Hanesbrands Inc. (NYSE:HBI) Stock Holdings Lessened by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp cut its stake in shares of Hanesbrands Inc. (NYSE:HBIFree Report) by 24.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,312 shares of the textile maker’s stock after selling 21,285 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Hanesbrands were worth $296,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Evergreen Capital Management LLC increased its stake in Hanesbrands by 11.2% in the 3rd quarter. Evergreen Capital Management LLC now owns 25,070 shares of the textile maker’s stock worth $99,000 after purchasing an additional 2,533 shares in the last quarter. Cerity Partners LLC increased its position in shares of Hanesbrands by 6.7% in the fourth quarter. Cerity Partners LLC now owns 41,310 shares of the textile maker’s stock worth $184,000 after acquiring an additional 2,605 shares in the last quarter. Independent Advisor Alliance raised its holdings in shares of Hanesbrands by 33.4% during the fourth quarter. Independent Advisor Alliance now owns 13,488 shares of the textile maker’s stock valued at $60,000 after acquiring an additional 3,378 shares during the period. Coldstream Capital Management Inc. lifted its position in shares of Hanesbrands by 31.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 16,146 shares of the textile maker’s stock valued at $72,000 after acquiring an additional 3,897 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its stake in Hanesbrands by 30.0% in the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 19,151 shares of the textile maker’s stock worth $85,000 after purchasing an additional 4,414 shares during the period. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays increased their target price on Hanesbrands from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Wedbush reissued a “neutral” rating and issued a $5.00 price objective on shares of Hanesbrands in a research note on Thursday. Finally, Citigroup upped their target price on Hanesbrands from $4.50 to $5.50 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hanesbrands currently has an average rating of “Hold” and an average price target of $5.00.

Read Our Latest Research Report on HBI

Hanesbrands Stock Down 0.9 %

Shares of NYSE:HBI opened at $5.25 on Friday. Hanesbrands Inc. has a 1 year low of $3.54 and a 1 year high of $5.86. The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 9.57. The business has a fifty day simple moving average of $4.90 and a 200 day simple moving average of $4.65.

Hanesbrands (NYSE:HBIGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The textile maker reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.19 billion. Hanesbrands had a positive return on equity of 9.84% and a negative net margin of 0.42%. The business’s quarterly revenue was down 16.8% on a year-over-year basis. During the same period last year, the business earned ($0.06) EPS. On average, equities research analysts expect that Hanesbrands Inc. will post 0.46 EPS for the current fiscal year.

Hanesbrands Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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