Atria Investments Inc Reduces Stock Position in Hanesbrands Inc. (NYSE:HBI)

Atria Investments Inc lessened its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 18.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,091 shares of the textile maker’s stock after selling 15,873 shares during the period. Atria Investments Inc’s holdings in Hanesbrands were worth $500,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HBI. Avantax Advisory Services Inc. boosted its position in shares of Hanesbrands by 13.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 25,432 shares of the textile maker’s stock worth $148,000 after purchasing an additional 3,043 shares in the last quarter. ProShare Advisors LLC raised its stake in Hanesbrands by 7.4% during the first quarter. ProShare Advisors LLC now owns 70,932 shares of the textile maker’s stock valued at $411,000 after buying 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 worth $2,375,000 after acquiring an additional 278,383 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Hanesbrands by 237.5% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 98,329 shares of the textile maker’s stock worth $564,000 after acquiring an additional 69,197 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings 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 valued at $233,542,000 after acquiring an additional 1,362,140 shares in the last quarter. 80.31% of the stock is currently owned by institutional investors.

Hanesbrands Trading Up 2.2 %

Shares of HBI opened at $8.46 on Thursday. The firm has a market cap of $2.98 billion, a P/E ratio of -12.81 and a beta of 1.58. 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 $3.58 and a 1 year high of $8.70. The company has a 50 day simple moving average of $7.30 and a two-hundred day simple moving average of $6.07.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $937.10 million during the quarter, compared to analyst estimates of $936.47 million. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. Hanesbrands’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 earnings per share. On average, equities analysts expect that Hanesbrands Inc. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. UBS Group upped their price objective on Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a research report on Tuesday, August 27th. Stifel Nicolaus boosted their target price on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research report on Monday, August 12th. Finally, Barclays raised their price target 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. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.00.

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.