Signaturefd LLC lifted its position in Hanesbrands Inc. (NYSE:HBI – Get Rating) by 26.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,972 shares of the textile maker’s stock after acquiring an additional 18,137 shares during the quarter. Signaturefd LLC’s holdings in Hanesbrands were worth $547,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Albert D Mason Inc. lifted its holdings in shares of Hanesbrands by 6.5% in the 4th quarter. Albert D Mason Inc. now owns 21,245 shares of the textile maker’s stock worth $135,000 after acquiring an additional 1,300 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of Hanesbrands by 2.1% in the 4th quarter. Stephens Inc. AR now owns 67,701 shares of the textile maker’s stock worth $431,000 after acquiring an additional 1,383 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of Hanesbrands by 9.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 16,362 shares of the textile maker’s stock worth $114,000 after acquiring an additional 1,395 shares during the last quarter. Boenning & Scattergood Inc. lifted its holdings in shares of Hanesbrands by 3.0% in the 4th quarter. Boenning & Scattergood Inc. now owns 50,144 shares of the textile maker’s stock worth $747,000 after acquiring an additional 1,480 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Hanesbrands by 41.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 5,010 shares of the textile maker’s stock worth $74,000 after buying an additional 1,480 shares during the period. Institutional investors own 81.87% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently commented on HBI shares. Barclays raised their price target on shares of Hanesbrands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, January 13th. TheStreet downgraded shares of Hanesbrands from a “c” rating to a “d+” rating in a research note on Thursday, February 2nd. Citigroup reduced their price target on shares of Hanesbrands from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Friday, February 3rd. Credit Suisse Group reduced their price target on shares of Hanesbrands from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, February 3rd. Finally, UBS Group reduced their price target on shares of Hanesbrands from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.30.
Hanesbrands Trading Down 1.8 %
Hanesbrands (NYSE:HBI – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The textile maker reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Hanesbrands had a negative net margin of 2.04% and a positive return on equity of 53.41%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the business posted $0.44 earnings per share. The firm’s quarterly revenue was down 15.9% on a year-over-year basis. Equities analysts forecast that Hanesbrands Inc. will post 0.35 EPS for the current fiscal year.
About Hanesbrands
Hanesbrands, Inc engages in the business of designing, manufacturing, sourcing, and selling basic apparel such as T-shirts, bras, panties, shape wear, underwear, socks, and activewear. It operates through the following segments: Innerwear, Activewear, and International. The Innerwear segment includes basic apparel including men’s underwear, women’s panties, children’s underwear, and socks, and intimate apparel such as bras, and shape wear.
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