Candriam Luxembourg S.C.A. raised its stake in shares of HanesBrands Inc. (NYSE:HBI) by 17.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,844 shares of the company’s stock after buying an additional 2,035 shares during the period. Candriam Luxembourg S.C.A.’s holdings in HanesBrands were worth $348,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Magnetar Financial LLC acquired a new position in shares of HanesBrands during the first quarter valued at approximately $218,000. Advisor Partners LLC increased its stake in HanesBrands by 9.1% in the first quarter. Advisor Partners LLC now owns 7,717 shares of the company’s stock worth $219,000 after buying an additional 641 shares in the last quarter. Mariner Wealth Advisors LLC purchased a new stake in HanesBrands during the first quarter worth approximately $227,000. Nikko Asset Management Americas Inc. purchased a new stake in HanesBrands during the second quarter worth approximately $229,000. Finally, Hancock Holding Co. purchased a new stake in HanesBrands during the first quarter worth approximately $239,000. Institutional investors and hedge funds own 91.31% of the company’s stock.
Shares of HanesBrands Inc. (NYSE:HBI) traded down 2.06% on Thursday, reaching $24.70. The company had a trading volume of 9,153,280 shares. HanesBrands Inc. has a 1-year low of $23.25 and a 1-year high of $33.24. The stock has a market capitalization of $9.33 billion, a P/E ratio of 19.82 and a beta of 0.94. The company’s 50 day moving average price is $26.05 and its 200-day moving average price is $26.77.
HanesBrands (NYSE:HBI) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.01. The company earned $1.47 billion during the quarter, compared to analysts’ expectations of $1.53 billion. HanesBrands had a net margin of 8.60% and a return on equity of 59.48%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 earnings per share. Equities analysts predict that HanesBrands Inc. will post $1.92 EPS for the current year.
A number of research firms recently commented on HBI. Zacks Investment Research upgraded HanesBrands from a “sell” rating to a “hold” rating in a research report on Tuesday, August 23rd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $35.00 target price on shares of HanesBrands in a research report on Tuesday, August 2nd. Credit Suisse Group AG reiterated a “buy” rating and issued a $37.00 target price on shares of HanesBrands in a research report on Wednesday, September 14th. Cowen and Company downgraded HanesBrands from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $33.00 to $27.00 in a research report on Wednesday. Finally, FBR & Co reiterated an “outperform” rating and issued a $39.00 target price on shares of HanesBrands in a research report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. HanesBrands presently has a consensus rating of “Buy” and an average target price of $33.79.
In other HanesBrands news, CEO Richard A. Noll bought 20,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were acquired at an average cost of $25.74 per share, with a total value of $514,800.00. Following the purchase, the chief executive officer now directly owns 870,077 shares of the company’s stock, valued at approximately $22,395,781.98. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by company insiders.
Hanesbrands Inc is a manufacturer and marketer of apparels. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports.