At Bancorp buys $3,881,951 stake in Hanesbrands (HBI)

Hanesbrands (HBI) : At Bancorp scooped up 2,716 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 157,164 shares of Hanesbrands which is valued at $3,881,951.Hanesbrands makes up approximately 0.54% of At Bancorp’s portfolio.

Other Hedge Funds, Including , Highland Capital Management boosted its stake in HBI in the latest quarter, The investment management firm added 14,503 additional shares and now holds a total of 62,521 shares of Hanesbrands which is valued at $1,544,269. Hanesbrands makes up approx 0.13% of Highland Capital Management’s portfolio.Advisory Services Network reduced its stake in HBI by selling 1,037 shares or 29.88% in the most recent quarter. The Hedge Fund company now holds 2,433 shares of HBI which is valued at $61,555. Hanesbrands makes up approx 0.01% of Advisory Services Network’s portfolio.Central Bank Trust Co reduced its stake in HBI by selling 91,303 shares or 87.75% in the most recent quarter. The Hedge Fund company now holds 12,751 shares of HBI which is valued at $322,600. Hanesbrands makes up approx 0.09% of Central Bank Trust Co’s portfolio. North Star Asset Management Inc added HBI to its portfolio by purchasing 157,043 company shares during the most recent quarter which is valued at $4,006,167. Hanesbrands makes up approx 0.45% of North Star Asset Management Inc’s portfolio.Beacon Financial Group boosted its stake in HBI in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 60,544 shares of Hanesbrands which is valued at $1,544,477. Hanesbrands makes up approx 0.33% of Beacon Financial Group’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.

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