Park National Corp OH Sells 1,605 Shares of Hanesbrands Inc. (NYSE:HBI)

Park National Corp OH decreased its position in Hanesbrands Inc. (NYSE:HBI) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,473 shares of the textile maker’s stock after selling 1,605 shares during the period. Park National Corp OH’s holdings in Hanesbrands were worth $590,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of HBI. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Hanesbrands during the fourth quarter worth approximately $264,000. Kentucky Retirement Systems bought a new position in shares of Hanesbrands during the fourth quarter worth approximately $592,000. Teachers Advisors LLC increased its position in shares of Hanesbrands by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 889,181 shares of the textile maker’s stock worth $19,180,000 after buying an additional 28,296 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of Hanesbrands by 941.7% in the fourth quarter. Quadrature Capital Ltd now owns 526,870 shares of the textile maker’s stock worth $11,370,000 after buying an additional 476,291 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Hanesbrands during the fourth quarter worth approximately $67,992,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Shares of Hanesbrands Inc. (NYSE:HBI) opened at 23.27 on Friday. The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 16.80 and a beta of 0.74. The stock has a 50 day moving average price of $22.87 and a 200 day moving average price of $21.58. Hanesbrands Inc. has a one year low of $18.91 and a one year high of $28.24. Hanesbrands also was the recipient of some unusual options trading on Wednesday. Stock traders acquired 22,638 put options on the company. This is an increase of 1,310% compared to the average daily volume of 1,605 put options.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Tuesday, May 2nd. The textile maker reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. Hanesbrands had a return on equity of 65.05% and a net margin of 8.56%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. On average, equities research analysts forecast that Hanesbrands Inc. will post $1.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 2.58%. Hanesbrands’s dividend payout ratio is 43.17%.

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A number of research analysts recently commented on the company. BidaskClub upgraded Hanesbrands from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research downgraded Hanesbrands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. ValuEngine upgraded Hanesbrands from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Credit Suisse Group set a $28.00 price objective on Hanesbrands and gave the stock a “buy” rating in a research note on Thursday. Finally, Buckingham Research restated a “buy” rating and set a $30.00 price objective on shares of Hanesbrands in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $27.74.

In other news, insider John T. Marsh sold 11,100 shares of Hanesbrands stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $22.57, for a total value of $250,527.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider W Howard Upchurch, Jr. sold 55,850 shares of Hanesbrands stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $22.90, for a total value of $1,278,965.00. Following the completion of the sale, the insider now directly owns 579,663 shares of the company’s stock, valued at $13,274,282.70. The disclosure for this sale can be found here. Insiders have sold a total of 152,438 shares of company stock valued at $3,450,467 over the last ninety days. Insiders own 1.10% of the company’s stock.

Hanesbrands Company Profile

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.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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