Raymond James & Associates reduced its stake in shares of Hanesbrands Inc. (NYSE:HBI – Free Report) by 5.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 509,755 shares of the textile maker’s stock after selling 27,515 shares during the period. Raymond James & Associates’ holdings in Hanesbrands were worth $2,274,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Harbour Investments Inc. lifted its position in shares of Hanesbrands by 63.2% during the 4th quarter. Harbour Investments Inc. now owns 6,020 shares of the textile maker’s stock valued at $38,000 after buying an additional 2,332 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Hanesbrands in the 3rd quarter worth approximately $40,000. Journey Strategic Wealth LLC bought a new position in Hanesbrands in the 3rd quarter worth approximately $41,000. Sherbrooke Park Advisers LLC bought a new position in Hanesbrands in the 3rd quarter worth approximately $42,000. Finally, AXQ Capital LP bought a new position in Hanesbrands in the 3rd quarter worth approximately $43,000. 80.31% of the stock is owned by hedge funds and other institutional investors.
Hanesbrands Stock Down 0.2 %
NYSE HBI opened at $4.68 on Wednesday. The company has a debt-to-equity ratio of 7.72, a quick ratio of 0.65 and a current ratio of 1.64. The company has a market capitalization of $1.65 billion, a P/E ratio of -93.58 and a beta of 1.58. Hanesbrands Inc. has a one year low of $3.54 and a one year high of $5.86. The stock has a 50 day moving average price of $5.10 and a 200-day moving average price of $4.48.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Citigroup upped their price target on Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Wedbush upped their price target on Hanesbrands from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hanesbrands currently has a consensus rating of “Hold” and a consensus target price of $5.00.
Get Our Latest Research Report on HBI
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.
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