Signaturefd LLC Sells 3,798 Shares of Hanesbrands Inc. (NYSE:HBI)

Signaturefd LLC cut its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,747 shares of the textile maker’s stock after selling 3,798 shares during the period. Signaturefd LLC’s holdings in Hanesbrands were worth $329,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Xponance Inc. increased its holdings in shares of Hanesbrands by 79.7% during the fourth quarter. Xponance Inc. now owns 61,013 shares of the textile maker’s stock worth $272,000 after buying an additional 27,061 shares in the last quarter. Alpha Omega Wealth Management LLC increased its holdings in shares of Hanesbrands by 61.3% during the fourth quarter. Alpha Omega Wealth Management LLC now owns 139,544 shares of the textile maker’s stock worth $622,000 after buying an additional 53,012 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Hanesbrands by 9.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 78,025 shares of the textile maker’s stock worth $348,000 after buying an additional 6,644 shares in the last quarter. Cullen Investment Group LTD. acquired a new position in shares of Hanesbrands during the fourth quarter worth $95,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Hanesbrands during the fourth quarter worth $781,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Price Performance

NYSE HBI opened at $4.47 on Friday. Hanesbrands Inc. has a twelve month low of $3.54 and a twelve month high of $5.86. The stock has a fifty day simple moving average of $5.12 and a 200 day simple moving average of $4.52. 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 (NYSE:HBI) last issued its quarterly earnings results on Thursday, February 15th. The textile maker reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). Hanesbrands had a positive return on equity of 5.84% and a negative net margin of 0.31%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the business posted $0.07 earnings per share. The business’s revenue was down 12.0% on a year-over-year basis. As a group, analysts predict that Hanesbrands Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Citigroup increased their price objective on Hanesbrands from $4.50 to $5.50 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Wedbush increased their price objective on Hanesbrands from $4.50 to $5.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.00.

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.