Concourse Capital Management adds Hanesbrands (HBI) to its portfolio

Hanesbrands (HBI) : Concourse Capital Management added new position in Hanesbrands during the most recent quarter end. The investment management firm now holds 93,127 shares of Hanesbrands which is valued at $2,329,106 , the company said in a statement filed on Aug 2, 2016 with the SEC.Hanesbrands makes up approximately 1.42% of Concourse Capital Management’s portfolio.

Other Hedge Funds, Including , 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.Eagle Asset Management Inc reduced its stake in HBI by selling 70,084 shares or 32.75% in the most recent quarter. The Hedge Fund company now holds 143,935 shares of HBI which is valued at $3,889,124. Hanesbrands makes up approx 0.03% of Eagle Asset Management Inc’s portfolio.Burns J W Co Incny boosted its stake in HBI in the latest quarter, The investment management firm added 1,817 additional shares and now holds a total of 84,309 shares of Hanesbrands which is valued at $2,235,875. Hanesbrands makes up approx 0.66% of Burns J W Co Incny’s portfolio.Nisa Investment Advisors boosted its stake in HBI in the latest quarter, The investment management firm added 8,625 additional shares and now holds a total of 48,805 shares of Hanesbrands which is valued at $1,294,309. Hanesbrands makes up approx 0.02% of Nisa Investment Advisors’s portfolio.

Hanesbrands opened for trading at $25.65 and hit $25.99 on the upside on Monday, eventually ending the session at $25.54, with a gain of 0.47% or 0.12 points. The heightened volatility saw the trading volume jump to 48,56,676 shares. Company has a market cap of $9,649 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.

Investors should note that on Jul 26, 2016, Hanesbrands announced a cash dividend of $0.1100. The company’s management has announced Aug 12, 2016 as the ex-dividend date and fixed the record date on Aug 16, 2016. The payable date has been fixed on Sep 7, 2016.

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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