Moors & Cabot Inc. trimmed its holdings in Hanesbrands Inc. (NYSE:HBI – Free Report) by 5.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,976 shares of the textile maker’s stock after selling 2,673 shares during the quarter. Moors & Cabot Inc.’s holdings in Hanesbrands were worth $218,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its holdings in Hanesbrands by 41.9% in the first quarter. Canada Pension Plan Investment Board now owns 5,010 shares of the textile maker’s stock valued at $74,000 after acquiring an additional 1,480 shares during the period. Franklin Resources Inc. increased its position in shares of Hanesbrands by 8.0% in the second quarter. Franklin Resources Inc. now owns 21,973 shares of the textile maker’s stock valued at $226,000 after buying an additional 1,629 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Hanesbrands by 0.4% in the fourth quarter. Alliancebernstein L.P. now owns 477,420 shares of the textile maker’s stock valued at $3,036,000 after buying an additional 2,048 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Hanesbrands by 39.1% in the second quarter. Fifth Third Bancorp now owns 7,690 shares of the textile maker’s stock valued at $35,000 after buying an additional 2,163 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in shares of Hanesbrands by 63.2% in the fourth quarter. Harbour Investments Inc. now owns 6,020 shares of the textile maker’s stock valued at $38,000 after buying an additional 2,332 shares in the last quarter. 87.64% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently commented on HBI shares. StockNews.com upgraded Hanesbrands from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Wedbush reiterated a “neutral” rating and set a $5.50 price target on shares of Hanesbrands in a research report on Tuesday, August 8th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.75.
Hanesbrands Stock Down 2.4 %
Shares of NYSE:HBI opened at $4.00 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 1.57 and a debt-to-equity ratio of 12.08. The business has a fifty day moving average of $4.17 and a two-hundred day moving average of $4.53. The stock has a market cap of $1.40 billion, a P/E ratio of -2.74 and a beta of 1.71. Hanesbrands Inc. has a 52-week low of $3.54 and a 52-week high of $8.80.
Hanesbrands (NYSE:HBI – Get Free Report) last issued its earnings results on Thursday, November 9th. The textile maker reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Hanesbrands had a negative net margin of 8.84% and a positive return on equity of 9.62%. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 earnings per share. On average, research analysts expect that Hanesbrands Inc. will post 0.12 earnings per share for the current year.
Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children. The company operates through three segments: Innerwear, Activewear, and International. It sells men's underwear, women's panties, children's underwear and socks, and activewear, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, performance apparel, sport shirts, performance T-shirts and shorts, sports bras, teamwear, and thermals, as well as licensed logo apparel in collegiate bookstores and mass retail channels.
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