Hanesbrands Inc. (NYSE:HBI) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its stake in Hanesbrands Inc. (NYSE:HBI) by 12.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,005 shares of the textile maker’s stock after selling 14,025 shares during the period. International Assets Investment Management LLC’s holdings in Hanesbrands were worth $551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HBI. Sherbrooke Park Advisers LLC acquired a new stake in Hanesbrands during the 3rd quarter valued at approximately $42,000. AXQ Capital LP acquired a new stake in Hanesbrands during the 3rd quarter valued at approximately $43,000. Alhambra Investment Management LLC acquired a new stake in Hanesbrands during the 4th quarter valued at approximately $46,000. First Trust Direct Indexing L.P. acquired a new stake in Hanesbrands during the 4th quarter valued at approximately $48,000. Finally, Focus Financial Network Inc. ADV acquired a new stake in Hanesbrands during the 4th quarter valued at approximately $51,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Trading Up 6.4 %

Shares of NYSE HBI opened at $4.96 on Monday. The firm has a fifty day moving average of $4.86 and a 200 day moving average of $4.76. The company has a debt-to-equity ratio of 9.57, a current ratio of 1.59 and a quick ratio of 0.62. Hanesbrands Inc. has a one year low of $3.54 and a one year high of $5.86.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, May 9th. The textile maker reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. Hanesbrands had a negative net margin of 0.42% and a positive return on equity of 9.84%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the firm earned ($0.06) EPS. The firm’s revenue was down 16.8% compared to the same quarter last year. As a group, analysts forecast that Hanesbrands Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup lifted their price objective on shares of Hanesbrands from $4.50 to $5.50 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Barclays lifted their target price on shares of Hanesbrands from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Finally, Wedbush reaffirmed a “neutral” rating and set a $5.00 target price on shares of Hanesbrands in a report on Thursday, June 6th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.00.

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.