Captrust Financial Advisors Sells 40,096 Shares of Hanesbrands Inc. (NYSE:HBI)

Captrust Financial Advisors trimmed its position in Hanesbrands Inc. (NYSE:HBI) by 60.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,372 shares of the textile maker’s stock after selling 40,096 shares during the quarter. Captrust Financial Advisors’ holdings in Hanesbrands were worth $194,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Loews Corp boosted its position in Hanesbrands by 108.7% in the second quarter. Loews Corp now owns 29,197,796 shares of the textile maker’s stock valued at $143,945,000 after buying an additional 15,206,007 shares in the last quarter. Cooke & Bieler LP boosted its position in Hanesbrands by 2.1% in the second quarter. Cooke & Bieler LP now owns 16,329,763 shares of the textile maker’s stock valued at $80,506,000 after buying an additional 342,056 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Hanesbrands by 18.2% in the second quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker’s stock valued at $32,836,000 after buying an additional 1,024,308 shares in the last quarter. Brandes Investment Partners LP boosted its position in Hanesbrands by 3.9% in the second quarter. Brandes Investment Partners LP now owns 4,834,202 shares of the textile maker’s stock valued at $23,761,000 after buying an additional 183,069 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Hanesbrands by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,382,574 shares of the textile maker’s stock valued at $32,212,000 after buying an additional 11,074 shares in the last quarter. 80.31% of the stock is owned by institutional investors.

Hanesbrands Price Performance

Shares of NYSE:HBI opened at $8.54 on Tuesday. The firm has a market cap of $3.01 billion, a PE ratio of -12.93 and a beta of 1.64. The firm’s fifty day moving average is $7.89 and its 200-day moving average is $6.55. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49. Hanesbrands Inc. has a 52 week low of $3.88 and a 52 week high of $9.10.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $937.10 million for the quarter, compared to analyst estimates of $936.47 million. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. Hanesbrands’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 earnings per share. Sell-side analysts predict that Hanesbrands Inc. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

HBI has been the topic of a number of research analyst reports. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and raised their target price for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Barclays raised their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.90.

Hanesbrands Company Profile

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.