbrands during the fourth quarter valued at $44,000. Acadian Asset Management LLC increased its position in Hanesbrands by 109.5% in the fourth quarter. Acadian Asset Management LLC now owns 2,715 shares of the textile maker’s stock worth $44,000 after buying an additional 1,419 shares during the last quarter. CWM LLC raised its stake in shares of Hanesbrands by 30.4% in the first quarter. CWM LLC now owns 3,002 shares of the textile maker’s stock valued at $45,000 after buying an additional 700 shares during the period. Finally, UMB Bank N A MO purchased a new position in shares of Hanesbrands during the 4th quarter valued at $51,000. 88.53% of the stock is currently owned by hedge funds and other institutional investors.

Hanesbrands Stock Up 4.7 %

HBI opened at $9.17 on Friday. The firm has a market capitalization of $3.20 billion, a P/E ratio of 7.64 and a beta of 1.51. Hanesbrands Inc. has a one year low of $8.34 and a one year high of $19.59. The company has a fifty day moving average price of $10.32 and a 200-day moving average price of $12.23. The company has a debt-to-equity ratio of 5.09, a current ratio of 1.70 and a quick ratio of 0.69.

Hanesbrands (NYSE:HBIGet Rating) last posted its earnings results on Thursday, August 11th. The textile maker reported $0.28 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.05). Hanesbrands had a return on equity of 79.09% and a net margin of 6.37%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Hanesbrands’s quarterly revenue was down 13.8% compared to the same quarter last year. Equities research analysts expect that Hanesbrands Inc. will post 1.16 earnings per share for the current fiscal year.

Hanesbrands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Wednesday, August 24th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date is Tuesday, August 23rd. Hanesbrands’s dividend payout ratio is currently 50.00%.

Insider Activity at Hanesbrands

In related news, CEO Stephen B. Bratspies purchased 30,000 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was acquired at an average price of $8.65 per share, with a total value of $259,500.00. Following the purchase, the chief executive officer now directly owns 123,754 shares in the company, valued at $1,070,472.10. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. StockNews.com lowered Hanesbrands from a “hold” rating to a “sell” rating in a report on Monday, August 15th. UBS Group reduced their target price on shares of Hanesbrands from $14.00 to $12.00 in a research note on Friday, July 15th. Barclays dropped their price target on shares of Hanesbrands from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Monday, August 15th. Cowen cut their price objective on shares of Hanesbrands to $11.00 in a report on Thursday, June 9th. Finally, Wells Fargo & Company lowered their target price on shares of Hanesbrands from $18.00 to $13.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.73.

Hanesbrands Profile

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Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children. The company operates through three segments: Innerwear, Activewear, and International. It sells men's underwear, women's panties, children's underwear, activewear, and socks, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, performance apparel, sport shirts, performance T-shirts and shorts, sports bras, teamwear, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.

See Also

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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