Janney Montgomery Scott LLC Has $85,000 Stake in Hanesbrands Inc. (NYSE:HBI)

Janney Montgomery Scott LLC decreased its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 28.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,449 shares of the textile maker’s stock after selling 4,100 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Hanesbrands were worth $85,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC grew its holdings in Hanesbrands by 66.7% during the fourth quarter. SG Americas Securities LLC now owns 133,255 shares of the textile maker’s stock valued at $1,085,000 after purchasing an additional 53,339 shares during the period. Nisa Investment Advisors LLC grew its holdings in Hanesbrands by 6.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 45,876 shares of the textile maker’s stock valued at $373,000 after purchasing an additional 2,952 shares during the period. Ballentine Partners LLC acquired a new position in Hanesbrands during the fourth quarter valued at approximately $92,000. Hanseatic Management Services Inc. acquired a new position in Hanesbrands during the fourth quarter valued at approximately $691,000. Finally, Hennessy Advisors Inc. acquired a new position in Hanesbrands during the fourth quarter valued at approximately $62,199,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Stock Performance

NYSE HBI opened at $6.24 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 21.50. The firm’s fifty day moving average price is $8.25 and its two-hundred day moving average price is $7.45. Hanesbrands Inc. has a 1 year low of $4.06 and a 1 year high of $9.10. The firm has a market capitalization of $2.20 billion, a P/E ratio of -9.46 and a beta of 1.63.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. As a group, research analysts anticipate that Hanesbrands Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

HBI has been the subject of a number of analyst reports. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. Barclays upped their price target on shares of Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. 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, the stock presently has an average rating of “Hold” and an average target price of $6.90.

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.