LSV Asset Management Trims Holdings in Hanesbrands Inc. (NYSE:HBI)

LSV Asset Management lowered its position in shares of Hanesbrands Inc. (NYSE:HBI) by 20.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,413,800 shares of the textile maker’s stock after selling 360,292 shares during the quarter. LSV Asset Management owned 0.40% of Hanesbrands worth $6,306,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HBI. Harel Insurance Investments & Financial Services Ltd. bought a new position in Hanesbrands in the 3rd quarter worth approximately $40,000. Alhambra Investment Management LLC purchased a new position in Hanesbrands during the fourth quarter valued at $46,000. Journey Strategic Wealth LLC bought a new stake in Hanesbrands in the 3rd quarter valued at $41,000. Sherbrooke Park Advisers LLC purchased a new stake in Hanesbrands in the 3rd quarter worth $42,000. Finally, AXQ Capital LP bought a new position in shares of Hanesbrands during the 3rd quarter valued at about $43,000. 80.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HBI has been the subject of several research analyst reports. Citigroup raised their price target on Hanesbrands from $4.50 to $5.50 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Wedbush boosted their price target on shares of Hanesbrands from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd.

Hanesbrands Trading Down 0.9 %

Shares of HBI stock opened at $4.45 on Thursday. The company has a market cap of $1.56 billion, a PE ratio of -88.98 and a beta of 1.62. The company has a debt-to-equity ratio of 7.72, a current ratio of 1.64 and a quick ratio of 0.65. The stock’s 50 day simple moving average is $5.09 and its two-hundred day simple moving average is $4.54. Hanesbrands Inc. has a 1 year low of $3.54 and a 1 year high of $5.86.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, February 15th. The textile maker reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.36 billion. Hanesbrands had a positive return on equity of 5.84% and a negative net margin of 0.31%. The firm’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share. Research analysts predict that Hanesbrands Inc. will post 0.44 earnings per share for the current year.

Hanesbrands 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.