Hanesbrands Inc. (HBI) Position Raised by Check Capital Management Inc. CA

Check Capital Management Inc. CA increased its position in shares of Hanesbrands Inc. (NYSE:HBI) by 61.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,242,375 shares of the textile maker’s stock after buying an additional 856,541 shares during the period. Hanesbrands comprises about 3.2% of Check Capital Management Inc. CA’s portfolio, making the stock its 8th largest position. Check Capital Management Inc. CA owned approximately 0.59% of Hanesbrands worth $46,552,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HBI. Chieftain Capital Management Inc. boosted its position in Hanesbrands by 53.4% in the fourth quarter. Chieftain Capital Management Inc. now owns 19,280,352 shares of the textile maker’s stock worth $415,877,000 after buying an additional 6,714,618 shares during the last quarter. State Street Corp boosted its position in Hanesbrands by 4.3% in the fourth quarter. State Street Corp now owns 15,043,919 shares of the textile maker’s stock worth $324,497,000 after buying an additional 614,493 shares during the last quarter. FMR LLC boosted its position in Hanesbrands by 64.8% in the fourth quarter. FMR LLC now owns 14,085,031 shares of the textile maker’s stock worth $303,814,000 after buying an additional 5,538,124 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in Hanesbrands by 2.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 9,853,080 shares of the textile maker’s stock worth $204,550,000 after buying an additional 252,882 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in Hanesbrands by 16.1% in the fourth quarter. William Blair Investment Management LLC now owns 5,808,990 shares of the textile maker’s stock worth $125,300,000 after buying an additional 806,626 shares during the last quarter. 96.30% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Tuesday, May 2nd. The textile maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. Hanesbrands had a return on equity of 64.51% and a net margin of 8.95%.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Tuesday, May 16th will be given a $0.15 dividend. The ex-dividend date is Friday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.95%. Hanesbrands’s dividend payout ratio (DPR) is presently 42.55%.

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HBI has been the topic of a number of analyst reports. Credit Suisse Group AG reaffirmed a “focus list” rating on shares of Hanesbrands in a research report on Tuesday, February 7th. FBR & Co set a $33.00 price objective on Hanesbrands and gave the company a “buy” rating in a research report on Tuesday, February 14th. Oppenheimer Holdings Inc. set a $32.00 price objective on Hanesbrands and gave the company a “buy” rating in a research report on Thursday, March 2nd. Stifel Nicolaus lowered their price objective on Hanesbrands from $26.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, February 3rd. Finally, Zacks Investment Research raised Hanesbrands from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $28.58.

In other news, CEO Gerald Evans sold 42,109 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $21.74, for a total value of $915,449.66. Following the transaction, the chief executive officer now owns 1,061,098 shares in the company, valued at $23,068,270.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald L. Nelson bought 5,000 shares of the firm’s stock in a transaction dated Friday, March 10th. The stock was purchased at an average price of $19.92 per share, for a total transaction of $99,600.00. Following the transaction, the director now owns 105,652 shares of the company’s stock, valued at $2,104,587.84. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

About Hanesbrands

Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.

5 Day Chart for NYSE:HBI

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