Corient Private Wealth LLC Sells 5,493 Shares of Hanesbrands Inc. (NYSE:HBI)

Corient Private Wealth LLC reduced its position in shares of Hanesbrands Inc. (NYSE:HBI) by 16.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,459 shares of the textile maker’s stock after selling 5,493 shares during the quarter. Corient Private Wealth LLC’s holdings in Hanesbrands were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Hennessy Advisors Inc. bought a new position in shares of Hanesbrands in the 4th quarter worth $62,199,000. JPMorgan Chase & Co. increased its holdings in 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 purchasing an additional 1,776,690 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Hanesbrands in the fourth quarter valued at about $5,395,000. BNP Paribas Financial Markets boosted its holdings in 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 buying an additional 590,493 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of Hanesbrands during the 4th quarter worth about $2,066,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hanesbrands

In related news, Director Robert F. Moran bought 74,850 shares of Hanesbrands stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $6.01 per share, with a total value of $449,848.50. Following the purchase, the director now owns 216,373 shares in the company, valued at approximately $1,300,401.73. This trade represents a 52.89 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 price target (down from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.10.

Hanesbrands Stock Performance

Shares of Hanesbrands stock opened at $5.75 on Wednesday. The company has a market capitalization of $2.03 billion, a PE ratio of -6.24 and a beta of 1.75. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. The stock’s fifty day simple moving average is $6.70 and its 200 day simple moving average is $7.43. Hanesbrands Inc. has a 12 month low of $4.40 and a 12 month high of $9.10.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $888.47 million during the quarter, compared to analysts’ expectations of $899.30 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. On average, research analysts predict that Hanesbrands Inc. will post 0.53 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.