Alpha Omega Wealth Management LLC Has $624,000 Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Alpha Omega Wealth Management LLC decreased its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 6.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 76,604 shares of the textile maker’s stock after selling 4,916 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Hanesbrands were worth $624,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sei Investments Co. boosted its position in shares of Hanesbrands by 366.7% in the second quarter. Sei Investments Co. now owns 341,232 shares of the textile maker’s stock valued at $1,682,000 after acquiring an additional 268,110 shares during the period. Marshall Wace LLP bought a new stake in Hanesbrands in the 2nd quarter valued at $70,000. The Manufacturers Life Insurance Company grew its position in Hanesbrands by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 176,817 shares of the textile maker’s stock worth $872,000 after purchasing an additional 5,664 shares during the last quarter. Algert Global LLC bought a new position in shares of Hanesbrands during the 2nd quarter worth about $174,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Hanesbrands during the second quarter valued at about $321,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Wall Street Analyst Weigh In

HBI has been the subject of several research reports. Barclays raised their target price on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $11.00 in a report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.90.

Hanesbrands Price Performance

Hanesbrands stock opened at $8.11 on Friday. Hanesbrands Inc. has a 52-week low of $4.06 and a 52-week high of $9.10. 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 stock has a fifty day moving average price of $8.40 and a two-hundred day moving average price of $7.31.

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