MERIAN GLOBAL INVESTORS UK Ltd Invests $800,000 in Hanesbrands Inc. (HBI)

MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in Hanesbrands Inc. (NYSE:HBI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 63,900 shares of the textile maker’s stock, valued at approximately $800,000.

Other institutional investors have also recently modified their holdings of the company. Strs Ohio boosted its position in Hanesbrands by 18.0% during the 3rd quarter. Strs Ohio now owns 654,489 shares of the textile maker’s stock worth $12,062,000 after acquiring an additional 100,000 shares during the period. Truvestments Capital LLC acquired a new stake in Hanesbrands during the 3rd quarter worth about $129,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Hanesbrands during the 3rd quarter worth about $1,398,000. First Capital Advisors Group LLC. acquired a new stake in Hanesbrands during the 3rd quarter worth about $185,000. Finally, Wealth Advisors of Tampa Bay LLC boosted its position in Hanesbrands by 41.8% during the 3rd quarter. Wealth Advisors of Tampa Bay LLC now owns 192,175 shares of the textile maker’s stock worth $3,542,000 after acquiring an additional 56,605 shares during the period. 96.50% of the stock is owned by institutional investors and hedge funds.

Shares of HBI stock traded down $0.12 during trading on Friday, reaching $17.63. The company had a trading volume of 7,950,092 shares, compared to its average volume of 6,213,833. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.72 and a current ratio of 1.73. Hanesbrands Inc. has a one year low of $11.57 and a one year high of $22.57. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 1.01 and a beta of 0.95.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, February 7th. The textile maker reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. Hanesbrands had a return on equity of 76.43% and a net margin of 8.13%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the business earned $0.52 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. On average, analysts forecast that Hanesbrands Inc. will post 1.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 19th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Friday, February 15th. Hanesbrands’s payout ratio is 35.09%.

HBI has been the subject of a number of research reports. Wells Fargo & Co decreased their price objective on Hanesbrands from $18.00 to $14.00 and set a “market perform” rating for the company in a research report on Wednesday, January 2nd. Deutsche Bank lowered Hanesbrands from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $24.00 to $16.00 in a research report on Friday, January 11th. Zacks Investment Research lowered Hanesbrands from a “hold” rating to a “sell” rating in a research report on Monday, January 28th. Barclays set a $16.00 price target on Hanesbrands and gave the company a “hold” rating in a report on Friday, January 11th. Finally, Citigroup lifted their price target on Hanesbrands from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, December 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Hanesbrands currently has an average rating of “Hold” and an average target price of $20.53.

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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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