Deltec Asset Management buys $6,542,553 stake in Hanesbrands (HBI)

Hanesbrands (HBI) : Deltec Asset Management scooped up 73,000 additional shares in Hanesbrands during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 250,961 shares of Hanesbrands which is valued at $6,542,553.Hanesbrands makes up approximately 1.57% of Deltec Asset Management’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc reduced its stake in HBI by selling 1,297 shares or 3.23% in the most recent quarter. The Hedge Fund company now holds 38,816 shares of HBI which is valued at $1,011,933. Dorsey Wright Associates sold out all of its stake in HBI during the most recent quarter. The investment firm sold 51,969 shares of HBI which is valued $1,396,407. Palo Capital added HBI to its portfolio by purchasing 14,200 company shares during the most recent quarter which is valued at $381,554. Hanesbrands makes up approx 0.13% of Palo Capital’s portfolio.Anderson Hoagland Co reduced its stake in HBI by selling 102,635 shares or 86.41% in the most recent quarter. The Hedge Fund company now holds 16,145 shares of HBI which is valued at $436,238. Hanesbrands makes up approx 0.27% of Anderson Hoagland Co’s portfolio.Benjamin F. Edwards Company boosted its stake in HBI in the latest quarter, The investment management firm added 2,082 additional shares and now holds a total of 3,090 shares of Hanesbrands which is valued at $82,565. Hanesbrands makes up approx 0.02% of Benjamin F. Edwards Company’s portfolio.

Hanesbrands opened for trading at $25.68 and hit $26.7 on the upside on Friday, eventually ending the session at $26.66, with a gain of 3.94% or 1.01 points. The heightened volatility saw the trading volume jump to 48,01,120 shares. Company has a market cap of $10,065 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.

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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