Stephens Inc. AR Sells 6,172 Shares of Hanesbrands Inc. (NYSE:HBI)

Stephens Inc. AR lessened its holdings in Hanesbrands Inc. (NYSE:HBI) by 14.8% during the third quarter, HoldingsChannel.com reports. The fund owned 35,583 shares of the textile maker’s stock after selling 6,172 shares during the period. Stephens Inc. AR’s holdings in Hanesbrands were worth $262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HBI. Rothschild Investment LLC bought a new position in Hanesbrands in the second quarter valued at about $39,000. Blue Trust Inc. grew its position in Hanesbrands by 42.3% in the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 1,594 shares during the last quarter. Intech Investment Management LLC bought a new position in Hanesbrands in the second quarter valued at about $51,000. Whittier Trust Co. bought a new position in Hanesbrands in the third quarter valued at about $51,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in Hanesbrands in the second quarter valued at about $55,000. Institutional investors own 80.31% of the company’s stock.

Analysts Set New Price Targets

HBI has been the topic of several research reports. Stifel Nicolaus boosted their price target on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a report on Monday, August 12th. Barclays boosted their price target on Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, UBS Group boosted their price target on Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, August 27th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hanesbrands has a consensus rating of “Hold” and an average price target of $5.80.

Hanesbrands Stock Performance

Shares of HBI stock opened at $8.38 on Friday. The business’s 50 day simple moving average is $6.98 and its 200 day simple moving average is $5.84. Hanesbrands Inc. has a one year low of $3.58 and a one year high of $8.70. The stock has a market capitalization of $2.95 billion, a PE ratio of -9.86 and a beta of 1.58. The company has a debt-to-equity ratio of 50.06, a current ratio of 1.46 and a quick ratio of 0.86.

Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, August 8th. The textile maker reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. The business had revenue of $995.40 million for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the business posted ($0.01) earnings per share. The firm’s revenue was down 3.8% on a year-over-year basis. As a group, research analysts forecast that Hanesbrands Inc. will post 0.34 earnings per share for the current year.

About Hanesbrands

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of range of innerwear apparels for men, women, and children in the Americas, Europe, the Asia pacific, and internationally. The company operates through three segments: Innerwear, Activewear, and International.