International Assets Investment Management LLC Sells 507,309 Shares of Hanesbrands Inc. (NYSE:HBI)

International Assets Investment Management LLC trimmed its position in Hanesbrands Inc. (NYSE:HBI) by 97.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,728 shares of the textile maker’s stock after selling 507,309 shares during the period. International Assets Investment Management LLC’s holdings in Hanesbrands were worth $102,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in shares of Hanesbrands by 484.0% during the third quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker’s stock worth $15,757,000 after purchasing an additional 1,776,690 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Hanesbrands by 18.2% during 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 period. Verition Fund Management LLC bought a new stake in shares of Hanesbrands in the 3rd quarter worth about $7,249,000. BNP Paribas Financial Markets lifted its stake in Hanesbrands by 388.9% in the third quarter. BNP Paribas Financial Markets now owns 742,314 shares of the textile maker’s stock worth $5,456,000 after purchasing an additional 590,493 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in shares of Hanesbrands by 193.4% during the 2nd quarter. Squarepoint Ops LLC now owns 834,104 shares of the textile maker’s stock worth $4,112,000 after acquiring an additional 549,855 shares during the last quarter. 80.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Hanesbrands Price Performance

HBI stock opened at $8.50 on Wednesday. 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 $3.88 and a 1 year high of $9.10. The business has a 50 day simple moving average of $8.33 and a 200-day simple moving average of $7.03. The firm has a market capitalization of $3.00 billion, a PE ratio of -12.88 and a beta of 1.64.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. The firm had revenue of $937.10 million during the quarter, compared to the consensus estimate of $936.47 million. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. Equities research analysts anticipate that Hanesbrands Inc. will post 0.39 earnings per share for the current fiscal year.

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.