AT Bancorp Purchases Shares of 38,359 Hanesbrands Inc. (HBI)
AT Bancorp purchased a new position in shares of Hanesbrands Inc. (NYSE:HBI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 38,359 shares of the company’s stock, valued at approximately $1,129,000.
Other large investors also recently bought and sold shares of the company. Anderson Hoagland & Co. bought a new stake in Hanesbrands during the fourth quarter worth $1,995,000. Woodstock raised its position in shares of Hanesbrands by 1.6% in the fourth quarter. Woodstock now owns 229,803 shares of the company’s stock worth $6,763,000 after buying an additional 3,658 shares during the period. Bank of The West raised its position in shares of Hanesbrands by 34.3% in the fourth quarter. Bank of The West now owns 172,587 shares of the company’s stock worth $5,079,000 after buying an additional 44,091 shares during the period. Park National raised its position in shares of Hanesbrands by 2.5% in the fourth quarter. Park National now owns 26,006 shares of the company’s stock worth $765,000 after buying an additional 629 shares during the period. Finally, British Columbia Investment Management Corp raised its position in shares of Hanesbrands by 57.6% in the fourth quarter. British Columbia Investment Management Corp now owns 292,925 shares of the company’s stock worth $8,621,000 after buying an additional 107,091 shares during the period.
Hanesbrands Inc. (NYSE:HBI) traded down 0.69% during midday trading on Monday, hitting $30.36. The stock had a trading volume of 91,328 shares. The firm has a 50 day moving average of $29.44 and a 200 day moving average of $30.19. The firm has a market cap of $11.90 billion and a price-to-earnings ratio of 30.92. Hanesbrands Inc. has a 52 week low of $25.92 and a 52 week high of $34.80.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 8th. Stockholders of record on Tuesday, February 16th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, February 11th. This is a boost from Hanesbrands’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.44%.
Several research analysts have issued reports on the stock. Goldman Sachs lowered their price target on shares of Hanesbrands from $42.00 to $41.00 in a report on Thursday, January 21st. Brean Capital assumed coverage on shares of Hanesbrands in a report on Thursday, October 15th. They set a “buy” rating and a $36.00 price target for the company. Nomura upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and raised their price target for the stock from $30.00 to $35.00 in a report on Monday, January 11th. Northland Securities upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating in a report on Monday, January 11th. Finally, Zacks Investment Research upgraded shares of Hanesbrands from a “sell” rating to a “hold” rating in a report on Tuesday, October 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $37.58.
In other news, CEO Richard A. Noll sold 100,000 shares of the stock in a transaction on Monday, December 21st. The stock was sold at an average price of $28.81, for a total value of $2,881,000.00. Following the sale, the chief executive officer now directly owns 855,769 shares of the company’s stock, valued at $24,654,704.89. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Richard A. Noll sold 141,460 shares of the stock in a transaction on Tuesday, January 5th. The stock was sold at an average price of $29.58, for a total value of $4,184,386.80. Following the completion of the sale, the chief executive officer now directly owns 714,309 shares in the company, valued at $21,129,260.22. The disclosure for this sale can be found here.
Hanesbrands Inc. is a manufacturer and marketer of apparel. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s innerwear and activewear apparel brands include Hanes, Champion, Bali, Playtex, Maidenform, JMS/Just My Size, L’eggs, Flexees, barely there, Wonderbra, Gear for Sports and Lilyette. Its international brands also include DIM, Nur Die/Nur Der, Zorba, Rinbros and Shock Absorber, among others. The Company’s Innerwear segment focuses on apparel products, such as intimate apparel, men’s underwear, children’s underwear and socks. In the activewear market, it sells products, such as T-shirts and fleece to both retailers and wholesalers. Its Direct to Consumer operations include its domestic Company-operated outlet stores, catalogs and Website operations that sell its branded products to consumers in the United States. The Company’s international markets are Europe, Canada, Japan, Mexico, Brazil and Australia.
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