Hanesbrands Inc. $HBI Shares Sold by Keynote Financial Services LLC

Keynote Financial Services LLC lessened its position in shares of Hanesbrands Inc. (NYSE:HBI) by 17.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,078 shares of the textile maker’s stock after selling 8,237 shares during the period. Keynote Financial Services LLC’s holdings in Hanesbrands were worth $179,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Hanesbrands by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 41,041,617 shares of the textile maker’s stock valued at $236,810,000 after purchasing an additional 1,006,739 shares in the last quarter. American Century Companies Inc. raised its holdings in Hanesbrands by 40.8% in the first quarter. American Century Companies Inc. now owns 7,547,938 shares of the textile maker’s stock valued at $43,552,000 after buying an additional 2,185,483 shares during the period. Allianz Asset Management GmbH lifted its position in Hanesbrands by 16.3% during the second quarter. Allianz Asset Management GmbH now owns 6,480,602 shares of the textile maker’s stock valued at $29,681,000 after buying an additional 908,933 shares in the last quarter. Alliancebernstein L.P. lifted its position in Hanesbrands by 3.9% during the first quarter. Alliancebernstein L.P. now owns 5,096,058 shares of the textile maker’s stock valued at $29,404,000 after buying an additional 193,460 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Hanesbrands by 11.6% during the first quarter. Millennium Management LLC now owns 3,117,512 shares of the textile maker’s stock worth $17,988,000 after buying an additional 324,054 shares during the period. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Hanesbrands Stock Up 0.5%

Shares of Hanesbrands stock opened at $6.42 on Tuesday. Hanesbrands Inc. has a 1-year low of $3.96 and a 1-year high of $9.10. The company has a market capitalization of $2.27 billion, a PE ratio of 6.98 and a beta of 1.50. The company has a debt-to-equity ratio of 4.94, a current ratio of 1.51 and a quick ratio of 0.71. The business has a 50-day moving average of $6.60 and a 200-day moving average of $5.56.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, November 6th. The textile maker reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Hanesbrands had a net margin of 9.34% and a return on equity of 129.43%. The business had revenue of $891.68 million during the quarter, compared to analysts’ expectations of $905.37 million. During the same period in the prior year, the company posted $0.15 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, equities analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on HBI shares. Citigroup raised their target price on shares of Hanesbrands from $5.50 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. UBS Group raised their price objective on Hanesbrands from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Hanesbrands in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded Hanesbrands from a “strong sell” rating to an “equal weight” rating and increased their target price for the company from $5.00 to $6.00 in a research note on Thursday, August 14th. Finally, Wall Street Zen raised Hanesbrands from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.60.

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.