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

Janney Montgomery Scott LLC reduced its stake in Hanesbrands Inc. (NYSE:HBI) by 28.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,449 shares of the textile maker’s stock after selling 4,100 shares during the period. Janney Montgomery Scott LLC’s holdings in Hanesbrands were worth $85,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of HBI. Blue Trust Inc. increased its holdings in shares of Hanesbrands by 42.3% in the third 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. Whittier Trust Co. acquired a new position in shares of Hanesbrands in the third quarter valued at about $51,000. GAMMA Investing LLC grew its stake 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 acquiring an additional 1,895 shares in the last quarter. ERTS Wealth Advisors LLC acquired a new position in shares of Hanesbrands in the third quarter valued at about $76,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Hanesbrands in the third quarter valued at about $77,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HBI has been the topic of several research reports. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and upped their price target for the company from $9.00 to $11.00 in a research note 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 research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hanesbrands currently has a consensus rating of “Hold” and a consensus price target of $6.90.

Hanesbrands Trading Down 18.6 %

Shares of Hanesbrands stock opened at $6.24 on Friday. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of -9.46 and a beta of 1.63. 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 Inc. has a 12-month low of $4.06 and a 12-month high of $9.10. The firm’s 50-day moving average price is $8.25 and its two-hundred day moving average price is $7.45.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. On average, analysts forecast 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.