Intrepid Capital Management Inc. purchased a new stake in Hanesbrands Inc. (NYSE:HBI) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 137,750 shares of the textile maker’s stock, valued at approximately $2,463,000. Hanesbrands accounts for approximately 1.2% of Intrepid Capital Management Inc.’s portfolio, making the stock its 27th biggest position.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Comerica Bank increased its position in Hanesbrands by 0.9% in the 4th quarter. Comerica Bank now owns 72,967 shares of the textile maker’s stock valued at $1,111,000 after acquiring an additional 673 shares during the period. Hartford Investment Management Co. increased its position in shares of Hanesbrands by 1.1% during the fourth quarter. Hartford Investment Management Co. now owns 62,904 shares of the textile maker’s stock worth $788,000 after buying an additional 698 shares during the period. Mason Street Advisors LLC increased its position in shares of Hanesbrands by 1.4% during the first quarter. Mason Street Advisors LLC now owns 51,562 shares of the textile maker’s stock worth $922,000 after buying an additional 704 shares during the period. Piedmont Investment Advisors Inc. increased its position in shares of Hanesbrands by 2.3% during the first quarter. Piedmont Investment Advisors Inc. now owns 31,988 shares of the textile maker’s stock worth $572,000 after buying an additional 704 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of Hanesbrands by 0.4% during the fourth quarter. Great West Life Assurance Co. Can now owns 233,350 shares of the textile maker’s stock worth $2,781,000 after buying an additional 825 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.
Separately, Zacks Investment Research cut shares of Hanesbrands from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.83.
In related news, CFO Barry Hytinen bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $17.56 per share, with a total value of $175,600.00. Following the completion of the purchase, the chief financial officer now directly owns 176,312 shares in the company, valued at $3,096,038.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.04% of the stock is owned by corporate insiders.
NYSE HBI traded down $0.02 on Friday, hitting $16.39. 68,132 shares of the company were exchanged, compared to its average volume of 3,815,649. The firm has a market cap of $5.81 billion, a PE ratio of 9.58, a P/E/G ratio of 3.05 and a beta of 1.04. Hanesbrands Inc. has a 12 month low of $11.57 and a 12 month high of $22.57. The company has a quick ratio of 0.64, a current ratio of 1.66 and a debt-to-equity ratio of 3.84.
Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, May 2nd. The textile maker reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.53 billion. Hanesbrands had a net margin of 7.99% and a return on equity of 69.68%. Hanesbrands’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. On average, equities analysts predict 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 4th. Investors of record on Tuesday, May 14th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.66%. The ex-dividend date was Monday, May 13th. Hanesbrands’s dividend payout ratio is presently 35.09%.
COPYRIGHT VIOLATION NOTICE: This story was first published by Equities Focus and is owned by of Equities Focus. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.equitiesfocus.com/2019/06/14/137750-shares-in-hanesbrands-inc-nysehbi-acquired-by-intrepid-capital-management-inc.html.
Hanesbrands Company Profile
Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.
Read More: Why Invest in Dividend Achievers?
Want to see what other hedge funds are holding HBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanesbrands Inc. (NYSE:HBI).
Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.