Xponance Inc. Has $266,000 Position in Hanesbrands Inc. (NYSE:HBI)

Xponance Inc. lowered its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,940 shares of the textile maker’s stock after selling 2,127 shares during the period. Xponance Inc.’s holdings in Hanesbrands were worth $266,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Evergreen Capital Management LLC boosted its stake in Hanesbrands by 6.6% during the second quarter. Evergreen Capital Management LLC now owns 37,454 shares of the textile maker’s stock worth $185,000 after buying an additional 2,316 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Hanesbrands by 7.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 773,539 shares of the textile maker’s stock valued at $3,814,000 after purchasing an additional 56,065 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Hanesbrands by 101.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 612,514 shares of the textile maker’s stock valued at $3,020,000 after purchasing an additional 308,200 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Hanesbrands by 366.7% in the 2nd quarter. Sei Investments Co. now owns 341,232 shares of the textile maker’s stock valued at $1,682,000 after purchasing an additional 268,110 shares in the last quarter. Finally, Bridges Investment Management Inc. acquired a new stake in shares of Hanesbrands in the 2nd quarter valued at $348,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Stock Down 1.6 %

Shares of NYSE:HBI opened at $7.23 on Wednesday. Hanesbrands Inc. has a 12 month low of $3.58 and a 12 month high of $7.41. The company’s 50-day moving average price is $6.28 and its two-hundred day moving average price is $5.45. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 50.06. The firm has a market cap of $2.54 billion, a P/E ratio of -120.50 and a beta of 1.57.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Hanesbrands had a negative net margin of 6.02% and a positive return on equity of 33.23%. The firm had revenue of $995.40 million for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the firm earned ($0.01) EPS. The company’s revenue was down 3.8% on a year-over-year basis. As a group, research analysts forecast that Hanesbrands Inc. will post 0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HBI shares. UBS Group boosted their target price on shares of Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, August 27th. Barclays boosted their target price on shares of 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 target price on shares of Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a research note on Monday, August 12th. Finally, Wedbush reiterated a “neutral” rating and set a $5.00 price target on shares of Hanesbrands in a research report on Thursday, June 6th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, Hanesbrands currently has an average rating of “Hold” and a consensus price target of $5.80.

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.