Allspring Global Investments Holdings LLC Has $743,000 Stock Position in Hanesbrands Inc. (NYSE:HBI)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 36.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 166,539 shares of the textile maker’s stock after selling 94,948 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hanesbrands were worth $743,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC increased its holdings in Hanesbrands by 6.4% in the 4th 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 in the last quarter. Camelot Portfolios LLC increased its holdings in Hanesbrands by 231.0% in the 4th quarter. Camelot Portfolios LLC now owns 52,476 shares of the textile maker’s stock worth $234,000 after purchasing an additional 36,621 shares in the last quarter. Oak Thistle LLC acquired a new position in Hanesbrands in the 4th quarter worth about $78,000. Global Retirement Partners LLC increased its holdings in Hanesbrands by 12.4% in the 4th quarter. Global Retirement Partners LLC now owns 82,428 shares of the textile maker’s stock worth $368,000 after purchasing an additional 9,082 shares in the last quarter. Finally, Alhambra Investment Management LLC acquired a new position in Hanesbrands in the 4th quarter worth about $46,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Trading Down 0.8 %

NYSE HBI opened at $4.86 on Thursday. The business’s 50-day moving average price is $5.12 and its two-hundred day moving average price is $4.51. Hanesbrands Inc. has a 12 month low of $3.54 and a 12 month high of $5.86. The firm has a market capitalization of $1.71 billion, a PE ratio of -97.18 and a beta of 1.58. The company has a current ratio of 1.64, a quick ratio of 0.65 and a debt-to-equity ratio of 7.72.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on HBI shares. Citigroup upped their target price on Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Wedbush upped their price target on Hanesbrands from $4.50 to $5.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $5.00.

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.