Oppenheimer & Co. Inc. Has $215,000 Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Oppenheimer & Co. Inc. decreased its stake in shares of Hanesbrands Inc. (NYSE:HBI – Get Rating) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,800 shares of the textile maker’s stock after selling 6,165 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Hanesbrands were worth $215,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HBI. Accurate Wealth Management LLC acquired a new position in shares of Hanesbrands during the 4th quarter worth approximately $31,000. Allworth Financial LP increased its position in shares of Hanesbrands by 108.8% during the 4th quarter. Allworth Financial LP now owns 5,195 shares of the textile maker’s stock worth $33,000 after purchasing an additional 2,707 shares during the last quarter. Ronald Blue Trust Inc. increased its position in shares of Hanesbrands by 189.7% during the 4th quarter. Ronald Blue Trust Inc. now owns 4,815 shares of the textile maker’s stock worth $33,000 after purchasing an additional 3,153 shares during the last quarter. UMB Bank n.a. increased its position in shares of Hanesbrands by 106.8% during the 4th quarter. UMB Bank n.a. now owns 5,998 shares of the textile maker’s stock worth $38,000 after purchasing an additional 3,098 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Hanesbrands by 463.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 5,989 shares of the textile maker’s stock worth $42,000 after purchasing an additional 4,927 shares during the last quarter. Institutional investors and hedge funds own 81.87% of the company’s stock.

Wall Street Analyst Weigh In

HBI has been the subject of several research analyst reports. UBS Group reduced their target price on Hanesbrands from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, March 29th. Citigroup reduced their target price on Hanesbrands from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Friday, February 3rd. Credit Suisse Group reduced their target price on Hanesbrands from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, February 3rd. SpectralCast reiterated a “maintains” rating on shares of Hanesbrands in a research note on Friday, April 28th. Finally, TheStreet downgraded Hanesbrands from a “c” rating to a “d+” rating in a research note on Thursday, February 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hanesbrands has an average rating of “Hold” and a consensus price target of $8.60.

Hanesbrands Stock Performance

HBI opened at $4.06 on Tuesday. The firm has a market cap of $1.42 billion, a P/E ratio of -5.08 and a beta of 1.58. Hanesbrands Inc. has a 52-week low of $4.02 and a 52-week high of $13.17. The company has a debt-to-equity ratio of 10.57, a quick ratio of 0.60 and a current ratio of 1.72. The business’s fifty day moving average is $4.91 and its 200-day moving average is $6.06.

Hanesbrands (NYSE:HBI – Get Rating) last released its earnings results on Wednesday, May 3rd. The textile maker reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. Hanesbrands had a positive return on equity of 38.23% and a negative net margin of 4.64%. Hanesbrands’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS. Sell-side analysts expect that Hanesbrands Inc. will post 0.34 EPS for the current fiscal year.

Hanesbrands Company Profile

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Hanesbrands, Inc engages in the business of designing, manufacturing, sourcing, and selling basic apparel such as T-shirts, bras, panties, shape wear, underwear, socks, and activewear. It operates through the following segments: Innerwear, Activewear, and International. The Innerwear segment includes basic apparel including men’s underwear, women’s panties, children’s underwear, and socks, and intimate apparel such as bras, and shape wear.