Atria Investments Inc Sells 21,251 Shares of Hanesbrands Inc. $HBI

Atria Investments Inc cut its position in shares of Hanesbrands Inc. (NYSE:HBI) by 21.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,602 shares of the textile maker’s stock after selling 21,251 shares during the quarter. Atria Investments Inc’s holdings in Hanesbrands were worth $346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Teacher Retirement System of Texas acquired a new stake in Hanesbrands during the 1st quarter worth about $297,000. Principal Financial Group Inc. boosted its position in shares of Hanesbrands by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 1,763,150 shares of the textile maker’s stock valued at $10,173,000 after purchasing an additional 42,903 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Hanesbrands by 13.0% during the first quarter. Envestnet Asset Management Inc. now owns 277,376 shares of the textile maker’s stock worth $1,600,000 after purchasing an additional 32,017 shares during the period. IFP Advisors Inc increased its holdings in Hanesbrands by 212.8% in the first quarter. IFP Advisors Inc now owns 16,310 shares of the textile maker’s stock worth $94,000 after purchasing an additional 11,096 shares in the last quarter. Finally, Optimist Retirement Group LLC increased its holdings in Hanesbrands by 32.6% in the first quarter. Optimist Retirement Group LLC now owns 45,415 shares of the textile maker’s stock worth $262,000 after purchasing an additional 11,173 shares in the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HBI shares. Wells Fargo & Company upgraded Hanesbrands from a “strong sell” rating to an “equal weight” rating and increased their price target for the stock from $5.00 to $6.00 in a report on Thursday, August 14th. Citigroup increased their target price on shares of Hanesbrands from $5.50 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Wall Street Zen upgraded shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. UBS Group lifted their price target on shares of Hanesbrands from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hanesbrands in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.60.

Hanesbrands Stock Performance

HBI opened at $6.42 on Wednesday. Hanesbrands Inc. has a 1-year low of $3.96 and a 1-year high of $9.10. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 6.97 and a beta of 1.50. The company’s fifty day moving average price is $6.61 and its two-hundred day moving average price is $5.57. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 4.94.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, November 6th. The textile maker reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Hanesbrands had a return on equity of 129.43% and a net margin of 9.34%.The business had revenue of $891.68 million for the quarter, compared to the consensus estimate of $905.37 million. During the same period in the previous year, the firm earned $0.15 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. On average, analysts expect that Hanesbrands Inc. will post 0.53 EPS 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.