Amalgamated Bank Lowers Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Amalgamated Bank lowered its holdings in Hanesbrands Inc. (NYSE:HBI) by 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,807 shares of the textile maker’s stock after selling 3,737 shares during the period. Amalgamated Bank’s holdings in Hanesbrands were worth $763,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Avantax Advisory Services Inc. boosted its holdings in Hanesbrands by 13.6% in the first quarter. Avantax Advisory Services Inc. now owns 25,432 shares of the textile maker’s stock valued at $148,000 after acquiring an additional 3,043 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Hanesbrands by 7.4% in the first quarter. ProShare Advisors LLC now owns 70,932 shares of the textile maker’s stock valued at $411,000 after acquiring an additional 4,881 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Hanesbrands by 212.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 409,468 shares of the textile maker’s stock valued at $2,375,000 after acquiring an additional 278,383 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Hanesbrands by 237.5% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 98,329 shares of the textile maker’s stock valued at $564,000 after acquiring an additional 69,197 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Hanesbrands by 3.5% in the first quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker’s stock valued at $233,542,000 after acquiring an additional 1,362,140 shares during the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Up 4.2 %

Shares of NYSE HBI opened at $8.22 on Friday. Hanesbrands Inc. has a 1 year low of $3.58 and a 1 year high of $8.70. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of -12.45 and a beta of 1.58. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49. The stock’s 50-day simple moving average is $7.17 and its 200-day simple moving average is $5.98.

Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $937.10 million for the quarter, compared to analyst estimates of $936.47 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. As a group, equities analysts anticipate that Hanesbrands Inc. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on HBI. Barclays boosted their price objective on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Stifel Nicolaus boosted their price objective on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Finally, UBS Group boosted their price objective on Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a research note on Tuesday, August 27th. Six research analysts have rated the stock with a hold rating, According to MarketBeat, Hanesbrands currently has an average rating of “Hold” and an average target price of $6.00.

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.