Sei Investments Co. trimmed its holdings in Hanesbrands Inc. (NYSE:HBI) by 52.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 265,565 shares of the textile maker’s stock after selling 292,293 shares during the period. Sei Investments Co. owned 0.07% of Hanesbrands worth $4,892,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Sigma Planning Corp boosted its stake in Hanesbrands by 13.9% in the 4th quarter. Sigma Planning Corp now owns 20,242 shares of the textile maker’s stock worth $423,000 after buying an additional 2,476 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of Hanesbrands by 14.6% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 22,920 shares of the textile maker’s stock valued at $479,000 after purchasing an additional 2,920 shares in the last quarter. US Bancorp DE lifted its stake in shares of Hanesbrands by 5.8% in the 4th quarter. US Bancorp DE now owns 53,325 shares of the textile maker’s stock valued at $1,116,000 after purchasing an additional 2,931 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Hanesbrands by 3.0% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 114,523 shares of the textile maker’s stock valued at $2,110,000 after purchasing an additional 3,346 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Hanesbrands by 0.5% in the 4th quarter. Rhumbline Advisers now owns 700,762 shares of the textile maker’s stock valued at $14,653,000 after purchasing an additional 3,651 shares in the last quarter. 99.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:HBI opened at $20.30 on Friday. The stock has a market cap of $7.27 billion, a P/E ratio of 10.52, a P/E/G ratio of 1.52 and a beta of 0.72. The company has a current ratio of 2.03, a quick ratio of 0.81 and a debt-to-equity ratio of 5.93. Hanesbrands Inc. has a one year low of $16.38 and a one year high of $25.73.

Hanesbrands (NYSE:HBI) last announced its earnings results on Tuesday, May 1st. The textile maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. Hanesbrands had a return on equity of 75.80% and a net margin of 1.08%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS. equities analysts forecast that Hanesbrands Inc. will post 1.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 5th. Investors of record on Tuesday, May 15th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.96%. Hanesbrands’s payout ratio is currently 31.09%.

In other Hanesbrands news, CEO Gerald Evans acquired 17,500 shares of the company’s stock in a transaction on Wednesday, May 16th. The shares were bought at an average cost of $17.66 per share, for a total transaction of $309,050.00. Following the acquisition, the chief executive officer now directly owns 1,198,206 shares of the company’s stock, valued at $21,160,317.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David V. Singer acquired 31,230 shares of the company’s stock in a transaction on Thursday, May 17th. The shares were acquired at an average price of $17.72 per share, for a total transaction of $553,395.60. Following the completion of the acquisition, the director now directly owns 26,880 shares in the company, valued at $476,313.60. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 70,620 shares of company stock worth $1,244,864. Company insiders own 1.06% of the company’s stock.

Several research firms have recently weighed in on HBI. B. Riley reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Hanesbrands in a research note on Tuesday, May 1st. ValuEngine raised Hanesbrands from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 26th. Citigroup reduced their price objective on Hanesbrands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 2nd. Macquarie began coverage on Hanesbrands in a research note on Monday, April 2nd. They issued a “neutral” rating and a $19.00 price objective on the stock. Finally, Zacks Investment Research raised Hanesbrands from a “strong sell” rating to a “hold” rating and set a $20.00 price objective on the stock in a research note on Wednesday, April 11th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $24.22.

Hanesbrands Company Profile

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

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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