Signaturefd LLC Has $215,000 Position in Hanesbrands Inc. (NYSE:HBI)

Signaturefd LLC lessened its stake in Hanesbrands Inc. (NYSE:HBI) by 53.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,261 shares of the textile maker’s stock after selling 33,538 shares during the quarter. Signaturefd LLC’s holdings in Hanesbrands were worth $215,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HBI. Concord Wealth Partners boosted its holdings in shares of Hanesbrands by 220.3% in the first quarter. Concord Wealth Partners now owns 5,260 shares of the textile maker’s stock valued at $31,000 after buying an additional 3,618 shares during the period. Tradewinds Capital Management LLC acquired a new position in shares of Hanesbrands in the first quarter valued at approximately $35,000. Rothschild Investment LLC acquired a new position in shares of Hanesbrands in the second quarter valued at approximately $39,000. Blue Trust Inc. boosted its holdings in shares of Hanesbrands by 42.3% in the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock valued at $39,000 after buying an additional 1,594 shares during the period. Finally, Hollencrest Capital Management bought a new stake in shares of Hanesbrands in the first quarter worth $41,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Stock Performance

NYSE HBI opened at $6.95 on Friday. 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 firm’s fifty day moving average price is $6.81 and its two-hundred day moving average price is $5.69. Hanesbrands Inc. has a 1 year low of $3.58 and a 1 year high of $7.57. The firm has a market capitalization of $2.44 billion, a P/E ratio of -8.18 and a beta of 1.58.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, August 8th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. The firm had revenue of $995.40 million for the quarter, compared to analyst estimates of $1.35 billion. Hanesbrands had a negative net margin of 6.02% and a positive return on equity of 33.23%. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) earnings per share. As a group, research analysts anticipate that Hanesbrands Inc. will post 0.34 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HBI shares. Stifel Nicolaus boosted their price objective on shares of Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research report on Monday, August 12th. Barclays boosted their price objective on shares of Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Finally, UBS Group boosted their price objective on shares of Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a research report 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 an average target price of $5.80.

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.