Buckingham Capital Management Inc buys $26,780,668 stake in Hanesbrands (HBI)

Hanesbrands (HBI) : Buckingham Capital Management Inc scooped up 49,331 additional shares in Hanesbrands during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 987,852 shares of Hanesbrands which is valued at $26,780,668.Hanesbrands makes up approximately 1.45% of Buckingham Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Tower Research Capital (trc) boosted its stake in HBI in the latest quarter, The investment management firm added 11,592 additional shares and now holds a total of 16,205 shares of Hanesbrands which is valued at $439,318. Hanesbrands makes up approx 0.04% of Tower Research Capital (trc)’s portfolio. Airain Ltd sold out all of its stake in HBI during the most recent quarter. The investment firm sold 87,755 shares of HBI which is valued $2,230,732.Intrust Bank Na reduced its stake in HBI by selling 46,950 shares or 56.06% in the most recent quarter. The Hedge Fund company now holds 36,807 shares of HBI which is valued at $920,543. Hanesbrands makes up approx 0.36% of Intrust Bank Na’s portfolio.Spot Trading L.l.c reduced its stake in HBI by selling 3,684 shares or 42.33% in the most recent quarter. The Hedge Fund company now holds 5,020 shares of HBI which is valued at $125,550. Hanesbrands makes up approx 0.02% of Spot Trading L.l.c’s portfolio. Lmr Partners Llp sold out all of its stake in HBI during the most recent quarter. The investment firm sold 21,773 shares of HBI which is valued $580,468.

Hanesbrands opened for trading at $27.02 and hit $27.96 on the upside on Friday, eventually ending the session at $27.9, with a gain of 2.91% or 0.79 points. The heightened volatility saw the trading volume jump to 56,86,173 shares. Company has a market cap of $10,541 M.

On the company’s financial health, Hanesbrands reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.52. The company had revenue of $1470.00 million for the quarter, compared to analysts expectations of $1530.65 million. The company’s revenue was down -3.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.50 EPS.

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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