Choreo LLC Sells 26,591 Shares of Hanesbrands Inc. (NYSE:HBI)

Choreo LLC decreased its position in shares of Hanesbrands Inc. (NYSE:HBI) by 61.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,534 shares of the textile maker’s stock after selling 26,591 shares during the quarter. Choreo LLC’s holdings in Hanesbrands were worth $95,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HBI. NewEdge Advisors LLC boosted its position in Hanesbrands by 4.3% during the fourth quarter. NewEdge Advisors LLC now owns 46,806 shares of the textile maker’s stock valued at $381,000 after acquiring an additional 1,944 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Hanesbrands by 5.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 36,964 shares of the textile maker’s stock valued at $301,000 after purchasing an additional 1,973 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Hanesbrands by 9.4% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 26,288 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 2,255 shares in the last quarter. Fifth Third Bancorp grew its stake in Hanesbrands by 37.8% during the first quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker’s stock worth $48,000 after purchasing an additional 2,267 shares during the period. Finally, Corton Capital Inc. increased its holdings in Hanesbrands by 23.4% in the fourth quarter. Corton Capital Inc. now owns 16,626 shares of the textile maker’s stock worth $135,000 after purchasing an additional 3,151 shares in the last quarter. Institutional investors own 80.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HBI shares. Wells Fargo & Company increased their price target on Hanesbrands from $3.00 to $4.00 and gave the stock an “underweight” rating in a report on Wednesday, May 14th. Barclays set a $6.00 price objective on Hanesbrands and gave the company an “equal weight” rating in a research note on Tuesday, May 20th. Stifel Nicolaus reduced their target price on shares of Hanesbrands from $7.00 to $5.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. Wall Street Zen lowered shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, UBS Group upped their price objective on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Hanesbrands presently has an average rating of “Hold” and an average price target of $5.75.

Hanesbrands Stock Down 0.9%

Hanesbrands stock opened at $4.08 on Friday. The firm has a 50 day moving average price of $4.68 and a 200-day moving average price of $5.57. The company has a quick ratio of 0.67, a current ratio of 1.55 and a debt-to-equity ratio of 53.45. Hanesbrands Inc. has a twelve month low of $4.02 and a twelve month high of $9.10. The company has a market capitalization of $1.44 billion, a P/E ratio of -4.85 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 for the quarter, beating the consensus estimate of $0.03 by $0.04. Hanesbrands had a positive return on equity of 262.15% and a negative net margin of 8.12%. The business had revenue of $760.15 million during the quarter, compared to analyst estimates of $757.42 million. During the same period in the prior year, the company earned ($0.02) earnings per share. Hanesbrands’s revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current year.

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.