Trade Report: The 7,031 Shares of HanesBrands Inc. (HBI) are sold by Retirement Systems of Alabama

The 7,031 Shares of HanesBrands Inc. (HBI) are sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in HanesBrands Inc. (NYSE:HBI) by 3.5% during the second quarter, Holdings Channel reports. The fund owned 192,463 shares of the company’s stock after selling 7,031 shares during the period. Retirement Systems of Alabama’s holdings in HanesBrands were worth $4,837,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Conning Inc. raised its position in shares of HanesBrands by 1.1% in the second quarter. Conning Inc. now owns 10,210 shares of the company’s stock worth $257,000 after buying an additional 110 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of HanesBrands by 0.8% in the second quarter. LS Investment Advisors LLC now owns 14,299 shares of the company’s stock worth $359,000 after buying an additional 119 shares during the last quarter. Albion Financial Group UT raised its position in shares of HanesBrands by 1.5% in the second quarter. Albion Financial Group UT now owns 10,371 shares of the company’s stock worth $261,000 after buying an additional 153 shares during the last quarter. Gateway Investment Advisers LLC raised its position in shares of HanesBrands by 1.2% in the second quarter. Gateway Investment Advisers LLC now owns 32,822 shares of the company’s stock worth $825,000 after buying an additional 395 shares during the last quarter. Finally, Capital Analysts LLC raised its position in shares of HanesBrands by 2.6% in the second quarter. Capital Analysts LLC now owns 21,380 shares of the company’s stock worth $537,000 after buying an additional 538 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

HanesBrands Inc. (NYSE:HBI) traded down 1.30% during trading on Friday, hitting $24.38. 3,768,426 shares of the stock traded hands. HanesBrands Inc. has a 12 month low of $23.25 and a 12 month high of $33.24. The stock has a market cap of $9.21 billion, a PE ratio of 19.57 and a beta of 0.94. The company has a 50-day moving average price of $25.87 and a 200-day moving average price of $26.73.

HanesBrands (NYSE:HBI) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.01. HanesBrands had a net margin of 8.60% and a return on equity of 59.48%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the company earned $0.50 earnings per share. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. Equities research analysts expect that HanesBrands Inc. will post $1.92 EPS for the current year.

A number of research analysts have issued reports on the stock. Oppenheimer Holdings Inc. restated an “outperform” rating and set 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 set a $37.00 price target on shares of HanesBrands in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of HanesBrands from a “sell” rating to a “hold” rating in a research report on Tuesday, August 23rd. FBR & Co reiterated an “outperform” rating and set a $39.00 price target on shares of HanesBrands in a research report on Thursday, July 7th. Finally, Citigroup Inc. reduced their price target on shares of HanesBrands from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $33.79.

In related news, CEO Richard A. Noll acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was acquired at an average cost of $25.74 per share, for a total transaction of $514,800.00. Following the acquisition, the chief executive officer now owns 870,077 shares of the company’s stock, valued at $22,395,781.98. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

About HanesBrands

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.

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