Fishman Jay A Ltdmi buys $7,826,350 stake in Hanesbrands (HBI)

Hanesbrands (HBI) : Fishman Jay A Ltdmi scooped up 9,250 additional shares in Hanesbrands during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 306,435 shares of Hanesbrands which is valued at $7,826,350.Hanesbrands makes up approximately 1.84% of Fishman Jay A Ltdmi’s portfolio.

Other Hedge Funds, Including , Affinity Investment Advisors reduced its stake in HBI by selling 66,126 shares or 10.09% in the most recent quarter. The Hedge Fund company now holds 589,494 shares of HBI which is valued at $16,069,606. Hanesbrands makes up approx 1.15% of Affinity Investment Advisors’s portfolio. Forsta Ap-fonden added HBI to its portfolio by purchasing 2,417,531 company shares during the most recent quarter which is valued at $65,901,895. Hanesbrands makes up approx 1.86% of Forsta Ap-fonden’s portfolio.Ibm Retirement Fund reduced its stake in HBI by selling 2,702 shares or 5.7% in the most recent quarter. The Hedge Fund company now holds 44,677 shares of HBI which is valued at $1,200,471. Hanesbrands makes up approx 0.04% of Ibm Retirement Fund’s portfolio.Ami Asset Management Corp boosted its stake in HBI in the latest quarter, The investment management firm added 11,674 additional shares and now holds a total of 1,005,282 shares of Hanesbrands which is valued at $27,011,927. Hanesbrands makes up approx 1.80% of Ami Asset Management Corp’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 $27.16 and hit $27.38 on the upside on Wednesday, eventually ending the session at $27.32, with a gain of 0.59% or 0.16 points. The heightened volatility saw the trading volume jump to 39,17,037 shares. Company has a market cap of $10,321 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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