Gofen & Glossberg LLC IL reduced its holdings in Hanesbrands Inc. (NYSE:HBI) by 23.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,805 shares of the textile maker’s stock after selling 14,800 shares during the period. Gofen & Glossberg LLC IL’s holdings in Hanesbrands were worth $1,000,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of HBI. Engine Capital Management LLC purchased a new position in shares of Hanesbrands in the 3rd quarter worth $106,000. QS Investors LLC lifted its holdings in shares of Hanesbrands by 2.8% in the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after acquiring an additional 140 shares during the last quarter. Tiedemann Wealth Management LLC lifted its holdings in shares of Hanesbrands by 12.4% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 34,254 shares of the textile maker’s stock worth $129,000 after acquiring an additional 3,787 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of Hanesbrands in the 3rd quarter worth about $138,000. Finally, Archford Capital Strategies LLC lifted its holdings in shares of Hanesbrands by 283.4% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock worth $141,000 after acquiring an additional 1,247 shares during the last quarter. 96.67% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the stock. Barclays assumed coverage on shares of Hanesbrands in a report on Tuesday, September 19th. They issued an “overweight” rating and a $31.00 target price for the company. FBR & Co restated a “buy” rating and issued a $33.00 target price on shares of Hanesbrands in a report on Thursday, September 21st. Instinet lowered shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a report on Thursday, September 21st. Nomura lowered shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a report on Thursday, September 21st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $23.00 target price on shares of Hanesbrands in a report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $25.63.
Shares of Hanesbrands Inc. (NYSE HBI) opened at $22.10 on Wednesday. Hanesbrands Inc. has a twelve month low of $18.90 and a twelve month high of $25.73. The firm has a market cap of $8,173.98, a PE ratio of 13.64, a P/E/G ratio of 1.20 and a beta of 0.70. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business posted $0.56 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. equities analysts forecast that Hanesbrands Inc. will post 1.94 earnings per share for the current fiscal year.
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Hanesbrands Company Profile
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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