New South Capital Management Inc. Cuts Holdings in Hanesbrands Inc. (NYSE:HBI)

New South Capital Management Inc. trimmed its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,133,547 shares of the textile maker’s stock after selling 289,207 shares during the quarter. Hanesbrands makes up approximately 2.4% of New South Capital Management Inc.’s investment portfolio, making the stock its 12th biggest holding. New South Capital Management Inc. owned about 2.02% of Hanesbrands worth $58,067,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HBI. Smartleaf Asset Management LLC boosted its stake in Hanesbrands by 122.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock valued at $40,000 after acquiring an additional 2,712 shares in the last quarter. WFA Asset Management Corp acquired a new stake in Hanesbrands in the fourth quarter valued at approximately $46,000. GAMMA Investing LLC boosted its stake in 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. Allworth Financial LP boosted its stake in Hanesbrands by 459.2% in the fourth quarter. Allworth Financial LP now owns 8,220 shares of the textile maker’s stock valued at $69,000 after acquiring an additional 6,750 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in Hanesbrands in the third quarter valued at approximately $77,000. 80.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and raised their target price for the company from $9.00 to $11.00 in a research note on Tuesday, November 26th. Barclays lifted their price objective on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $7.00 price objective (down from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7.10.

Hanesbrands Trading Up 1.8 %

Shares of Hanesbrands stock opened at $5.98 on Thursday. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68. The firm has a fifty day moving average price of $7.60 and a 200 day moving average price of $7.49. Hanesbrands Inc. has a 1 year low of $4.40 and a 1 year high of $9.10. The stock has a market cap of $2.11 billion, a PE ratio of -6.49 and a beta of 1.75.

Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The firm had revenue of $888.47 million during the quarter, compared to analysts’ expectations of $899.30 million. Equities research analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Insider Buying and Selling at Hanesbrands

In other news, Director Robert F. Moran acquired 74,850 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was bought at an average price of $6.01 per share, with a total value of $449,848.50. Following the completion of the acquisition, the director now owns 216,373 shares of the company’s stock, valued at approximately $1,300,401.73. This represents a 52.89 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.46% of the stock is owned by corporate insiders.

Hanesbrands 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.