OneDigital Investment Advisors LLC Sells 2,626 Shares of Hanesbrands Inc. (NYSE:HBI)

OneDigital Investment Advisors LLC decreased its stake in Hanesbrands Inc. (NYSE:HBI) by 17.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,399 shares of the textile maker’s stock after selling 2,626 shares during the period. OneDigital Investment Advisors LLC’s holdings in Hanesbrands were worth $91,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HBI. Vanguard Group Inc. lifted its stake in shares of Hanesbrands by 3.5% in the 1st 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. Loews Corp grew its holdings 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 purchasing an additional 15,206,007 shares during the last quarter. Cooke & Bieler LP increased its stake in shares of Hanesbrands by 2.1% in the second quarter. Cooke & Bieler LP now owns 16,329,763 shares of the textile maker’s stock valued at $80,506,000 after buying an additional 342,056 shares during the period. Dimensional Fund Advisors LP raised its holdings in Hanesbrands by 18.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker’s stock valued at $32,836,000 after buying an additional 1,024,308 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its position in Hanesbrands by 3.9% during the 2nd 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. Institutional investors and hedge funds own 80.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HBI. 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 research note on Monday, November 11th. Stifel Nicolaus lifted their target price on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a 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 note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.00.

Hanesbrands Price Performance

Shares of NYSE HBI opened at $8.54 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 21.50. The company has a market capitalization of $3.01 billion, a PE ratio of -12.94 and a beta of 1.58. The firm has a fifty day simple moving average of $7.37 and a 200 day simple moving average of $6.11. Hanesbrands Inc. has a twelve month low of $3.58 and a twelve month high of $8.70.

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

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.