Hanesbrands Inc. (NYSE:HBI) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. reduced its position in shares of Hanesbrands Inc. (NYSE:HBI) by 4.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 928,415 shares of the textile maker’s stock after selling 47,000 shares during the quarter. Bard Financial Services Inc.’s holdings in Hanesbrands were worth $6,824,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in shares of Hanesbrands by 481.0% during the 3rd quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker’s stock worth $3,822,000 after purchasing an additional 430,534 shares during the last quarter. Brandes Investment Partners LP boosted its stake in shares of Hanesbrands by 3.9% during the 2nd quarter. Brandes Investment Partners LP now owns 4,834,202 shares of the textile maker’s stock worth $23,761,000 after purchasing an additional 183,069 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of Hanesbrands during the 3rd quarter worth about $51,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Hanesbrands during the 3rd quarter worth about $785,000. Finally, Loews Corp boosted its stake in shares of Hanesbrands by 108.7% during the 2nd quarter. Loews Corp now owns 29,197,796 shares of the textile maker’s stock worth $143,945,000 after purchasing an additional 15,206,007 shares during the last quarter. 80.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Hanesbrands Stock Up 0.8 %

Shares of NYSE:HBI opened at $8.48 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 21.50. Hanesbrands Inc. has a 52-week low of $3.71 and a 52-week high of $9.10. The company has a 50 day moving average of $7.76 and a two-hundred day moving average of $6.44. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of -12.73 and a beta of 1.63.

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