Cwm LLC Has $211,000 Position in Hanesbrands Inc. (NYSE:HBI)

Cwm LLC reduced its position in shares of Hanesbrands Inc. (NYSE:HBI) by 16.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,753 shares of the textile maker’s stock after selling 5,530 shares during the period. Cwm LLC’s holdings in Hanesbrands were worth $211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Hanesbrands by 3.5% during the first quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker’s stock worth $233,542,000 after buying an additional 1,362,140 shares during the period. Loews Corp boosted its position in shares of Hanesbrands by 108.7% during the second quarter. Loews Corp now owns 29,197,796 shares of the textile maker’s stock worth $143,945,000 after buying an additional 15,206,007 shares during the period. Cooke & Bieler LP boosted its position in shares of Hanesbrands by 2.1% during the second quarter. Cooke & Bieler LP now owns 16,329,763 shares of the textile maker’s stock worth $80,506,000 after buying an additional 342,056 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Hanesbrands by 18.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker’s stock worth $32,836,000 after buying an additional 1,024,308 shares during the period. Finally, Brandes Investment Partners LP boosted its position in shares of Hanesbrands by 3.9% during the second quarter. Brandes Investment Partners LP now owns 4,834,202 shares of the textile maker’s stock worth $23,761,000 after buying an additional 183,069 shares during the period. 80.31% of the stock is owned by institutional investors and hedge funds.

Hanesbrands Trading Down 1.4 %

Shares of HBI opened at $7.08 on Wednesday. Hanesbrands Inc. has a 52-week low of $3.58 and a 52-week high of $7.57. The business’s fifty day moving average is $6.77 and its 200-day moving average is $5.66. The company has a debt-to-equity ratio of 50.06, a quick ratio of 0.86 and a current ratio of 1.46. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of -118.00 and a beta of 1.58.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. The company had revenue of $995.40 million for the quarter, compared to the consensus estimate of $1.35 billion. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. Hanesbrands’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) EPS. Equities analysts anticipate that Hanesbrands Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Stifel Nicolaus increased their price target on Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a research report on Monday, August 12th. Barclays increased their price target on Hanesbrands from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Finally, UBS Group increased their price target on Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a research report on Tuesday, August 27th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hanesbrands presently has an average rating of “Hold” and a consensus price target of $5.80.

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.