Hanesbrands Inc. (HBI) Shares Sold by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH reduced its position in Hanesbrands Inc. (NYSE:HBI) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,385 shares of the textile maker’s stock after selling 3,579 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Hanesbrands were worth $824,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sentry Investment Management LLC raised its holdings in shares of Hanesbrands by 0.4% during the 2nd quarter. Sentry Investment Management LLC now owns 24,878 shares of the textile maker’s stock valued at $576,000 after buying an additional 109 shares during the period. QS Investors LLC increased its holdings in Hanesbrands by 2.8% during the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after purchasing an additional 140 shares during the last quarter. FTB Advisors Inc. increased its holdings in Hanesbrands by 1.5% during the 2nd quarter. FTB Advisors Inc. now owns 11,393 shares of the textile maker’s stock worth $263,000 after purchasing an additional 166 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in Hanesbrands by 1.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 20,305 shares of the textile maker’s stock worth $470,000 after purchasing an additional 233 shares during the last quarter. Finally, Flinton Capital Management LLC increased its holdings in Hanesbrands by 1.1% during the 2nd quarter. Flinton Capital Management LLC now owns 22,596 shares of the textile maker’s stock worth $523,000 after purchasing an additional 252 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Inc. (HBI) traded down $0.08 during trading hours on Thursday, reaching $21.65. The company had a trading volume of 5,420,300 shares, compared to its average volume of 4,971,129. Hanesbrands Inc. has a twelve month low of $18.90 and a twelve month high of $25.73. The firm has a market cap of $8,080.00, a price-to-earnings ratio of 13.36, a P/E/G ratio of 1.13 and a beta of 0.72. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 2.90.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the firm posted $0.56 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. sell-side analysts forecast that Hanesbrands Inc. will post 1.94 EPS for the current fiscal year.

Several equities research analysts have issued reports on HBI shares. Deutsche Bank started coverage on Hanesbrands in a report on Monday, October 23rd. They set a “buy” rating and a $29.00 price objective on the stock. Zacks Investment Research downgraded Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. B. Riley restated a “buy” rating on shares of Hanesbrands in a report on Thursday, November 2nd. Stifel Nicolaus restated a “hold” rating and set a $23.00 price objective on shares of Hanesbrands in a report on Friday, November 3rd. Finally, Buckingham Research lowered their price target on Hanesbrands from $30.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. Hanesbrands has a consensus rating of “Hold” and a consensus target price of $25.63.

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Hanesbrands Profile

Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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