Amalgamated Bank Sells 1,764 Shares of Hanesbrands Inc. (NYSE:HBI)

Amalgamated Bank cut its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 1.6% during the second quarter, Holdings Channel reports. The fund owned 107,544 shares of the textile maker’s stock after selling 1,764 shares during the period. Amalgamated Bank’s holdings in Hanesbrands were worth $530,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Hanesbrands by 12.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,749,433 shares of the textile maker’s stock valued at $25,642,000 after buying an additional 632,865 shares during the last quarter. Vanguard Group Inc. boosted its position in Hanesbrands by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker’s stock valued at $233,542,000 after buying an additional 1,362,140 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Hanesbrands in the 1st quarter valued at $1,093,000. Shell Asset Management Co. lifted its stake in shares of Hanesbrands by 127.0% in the 1st quarter. Shell Asset Management Co. now owns 20,417 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 11,423 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Hanesbrands by 212.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 409,468 shares of the textile maker’s stock valued at $2,375,000 after purchasing an additional 278,383 shares during the period. 80.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wedbush reissued a “neutral” rating and issued a $5.00 price target on shares of Hanesbrands in a research note on Thursday, June 6th. Barclays increased their price target on Hanesbrands from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Stifel Nicolaus increased their price target on Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a research note on Monday, August 12th. Finally, UBS Group increased their price target on Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, August 27th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.80.

Hanesbrands Stock Performance

Shares of Hanesbrands stock opened at $7.28 on Monday. The company has a market capitalization of $2.56 billion, a PE ratio of -121.33 and a beta of 1.57. Hanesbrands Inc. has a 12 month low of $3.55 and a 12 month high of $7.31. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 50.06. The stock’s fifty day simple moving average is $6.24 and its 200 day simple moving average is $5.43.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, August 8th. The textile maker reported $0.15 earnings per share (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 firm had revenue of $995.40 million for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the business posted ($0.01) EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, research analysts predict that Hanesbrands Inc. will post 0.35 EPS for the current year.

Hanesbrands 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.