Raymond James & Associates Sells 24,026 Shares of Hanesbrands Inc. (NYSE:HBI)

Raymond James & Associates lowered its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 5.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 452,852 shares of the textile maker’s stock after selling 24,026 shares during the period. Raymond James & Associates owned 0.13% of Hanesbrands worth $3,328,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HBI. Blue Trust Inc. boosted its holdings in shares of Hanesbrands by 42.3% during the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after acquiring an additional 1,594 shares during the period. ERTS Wealth Advisors LLC bought a new stake in shares of Hanesbrands during the third quarter worth approximately $76,000. Creative Planning boosted its holdings in shares of Hanesbrands by 22.5% during the third quarter. Creative Planning now owns 152,998 shares of the textile maker’s stock worth $1,125,000 after acquiring an additional 28,126 shares during the period. Callan Family Office LLC bought a new stake in shares of Hanesbrands during the third quarter worth approximately $211,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Hanesbrands by 44.9% during the third quarter. Handelsbanken Fonder AB now owns 108,353 shares of the textile maker’s stock worth $796,000 after acquiring an additional 33,600 shares during the period. Institutional investors own 80.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HBI. UBS Group boosted their price objective on Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, August 27th. Stifel Nicolaus lifted their price target on shares of 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 target on shares of Hanesbrands from $5.00 to $6.00 and gave the company 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.80.

Hanesbrands Stock Up 2.0 %

NYSE HBI opened at $7.09 on Monday. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 50.06. Hanesbrands Inc. has a 1-year low of $3.58 and a 1-year high of $7.57. The company has a 50 day moving average of $6.89 and a 200-day moving average of $5.78. The company has a market cap of $2.49 billion, a price-to-earnings ratio of -8.34 and a beta of 1.58.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. Hanesbrands had a negative net margin of 6.02% and a positive return on equity of 33.23%. The business had revenue of $995.40 million during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the business earned ($0.01) earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. On average, equities research analysts expect that Hanesbrands Inc. will post 0.34 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.