SG Americas Securities LLC Sells 10,078 Shares of Hanesbrands Inc. (NYSE:HBI)

SG Americas Securities LLC reduced its holdings in shares of Hanesbrands Inc. (NYSE:HBIGet Rating) by 6.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,191 shares of the textile maker’s stock after selling 10,078 shares during the period. SG Americas Securities LLC’s holdings in Hanesbrands were worth $997,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA purchased a new stake in shares of Hanesbrands during the second quarter valued at approximately $36,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Hanesbrands during the second quarter valued at approximately $45,000. Canada Pension Plan Investment Board boosted its stake in shares of Hanesbrands by 41.9% during the first quarter. Canada Pension Plan Investment Board now owns 5,010 shares of the textile maker’s stock valued at $74,000 after purchasing an additional 1,480 shares during the period. Meeder Asset Management Inc. lifted its stake in Hanesbrands by 180.8% in the second quarter. Meeder Asset Management Inc. now owns 5,659 shares of the textile maker’s stock worth $58,000 after acquiring an additional 3,644 shares during the period. Finally, CX Institutional purchased a new stake in Hanesbrands in the second quarter worth $60,000. Hedge funds and other institutional investors own 81.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HBI. Wells Fargo & Company lowered Hanesbrands from an “overweight” rating to an “underweight” rating and dropped their price target for the stock from $13.00 to $5.00 in a research note on Monday, October 31st. Credit Suisse Group lowered Hanesbrands from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $10.00 to $7.00 in a research note on Wednesday, November 9th. Citigroup dropped their price target on Hanesbrands from $11.00 to $7.00 and set a “neutral” rating for the company in a research note on Sunday, November 6th. Barclays raised their price target on Hanesbrands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, January 13th. Finally, StockNews.com raised Hanesbrands from a “sell” rating to a “hold” rating in a research report on Friday, January 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.10.

Hanesbrands Price Performance

Shares of NYSE:HBI opened at $8.12 on Thursday. Hanesbrands Inc. has a 1-year low of $5.65 and a 1-year high of $16.85. The company has a debt-to-equity ratio of 5.42, a current ratio of 1.71 and a quick ratio of 0.68. The business has a fifty day moving average price of $6.79 and a 200-day moving average price of $8.26. The company has a market capitalization of $2.83 billion, a PE ratio of 8.12 and a beta of 1.46.

Hanesbrands (NYSE:HBIGet Rating) last issued its quarterly earnings results on Wednesday, November 9th. The textile maker reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. Hanesbrands had a return on equity of 66.07% and a net margin of 5.39%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the company earned $0.53 earnings per share. The company’s revenue was down 6.6% on a year-over-year basis. As a group, equities analysts expect that Hanesbrands Inc. will post 0.98 EPS for the current fiscal year.

Hanesbrands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 13th. Investors of record on Tuesday, November 22nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, November 21st. This represents a $0.60 annualized dividend and a yield of 7.39%. Hanesbrands’s payout ratio is 60.00%.

About Hanesbrands

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Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children. The company operates through three segments: Innerwear, Activewear, and International. It sells men's underwear, women's panties, children's underwear, activewear, and socks, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, performance apparel, sport shirts, performance T-shirts and shorts, sports bras, teamwear, 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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