Fic Capital Inc buys $4.7 Million stake in Hanesbrands (HBI)

Hanesbrands (HBI) : Fic Capital Inc scooped up 5,045 additional shares in Hanesbrands during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 173,915 shares of Hanesbrands which is valued at $4.7 Million.Hanesbrands makes up approximately 2.33% of Fic Capital Inc’s portfolio.

Other Hedge Funds, Including , Ngam Advisors reduced its stake in HBI by selling 19,943 shares or 17.69% in the most recent quarter. The Hedge Fund company now holds 92,799 shares of HBI which is valued at $2.6 Million. Hanesbrands makes up approx 0.04% of Ngam Advisors’s portfolio.New York State Common Retirement Fund reduced its stake in HBI by selling 26,423 shares or 1.97% in the most recent quarter. The Hedge Fund company now holds 1,312,517 shares of HBI which is valued at $36.3 Million. Hanesbrands makes up approx 0.06% of New York State Common Retirement Fund’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in HBI in the latest quarter, The investment management firm added 55,446 additional shares and now holds a total of 108,766 shares of Hanesbrands which is valued at $3 Million. Hanesbrands makes up approx 0.08% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

Hanesbrands opened for trading at $27.09 and hit $27.605 on the upside on Friday, eventually ending the session at $27.52, with a gain of 1.96% or 0.53 points. The heightened volatility saw the trading volume jump to 28,74,500 shares. Company has a market cap of $10,389 M.

On the company’s financial health, Hanesbrands reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.22. The company had revenue of $1219.10 million for the quarter, compared to analysts expectations of $1211.98 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 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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