Hanesbrands Inc. (NYSE:HBI) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its holdings in Hanesbrands Inc. (NYSE:HBI – Get Rating) by 11.3% during the fourth quarter, HoldingsChannel reports. The firm owned 626,880 shares of the textile maker’s stock after selling 80,174 shares during the period. Raymond James & Associates’ holdings in Hanesbrands were worth $3,987,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HBI. Stephens Inc. AR lifted its position in Hanesbrands by 2.1% during the fourth quarter. Stephens Inc. AR now owns 67,701 shares of the textile maker’s stock worth $431,000 after buying an additional 1,383 shares in the last quarter. Boenning & Scattergood Inc. raised its holdings in shares of Hanesbrands by 3.0% during the 4th quarter. Boenning & Scattergood Inc. now owns 50,144 shares of the textile maker’s stock worth $747,000 after acquiring an additional 1,480 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Hanesbrands by 41.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 5,010 shares of the textile maker’s stock valued at $74,000 after acquiring an additional 1,480 shares during the last quarter. Northern Oak Wealth Management Inc. grew its holdings in shares of Hanesbrands by 9.9% in the third quarter. Northern Oak Wealth Management Inc. now owns 16,792 shares of the textile maker’s stock valued at $117,000 after purchasing an additional 1,508 shares during the period. Finally, Franklin Resources Inc. increased its position in Hanesbrands by 8.0% during the second quarter. Franklin Resources Inc. now owns 21,973 shares of the textile maker’s stock worth $226,000 after purchasing an additional 1,629 shares during the last quarter. 81.87% of the stock is currently owned by hedge funds and other institutional investors.

Hanesbrands Trading Down 2.4 %

Shares of HBI stock opened at $4.09 on Thursday. Hanesbrands Inc. has a fifty-two week low of $3.85 and a fifty-two week high of $12.13. The company has a 50 day moving average price of $4.75 and a 200 day moving average price of $5.93. The stock has a market capitalization of $1.43 billion, a P/E ratio of -5.11 and a beta of 1.58. The company has a debt-to-equity ratio of 10.57, a quick ratio of 0.60 and a current ratio of 1.72.

Hanesbrands (NYSE:HBI – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The textile maker reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. Hanesbrands had a positive return on equity of 38.23% and a negative net margin of 4.64%. The company’s revenue was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 earnings per share. Equities research analysts predict that Hanesbrands Inc. will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HBI has been the subject of several analyst reports. Barclays dropped their price target on shares of Hanesbrands from $6.00 to $5.00 in a research note on Thursday, May 4th. StockNews.com started coverage on Hanesbrands in a research report on Thursday, May 18th. They issued a “sell” rating on the stock. Credit Suisse Group lowered their price target on Hanesbrands from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, February 3rd. UBS Group reduced their price objective on shares of Hanesbrands from $7.00 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, March 29th. Finally, TheStreet lowered shares of Hanesbrands from a “c” rating to a “d+” rating in a research note on Thursday, February 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8.60.

Hanesbrands Profile

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Hanesbrands, Inc engages in the business of designing, manufacturing, sourcing, and selling basic apparel such as T-shirts, bras, panties, shape wear, underwear, socks, and activewear. It operates through the following segments: Innerwear, Activewear, and International. The Innerwear segment includes basic apparel including men’s underwear, women’s panties, children’s underwear, and socks, and intimate apparel such as bras, and shape wear.