Harbour Capital Advisors buys $883,519 stake in Hanesbrands (HBI)

Hanesbrands (HBI) : Harbour Capital Advisors scooped up 5,490 additional shares in Hanesbrands during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 35,770 shares of Hanesbrands which is valued at $883,519.Hanesbrands makes up approximately 0.48% of Harbour Capital Advisors’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in HBI in the latest quarter, The investment management firm added 836 additional shares and now holds a total of 5,235 shares of Hanesbrands which is valued at $129,305.Nisa Investment Advisors reduced its stake in HBI by selling 8,625 shares or 17.67% in the most recent quarter. The Hedge Fund company now holds 40,180 shares of HBI which is valued at $1,041,064. Hanesbrands makes up approx 0.01% of Nisa Investment Advisors’s portfolio.British Columbia Investment Management Corp reduced its stake in HBI by selling 19,266 shares or 10.95% in the most recent quarter. The Hedge Fund company now holds 156,712 shares of HBI which is valued at $4,060,408. Hanesbrands makes up approx 0.04% of British Columbia Investment Management Corp’s portfolio.Legal General Group Plc boosted its stake in HBI in the latest quarter, The investment management firm added 11,852 additional shares and now holds a total of 1,601,689 shares of Hanesbrands which is valued at $41,499,762. Hanesbrands makes up approx 0.04% of Legal General Group Plc’s portfolio.Independent Portfolio Consultants boosted its stake in HBI in the latest quarter, The investment management firm added 12,420 additional shares and now holds a total of 64,350 shares of Hanesbrands which is valued at $1,641,569. Hanesbrands makes up approx 0.52% of Independent Portfolio Consultants’s portfolio.

Hanesbrands opened for trading at $25.63 and hit $25.93 on the upside on Tuesday, eventually ending the session at $25.91, with a gain of 1.09% or 0.28 points. The heightened volatility saw the trading volume jump to 44,66,707 shares. Company has a market cap of $9,789 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.

Leave a Reply

Hanesbrands - Is it time to Sell?

Top Brokerage Firms are advising their investors on Hanesbrands. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.