Private Advisor Group LLC Has $107,000 Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Private Advisor Group LLC lessened its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 9.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 14,597 shares of the textile maker’s stock after selling 1,551 shares during the quarter. Private Advisor Group LLC’s holdings in Hanesbrands were worth $107,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HBI. Vanguard Group Inc. increased its stake in Hanesbrands by 3.5% during the first quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker’s stock valued at $233,542,000 after acquiring an additional 1,362,140 shares during the period. Shell Asset Management Co. increased its stake in Hanesbrands by 127.0% during the first quarter. Shell Asset Management Co. now owns 20,417 shares of the textile maker’s stock valued at $118,000 after acquiring an additional 11,423 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Hanesbrands by 212.4% during the first 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 acquiring an additional 278,383 shares during the period. ProShare Advisors LLC increased its stake in Hanesbrands by 7.4% during the first quarter. ProShare Advisors LLC now owns 70,932 shares of the textile maker’s stock valued at $411,000 after acquiring an additional 4,881 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in Hanesbrands by 237.5% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 98,329 shares of the textile maker’s stock valued at $564,000 after acquiring an additional 69,197 shares during the period. Institutional investors and hedge funds own 80.31% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HBI. Barclays boosted 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 boosted 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 upped their price objective on Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, August 27th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Hanesbrands presently has an average rating of “Hold” and a consensus price target of $5.80.

Hanesbrands Trading Down 4.7 %

HBI stock opened at $7.99 on Friday. Hanesbrands Inc. has a 1-year low of $3.58 and a 1-year high of $8.70. The firm has a market cap of $2.81 billion, a P/E ratio of -9.40 and a beta of 1.58. The business’s 50 day moving average is $7.01 and its 200-day moving average is $5.86. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 50.06.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. The company had revenue of $937.10 million for the quarter, compared to analyst estimates of $936.47 million. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 EPS. Equities analysts anticipate that Hanesbrands Inc. will post 0.34 earnings per share for the current fiscal 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.