Hanesbrands Inc. (NYSE:HBI) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC cut its position in shares of Hanesbrands Inc. (NYSE:HBI) by 0.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 765,126 shares of the textile maker’s stock after selling 1,753 shares during the quarter. Moran Wealth Management LLC’s holdings in Hanesbrands were worth $5,624,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Hanesbrands by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker’s stock worth $233,542,000 after purchasing an additional 1,362,140 shares during the period. Loews Corp grew its stake in Hanesbrands by 108.7% in the 2nd quarter. Loews Corp now owns 29,197,796 shares of the textile maker’s stock valued at $143,945,000 after acquiring an additional 15,206,007 shares during the period. Cooke & Bieler LP grew its stake in Hanesbrands by 2.1% in the 2nd quarter. Cooke & Bieler LP now owns 16,329,763 shares of the textile maker’s stock valued at $80,506,000 after acquiring an additional 342,056 shares during the period. Dimensional Fund Advisors LP raised its position in Hanesbrands by 18.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker’s stock worth $32,836,000 after acquiring an additional 1,024,308 shares during the period. Finally, Brandes Investment Partners LP lifted its holdings in Hanesbrands by 3.9% during the second quarter. Brandes Investment Partners LP now owns 4,834,202 shares of the textile maker’s stock valued at $23,761,000 after purchasing an additional 183,069 shares in the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Stock Performance

NYSE:HBI opened at $8.46 on Thursday. Hanesbrands Inc. has a one year low of $3.58 and a one year high of $8.70. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 21.50. The stock has a 50 day moving average price of $7.30 and a 200 day moving average price of $6.07.

Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $937.10 million during the quarter, compared to the consensus estimate of $936.47 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. On average, analysts forecast that Hanesbrands Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HBI. Stifel Nicolaus upped their price target 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 increased their target price on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, UBS Group lifted their price target on Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a research note on Tuesday, August 27th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hanesbrands has a consensus rating of “Hold” and an average target price of $6.00.

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.