Everence Capital Management Inc. Has $190,000 Stake in Hanesbrands Inc. (NYSE:HBI)

Everence Capital Management Inc. reduced its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 54.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,390 shares of the textile maker’s stock after selling 27,610 shares during the quarter. Everence Capital Management Inc.’s holdings in Hanesbrands were worth $190,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HBI. JPMorgan Chase & Co. boosted its stake in shares of Hanesbrands by 484.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker’s stock worth $15,757,000 after acquiring an additional 1,776,690 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Hanesbrands by 18.2% in the second quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker’s stock valued at $32,836,000 after purchasing an additional 1,024,308 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Hanesbrands in the third quarter worth about $7,249,000. BNP Paribas Financial Markets boosted its stake in Hanesbrands by 388.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 742,314 shares of the textile maker’s stock valued at $5,456,000 after purchasing an additional 590,493 shares during the period. Finally, Squarepoint Ops LLC grew its holdings in Hanesbrands by 193.4% in the 2nd quarter. Squarepoint Ops LLC now owns 834,104 shares of the textile maker’s stock valued at $4,112,000 after buying an additional 549,855 shares during the last quarter. 80.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HBI. Barclays raised their price objective on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $11.00 in a report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.90.

Hanesbrands Stock Down 0.5 %

Shares of HBI opened at $8.31 on Friday. The business’s 50 day simple moving average is $8.23 and its 200-day simple moving average is $6.92. Hanesbrands Inc. has a one year low of $3.88 and a one year high of $9.10. The company has a market capitalization of $2.93 billion, a P/E ratio of -12.59 and a beta of 1.64. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90.

Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $937.10 million during the quarter, compared to analyst estimates of $936.47 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the company posted $0.10 earnings per share. As a group, sell-side analysts predict that Hanesbrands Inc. will post 0.39 EPS for the current fiscal year.

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.