Sequoia Financial Advisors LLC Grows Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Sequoia Financial Advisors LLC lifted its position in Hanesbrands Inc. (NYSE:HBI) by 166.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 35,232 shares of the textile maker’s stock after buying an additional 22,026 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Hanesbrands were worth $157,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in Hanesbrands by 6.4% during the fourth quarter. International Assets Investment Management LLC now owns 110,030 shares of the textile maker’s stock worth $491,000 after purchasing an additional 6,600 shares during the period. Camelot Portfolios LLC grew its stake in shares of Hanesbrands by 231.0% in the fourth quarter. Camelot Portfolios LLC now owns 52,476 shares of the textile maker’s stock worth $234,000 after acquiring an additional 36,621 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Hanesbrands during the fourth quarter worth $78,000. Global Retirement Partners LLC raised its stake in shares of Hanesbrands by 12.4% in the fourth quarter. Global Retirement Partners LLC now owns 82,428 shares of the textile maker’s stock valued at $368,000 after acquiring an additional 9,082 shares in the last quarter. Finally, Alhambra Investment Management LLC purchased a new position in Hanesbrands in the fourth quarter valued at $46,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on HBI. Wedbush upped their price target on Hanesbrands from $4.50 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Citigroup raised their target price on shares of Hanesbrands from $4.50 to $5.50 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Four research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.00.

Hanesbrands Stock Down 1.7 %

Shares of NYSE:HBI opened at $4.65 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.65 and a debt-to-equity ratio of 7.72. The firm has a 50 day simple moving average of $5.11 and a 200-day simple moving average of $4.49. The company has a market capitalization of $1.63 billion, a PE ratio of -93.00 and a beta of 1.58. Hanesbrands Inc. has a twelve month low of $3.54 and a twelve month high of $5.86.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, February 15th. The textile maker reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.06). The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Hanesbrands had a negative net margin of 0.31% and a positive return on equity of 5.84%. The firm’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 earnings per share. On average, equities analysts predict that Hanesbrands Inc. will post 0.44 EPS for the current fiscal year.

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.