Hanesbrands Inc. (NYSE:HBI) Shares Sold by LSV Asset Management

LSV Asset Management reduced its position in shares of Hanesbrands Inc. (NYSE:HBI) by 20.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,413,800 shares of the textile maker’s stock after selling 360,292 shares during the period. LSV Asset Management’s holdings in Hanesbrands were worth $6,306,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HBI. First Trust Direct Indexing L.P. acquired a new position in Hanesbrands in the fourth quarter valued at approximately $48,000. Victory Capital Management Inc. lifted its stake in shares of Hanesbrands by 13.9% in the 4th quarter. Victory Capital Management Inc. now owns 70,684 shares of the textile maker’s stock valued at $315,000 after purchasing an additional 8,605 shares during the last quarter. Mission Wealth Management LP grew its holdings in shares of Hanesbrands by 12.5% during the 4th quarter. Mission Wealth Management LP now owns 98,577 shares of the textile maker’s stock worth $440,000 after purchasing an additional 10,927 shares during the period. Kestra Private Wealth Services LLC raised its holdings in Hanesbrands by 46.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 29,598 shares of the textile maker’s stock valued at $132,000 after buying an additional 9,385 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its position in Hanesbrands by 30.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 648,318 shares of the textile maker’s stock valued at $2,891,000 after buying an additional 152,606 shares during the last quarter. 80.31% of the stock is owned by hedge funds and other institutional investors.

Hanesbrands Stock Down 0.9 %

Shares of HBI opened at $4.45 on Thursday. The company’s 50-day simple moving average is $5.09 and its 200-day simple moving average is $4.54. The company has a debt-to-equity ratio of 7.72, a quick ratio of 0.65 and a current ratio of 1.64. Hanesbrands Inc. has a 1 year low of $3.54 and a 1 year high of $5.86. The stock has a market capitalization of $1.56 billion, a PE ratio of -88.98 and a beta of 1.62.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, February 15th. The textile maker reported $0.03 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.06). The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.36 billion. Hanesbrands had a positive return on equity of 5.84% and a negative net margin of 0.31%. The business’s revenue was down 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. Analysts forecast that Hanesbrands Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HBI. Citigroup lifted their price target on shares of Hanesbrands from $4.50 to $5.50 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Wedbush upped their price target on Hanesbrands from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd.

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.