Hanesbrands Inc. (NYSE:HBI) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 149,470 shares of the textile maker’s stock after selling 3,319 shares during the quarter. Yousif Capital Management LLC’s holdings in Hanesbrands were worth $1,217,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its holdings in shares of Hanesbrands by 42.3% during the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after buying an additional 1,594 shares during the last quarter. WFA Asset Management Corp purchased a new stake in Hanesbrands in the 4th quarter valued at about $46,000. Whittier Trust Co. purchased a new position in Hanesbrands during the third quarter worth about $51,000. GAMMA Investing LLC increased its position in shares of Hanesbrands by 39.7% during the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 1,895 shares during the last quarter. Finally, ERTS Wealth Advisors LLC purchased a new stake in shares of Hanesbrands in the 3rd quarter valued at approximately $76,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Hanesbrands Stock Down 18.6 %

Shares of NYSE HBI opened at $6.24 on Friday. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90. Hanesbrands Inc. has a 1 year low of $4.06 and a 1 year high of $9.10. The business has a 50-day moving average of $8.25 and a two-hundred day moving average of $7.45. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of -9.46 and a beta of 1.63.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. On average, analysts forecast that Hanesbrands Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HBI has been the subject of several research reports. Barclays lifted their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. UBS Group upgraded Hanesbrands from a “neutral” rating to a “buy” rating and lifted their target price for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.90.

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.