Hanesbrands Inc. (HBI) stock price moved 3.71% away from 20-Days Simple Moving Average, -5.77% from 50-Days Simple Moving Average and separated -7.35% from 200 Days Simple Moving Average. (NYSE:HBI) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. Insider ownership increased by a total of 43337 shares, which suggests that HBI's key executives are feeling more optimistic about the outlook for the stock. Epoch Investment Partners Inc. owned approximately 0.10% of Hanesbrands worth $9,230,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in HBI. Among active positions in the latest quarter, 301 holders increased their positions by a total of 39.88 million shares, 289 holders decreased the positions by a total of 25.62 million shares, and 99 holders held their positions. The institutional investor owned 522,964 shares of the textile maker's stock after buying an additional 13,550 shares during the quarter.
Logan Capital Management Inc decreased Fiserv Inc Com (NASDAQ:FISV) stake by 3,769 shares to 166,064 valued at $20.32M in 2017Q2. Dimensional Fund Advisors LP increased its holdings in shares of Hanesbrands by 2.1% during the first quarter. Gateway Investment Advisers LLC now owns 29,304 shares of the textile maker's stock valued at $679,000 after purchasing an additional 2,462 shares during the period.
Among new and sold out positions, 77 holders initiated new positions by a total of 14.39 million shares and 49 holders exited their positions by a total of 5.25 million shares. Alps Advisors Inc. now owns 23,635 shares of the textile maker's stock worth $547,000 after buying an additional 61 shares during the period. Sabal Trust CO purchased a new position in Hanesbrands during the third quarter worth about $25,479,000. Kingdon Capital Management Llc sold 53,783 shares as Facebook Inc (FB)'s stock rose 10.88%. Hanesbrands has $42 highest and $20 lowest target. The regular trading started at $55.99 but as the trading progressed, the stock escalated, completing the session with a decline of -0.66%. About 8.31M shares traded or 41.04% up from the average.
Hanesbrands Inc. (HBI) pulled off a 1.49 percent gain and now trades for $21.15. Hanesbrands Inc. The stock has a market capitalization of $7,539.60, a price-to-earnings ratio of 10.60, a PEG ratio of 1.18 and a beta of 0.70.
Hanesbrands (NYSE:HBI) last released its earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.60. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.80 billion. Hanesbrands Inc. price was kept to a minimum $20.43 in intra-day trade and has returned -4.78% this year alone. The firm's revenue was up 2.2% on a year-over-year basis. Bessemer Group Inc. boosted its stake in Hanesbrands by 43.5% during the 2nd quarter.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Friday, May 12th. Hanesbrands's payout ratio is 37.04%.
Torray Llc decreased Hanesbrands (HBI) stake by 8.89% reported in 2017Q2 SEC filing. (Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). Zacks Investment Research cut shares of Hanesbrands from a "buy" rating to a "hold" rating in a report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a "hold" rating and set a $23.00 price target on shares of Hanesbrands in a report on Tuesday, September 26th. FBR & Co reiterated a "buy" rating and set a $33.00 price target on shares of Hanesbrands in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. Hanesbrands now has a consensus rating of "Buy" and an average price target of $28.08.
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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.