Scopus Asset Management L.P. Takes Position in Hanesbrands Inc. (HBI)

Scopus Asset Management L.P. acquired a new stake in Hanesbrands Inc. (NYSE:HBI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,990,884 shares of the company’s stock, valued at approximately $100,770,000. Hanesbrands accounts for 1.7% of Scopus Asset Management L.P.’s portfolio, making the stock its 13th largest position. Scopus Asset Management L.P. owned about 1.06% of Hanesbrands as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tealwood Asset Management Inc. raised its position in Hanesbrands by 2.6% in the second quarter. Tealwood Asset Management Inc. now owns 48,052 shares of the company’s stock valued at $1,208,000 after buying an additional 1,207 shares during the last quarter. Rock Point Advisors LLC purchased a new position in Hanesbrands during the second quarter valued at $2,982,000. Sumitomo Mitsui Asset Management Company LTD raised its position in Hanesbrands by 2.2% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 30,863 shares of the company’s stock valued at $775,000 after buying an additional 673 shares during the last quarter. Bbva Compass Bancshares Inc. purchased a new position in Hanesbrands during the second quarter valued at $689,000. Finally, Thompson Investment Management Inc. raised its position in Hanesbrands by 2.6% in the second quarter. Thompson Investment Management Inc. now owns 48,185 shares of the company’s stock valued at $1,211,000 after buying an additional 1,225 shares during the last quarter. 95.89% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

Shares of Hanesbrands Inc. (NYSE:HBI) opened at 20.85 on Friday. The stock has a 50 day moving average of $21.97 and a 200-day moving average of $24.36. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 14.83 and a beta of 0.90. Hanesbrands Inc. has a 12 month low of $18.91 and a 12 month high of $30.42.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, February 2nd. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.70 billion. Hanesbrands had a net margin of 8.95% and a return on equity of 64.51%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 EPS. On average, analysts forecast that Hanesbrands Inc. will post $1.97 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 7th. Shareholders of record on Tuesday, February 14th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, February 10th. This is an increase from Hanesbrands’s previous quarterly dividend of $0.11. Hanesbrands’s dividend payout ratio is currently 31.21%.

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HBI has been the topic of several recent analyst reports. Oppenheimer Holdings, Inc. set a $35.00 price objective on shares of Hanesbrands and gave the stock a “buy” rating in a research note on Thursday, October 27th. FBR & Co set a $39.00 price target on shares of Hanesbrands and gave the company a “buy” rating in a research note on Sunday, October 30th. Zacks Investment Research raised shares of Hanesbrands from a “sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. CL King raised shares of Hanesbrands from a “neutral” rating to a “buy” rating in a research note on Monday, December 12th. Finally, DA Davidson raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Monday, December 12th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.54.

In other Hanesbrands news, Director Jessica Tuchman Mathews sold 5,433 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $24.52, for a total transaction of $133,217.16. Following the completion of the sale, the director now owns 127,839 shares of the company’s stock, valued at approximately $3,134,612.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

About Hanesbrands

Hanesbrands Inc is a manufacturer and marketer of apparels. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports.

5 Day Chart for NYSE:HBI

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