Stephens Inc. AR Has $223,000 Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Stephens Inc. AR cut its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 23.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,358 shares of the textile maker’s stock after selling 8,225 shares during the period. Stephens Inc. AR’s holdings in Hanesbrands were worth $223,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in HBI. Hennessy Advisors Inc. acquired a new stake in shares of Hanesbrands in the fourth quarter valued at approximately $62,199,000. JPMorgan Chase & Co. lifted its position in shares of Hanesbrands by 484.0% in the third quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker’s stock valued at $15,757,000 after buying an additional 1,776,690 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Hanesbrands in the third quarter valued at approximately $7,249,000. BNP Paribas Financial Markets increased its stake in shares of Hanesbrands by 388.9% during 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 period. Finally, International Assets Investment Management LLC increased its stake in shares of Hanesbrands by 481.0% during the third quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker’s stock worth $3,822,000 after purchasing an additional 430,534 shares during the period. 80.31% of the stock is owned by institutional investors and hedge funds.

Hanesbrands Trading Down 6.0 %

NYSE HBI opened at $5.88 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 21.50. Hanesbrands Inc. has a twelve month low of $4.06 and a twelve month high of $9.10. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -8.90 and a beta of 1.63. The business’s fifty day moving average is $8.15 and its 200 day moving average is $7.46.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The company had revenue of $888.47 million for the quarter, compared to the consensus estimate of $899.30 million. As a group, sell-side analysts expect that Hanesbrands Inc. will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HBI has been the topic of a number of recent research reports. Barclays increased their target price on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. UBS Group upgraded Hanesbrands from a “neutral” rating to a “buy” rating and increased their target price for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $7.00 target price (down previously from $8.00) on shares of Hanesbrands in a research note on Friday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Hanesbrands has an average rating of “Hold” and a consensus target price of $7.10.

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.