Hanesbrands Inc. (NYSE:HBI) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. decreased its stake in Hanesbrands Inc. (NYSE:HBI) by 4.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,250 shares of the textile maker’s stock after selling 3,050 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Hanesbrands were worth $317,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Hanesbrands by 12.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,749,433 shares of the textile maker’s stock worth $25,642,000 after buying an additional 632,865 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Hanesbrands by 3.5% in the first quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker’s stock worth $233,542,000 after acquiring an additional 1,362,140 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Hanesbrands during the first quarter worth approximately $1,093,000. Shell Asset Management Co. raised its stake in Hanesbrands by 127.0% in the 1st quarter. Shell Asset Management Co. now owns 20,417 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 11,423 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Hanesbrands by 212.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 409,468 shares of the textile maker’s stock valued at $2,375,000 after purchasing an additional 278,383 shares in the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Up 2.4 %

Shares of NYSE HBI opened at $6.86 on Wednesday. The company has a market capitalization of $2.41 billion, a P/E ratio of -114.33 and a beta of 1.57. The company has a debt-to-equity ratio of 50.06, a current ratio of 1.46 and a quick ratio of 0.86. The company has a 50 day simple moving average of $6.14 and a 200-day simple moving average of $5.40. Hanesbrands Inc. has a 1 year low of $3.54 and a 1 year high of $7.06.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, August 8th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. The company had revenue of $995.40 million during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the firm earned ($0.01) earnings per share. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, equities research analysts predict that Hanesbrands Inc. will post 0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HBI shares. UBS Group upped their target price on shares of Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, August 27th. Wedbush reissued a “neutral” rating and issued a $5.00 target price on shares of Hanesbrands in a research note on Thursday, June 6th. Stifel Nicolaus upped their price target on Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a research report on Monday, August 12th. Finally, Barclays lifted their price objective on Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.80.

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.