Bard Financial Services Inc. Trims Stock Position in Hanesbrands Inc. (NYSE:HBI)

Bard Financial Services Inc. lessened its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 928,415 shares of the textile maker’s stock after selling 47,000 shares during the quarter. Bard Financial Services Inc. owned about 0.26% of Hanesbrands worth $6,824,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. raised its position in Hanesbrands by 42.3% in the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 1,594 shares during the last quarter. Alpha Omega Wealth Management LLC raised its position in Hanesbrands by 1.3% during the 2nd quarter. Alpha Omega Wealth Management LLC now owns 157,903 shares of the textile maker’s stock worth $778,000 after buying an additional 2,072 shares during the last quarter. Arizona State Retirement System raised its position in Hanesbrands by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 98,420 shares of the textile maker’s stock worth $485,000 after buying an additional 2,221 shares during the last quarter. Evergreen Capital Management LLC raised its position in Hanesbrands by 6.6% during the 2nd quarter. Evergreen Capital Management LLC now owns 37,454 shares of the textile maker’s stock worth $185,000 after buying an additional 2,316 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Hanesbrands by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 176,900 shares of the textile maker’s stock worth $872,000 after buying an additional 3,500 shares during the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Analyst Upgrades and Downgrades

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 upped their price objective for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Barclays upped their price target on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.90.

Hanesbrands Stock Performance

NYSE:HBI opened at $8.48 on Wednesday. The stock has a market cap of $2.99 billion, a PE ratio of -12.73 and a beta of 1.63. Hanesbrands Inc. has a fifty-two week low of $3.71 and a fifty-two week high of $9.10. The firm’s fifty day simple moving average is $7.76 and its 200-day simple moving average is $6.44. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 21.50.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $937.10 million for the quarter, compared to analysts’ expectations 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 revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 EPS. Analysts expect that Hanesbrands Inc. will post 0.39 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.