Hanesbrands Inc. (NYSE:HBI) Stock Holdings Lessened by Cwm LLC

Cwm LLC trimmed its stake in Hanesbrands Inc. (NYSE:HBI) by 33.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 14,546 shares of the textile maker’s stock after selling 7,162 shares during the quarter. Cwm LLC’s holdings in Hanesbrands were worth $65,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Diamond Hill Capital Management Inc. lifted its position in shares of Hanesbrands by 4.0% in the third quarter. Diamond Hill Capital Management Inc. now owns 4,437,284 shares of the textile maker’s stock worth $17,572,000 after purchasing an additional 169,552 shares in the last quarter. Brandes Investment Partners LP lifted its position in shares of Hanesbrands by 21.7% in the third quarter. Brandes Investment Partners LP now owns 3,874,803 shares of the textile maker’s stock worth $15,344,000 after purchasing an additional 691,149 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Hanesbrands by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,866,694 shares of the textile maker’s stock worth $15,312,000 after purchasing an additional 209,214 shares in the last quarter. KLCM Advisors Inc. lifted its position in shares of Hanesbrands by 7.2% in the third quarter. KLCM Advisors Inc. now owns 2,315,939 shares of the textile maker’s stock worth $9,171,000 after purchasing an additional 155,740 shares in the last quarter. Finally, Morningstar Investment Services LLC lifted its position in shares of Hanesbrands by 0.4% in the third quarter. Morningstar Investment Services LLC now owns 2,221,687 shares of the textile maker’s stock worth $8,798,000 after purchasing an additional 9,443 shares in the last quarter. 80.31% of the stock is owned by hedge funds and other institutional investors.

Hanesbrands Price Performance

Shares of HBI opened at $4.45 on Thursday. The firm has a market cap of $1.56 billion, a PE ratio of -88.98 and a beta of 1.62. The firm’s 50 day moving average price is $5.09 and its 200 day moving average price is $4.54. The company has a debt-to-equity ratio of 7.72, a quick ratio of 0.65 and a current ratio of 1.64. Hanesbrands Inc. has a twelve month low of $3.54 and a twelve month high of $5.86.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data 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 business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.36 billion. Hanesbrands had a negative net margin of 0.31% and a positive return on equity of 5.84%. Hanesbrands’s revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. As a group, research analysts expect that Hanesbrands Inc. will post 0.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HBI. Wedbush increased their price target on shares of Hanesbrands from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Citigroup raised their price objective on shares of Hanesbrands from $4.50 to $5.50 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd.

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.