Hanesbrands Inc. (NYSE:HBI) Position Cut by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Hanesbrands Inc. (NYSE:HBI) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 827,839 shares of the textile maker’s stock after selling 13,169 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Hanesbrands worth $6,085,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HBI. Cetera Advisors LLC raised its holdings in shares of Hanesbrands by 233.4% during the first quarter. Cetera Advisors LLC now owns 35,481 shares of the textile maker’s stock worth $206,000 after acquiring an additional 24,839 shares in the last quarter. CWM LLC lifted its stake in Hanesbrands by 25.6% during the second quarter. CWM LLC now owns 34,283 shares of the textile maker’s stock worth $169,000 after purchasing an additional 6,998 shares during the period. SG Americas Securities LLC raised its stake in shares of Hanesbrands by 1,211.6% in the second quarter. SG Americas Securities LLC now owns 278,326 shares of the textile maker’s stock valued at $1,372,000 after acquiring an additional 257,105 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of Hanesbrands in the second quarter valued at approximately $55,000. Finally, Louisiana State Employees Retirement System raised its position in Hanesbrands by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 176,900 shares of the textile maker’s stock worth $872,000 after purchasing an additional 3,500 shares during the last quarter. 80.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Hanesbrands Stock Up 0.4 %

Shares of HBI opened at $8.40 on Wednesday. Hanesbrands Inc. has a 12 month low of $3.71 and a 12 month high of $9.10. The firm’s 50 day moving average is $7.76 and its 200-day moving average is $6.44. The stock has a market capitalization of $2.96 billion, a PE ratio of -12.73 and a beta of 1.63. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 21.50.

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

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.