Amica Retiree Medical Trust buys $200,930 stake in Hanesbrands (HBI)

Hanesbrands (HBI) : Amica Retiree Medical Trust scooped up 4,770 additional shares in Hanesbrands during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 8,034 shares of Hanesbrands which is valued at $200,930.Hanesbrands makes up approximately 0.17% of Amica Retiree Medical Trust’s portfolio.

Other Hedge Funds, Including , Royal London Asset Management Ltd reduced its stake in HBI by selling 6,128 shares or 4.33% in the most recent quarter. The Hedge Fund company now holds 135,518 shares of HBI which is valued at $3,389,305. Hanesbrands makes up approx 0.05% of Royal London Asset Management Ltd’s portfolio.Herndon Capital Management reduced its stake in HBI by selling 9,224 shares or 37.05% in the most recent quarter. The Hedge Fund company now holds 15,673 shares of HBI which is valued at $417,842. Hanesbrands makes up approx 0.02% of Herndon Capital Management’s portfolio. Jfs Wealth Advisors sold out all of its stake in HBI during the most recent quarter. The investment firm sold 144 shares of HBI which is valued $3,754.Fox Run Management L.l.c. boosted its stake in HBI in the latest quarter, The investment management firm added 4,700 additional shares and now holds a total of 22,600 shares of Hanesbrands which is valued at $610,652. Hanesbrands makes up approx 0.28% of Fox Run Management L.l.c.’s portfolio. Cutler Group Lp added HBI to its portfolio by purchasing 1,748 company shares during the most recent quarter which is valued at $46,707.

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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