Hanesbrands Inc. (NYSE:HBI) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. lowered its holdings in Hanesbrands Inc. (NYSE:HBI) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 843,115 shares of the textile maker’s stock after selling 85,300 shares during the quarter. Bard Financial Services Inc. owned 0.24% of Hanesbrands worth $6,863,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in HBI. Blue Trust Inc. raised its stake in shares of Hanesbrands by 42.3% during the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after buying an additional 1,594 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Hanesbrands by 39.7% in the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 1,895 shares during the last quarter. Whittier Trust Co. acquired a new position in shares of Hanesbrands during the 3rd quarter worth approximately $51,000. Intech Investment Management LLC purchased a new stake in Hanesbrands in the 2nd quarter valued at approximately $51,000. Finally, ERTS Wealth Advisors LLC acquired a new position in shares of Hanesbrands in the third quarter worth $76,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and boosted their target price for the company from $9.00 to $11.00 in a research note on Tuesday, November 26th. Barclays raised their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.90.

Hanesbrands Stock Up 0.5 %

HBI stock traded up $0.04 during midday trading on Monday, hitting $8.28. 1,610,646 shares of the company’s stock were exchanged, compared to its average volume of 3,311,647. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of -12.55 and a beta of 1.64. 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 has a 50 day moving average price of $8.17 and a 200-day moving average price of $6.85. Hanesbrands Inc. has a 12-month low of $3.88 and a 12-month high of $9.10.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share 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 analyst estimates 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 for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. On average, analysts anticipate that Hanesbrands Inc. will post 0.39 EPS 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.