Exxonmobil Investment Management Inc. TX trimmed its position in shares of Hanesbrands Inc. (NYSE:HBI) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,970 shares of the textile maker’s stock after selling 8,589 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Hanesbrands were worth $1,212,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Archford Capital Strategies LLC grew its stake 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 valued at $141,000 after purchasing an additional 1,247 shares during the period. IHT Wealth Management LLC grew its stake in shares of Hanesbrands by 101.1% in the 2nd quarter. IHT Wealth Management LLC now owns 2,652 shares of the textile maker’s stock valued at $159,000 after purchasing an additional 1,333 shares during the period. Engine Capital Management LLC bought a new stake in shares of Hanesbrands in the 3rd quarter valued at approximately $106,000. QS Investors LLC grew its stake 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 valued at $118,000 after purchasing an additional 140 shares during the period. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Hanesbrands in the 3rd quarter valued at approximately $138,000. Hedge funds and other institutional investors own 96.67% of the company’s stock.
Hanesbrands Inc. (NYSE HBI) opened at $22.00 on Friday. The company has a market capitalization of $7,998.98, a P/E ratio of 13.58, a PEG ratio of 1.17 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 2.90. Hanesbrands Inc. has a 1-year low of $18.90 and a 1-year high of $25.73.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the business earned $0.56 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. research analysts anticipate that Hanesbrands Inc. will post 1.94 earnings per share for the current fiscal year.
Several research firms have recently weighed in on HBI. FBR & Co reiterated a “buy” rating and issued a $33.00 price objective on shares of Hanesbrands in a research note on Thursday, September 21st. Zacks Investment Research upgraded Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Monday, October 9th. UBS Group lowered Hanesbrands from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 24th. Nomura reduced their target price on Hanesbrands from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Finally, Oppenheimer reissued a “market perform” rating and issued a $26.00 target price (down from $32.00) on shares of Hanesbrands in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.63.
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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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