Inspire Investing LLC Has $451,000 Stake in Hanesbrands Inc. (NYSE:HBI)

Inspire Investing LLC decreased its holdings in Hanesbrands Inc. (NYSE:HBI) by 13.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,357 shares of the textile maker’s stock after selling 8,711 shares during the quarter. Inspire Investing LLC’s holdings in Hanesbrands were worth $451,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of HBI. American Century Companies Inc. raised its stake in Hanesbrands by 19.0% in the 2nd quarter. American Century Companies Inc. now owns 526,758 shares of the textile maker’s stock worth $2,597,000 after purchasing an additional 84,027 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hanesbrands by 18.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker’s stock valued at $32,836,000 after buying an additional 1,024,308 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Hanesbrands in the 2nd quarter valued at approximately $51,000. Sei Investments Co. raised its position in shares of Hanesbrands by 366.7% in the 2nd quarter. Sei Investments Co. now owns 341,232 shares of the textile maker’s stock valued at $1,682,000 after buying an additional 268,110 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Hanesbrands by 101.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 612,514 shares of the textile maker’s stock valued at $3,020,000 after buying an additional 308,200 shares in the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Price Performance

HBI stock opened at $8.36 on Friday. The company has a 50 day simple moving average of $8.41 and a 200 day simple moving average of $7.20. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -12.66 and a beta of 1.64. Hanesbrands Inc. has a 1 year low of $4.06 and a 1 year high of $9.10. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. The business had revenue of $937.10 million during the quarter, compared to analysts’ expectations of $936.47 million. During the same period in the prior year, the company earned $0.10 EPS. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. Research analysts anticipate that Hanesbrands Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HBI shares. UBS Group upgraded 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 report on Tuesday, November 26th. Barclays boosted their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $6.90.

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.