Inspire Advisors LLC Has $141,000 Stake in Hanesbrands Inc. (NYSE:HBI)

Inspire Advisors LLC lessened its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 19.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,521 shares of the textile maker’s stock after selling 5,918 shares during the period. Inspire Advisors LLC’s holdings in Hanesbrands were worth $141,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in shares of Hanesbrands by 4.3% in the fourth quarter. NewEdge Advisors LLC now owns 46,806 shares of the textile maker’s stock valued at $381,000 after purchasing an additional 1,944 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Hanesbrands by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 36,964 shares of the textile maker’s stock valued at $301,000 after acquiring an additional 1,973 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Hanesbrands by 9.4% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 26,288 shares of the textile maker’s stock valued at $152,000 after acquiring an additional 2,255 shares during the period. Fifth Third Bancorp boosted its position in shares of Hanesbrands by 37.8% in the first quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker’s stock valued at $48,000 after acquiring an additional 2,267 shares during the period. Finally, Corton Capital Inc. raised its stake in Hanesbrands by 23.4% in the fourth quarter. Corton Capital Inc. now owns 16,626 shares of the textile maker’s stock valued at $135,000 after purchasing an additional 3,151 shares in the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Trading Down 3.9%

Shares of HBI opened at $4.33 on Wednesday. The company has a debt-to-equity ratio of 53.45, a current ratio of 1.55 and a quick ratio of 0.67. Hanesbrands Inc. has a 1 year low of $4.02 and a 1 year high of $9.10. The company has a 50 day simple moving average of $4.70 and a two-hundred day simple moving average of $5.58. The firm has a market cap of $1.53 billion, a P/E ratio of -5.15 and a beta of 1.47.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $760.15 million during the quarter, compared to analyst estimates of $757.42 million. Hanesbrands had a negative net margin of 8.12% and a positive return on equity of 262.15%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted ($0.02) EPS. On average, equities analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays set a $6.00 target price on shares of Hanesbrands and gave the stock an “equal weight” rating in a research note on Tuesday, May 20th. Wall Street Zen cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company upped their price target on shares of Hanesbrands from $3.00 to $4.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 14th. UBS Group boosted their target price on Hanesbrands from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Finally, Stifel Nicolaus reduced their price target on shares of Hanesbrands from $7.00 to $5.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.75.

Hanesbrands 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.