Atria Wealth Solutions Inc. Reduces Position in Hanesbrands Inc. $HBI

Atria Wealth Solutions Inc. lessened its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 15.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,399 shares of the textile maker’s stock after selling 3,095 shares during the period. Atria Wealth Solutions Inc.’s holdings in Hanesbrands were worth $95,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its position in Hanesbrands by 28.2% during the 4th quarter. Ameriprise Financial Inc. now owns 9,951,948 shares of the textile maker’s stock worth $81,009,000 after purchasing an additional 2,189,844 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Hanesbrands by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,909,654 shares of the textile maker’s stock worth $56,245,000 after purchasing an additional 171,918 shares during the last quarter. Allianz Asset Management GmbH grew its position in Hanesbrands by 5.4% during the 1st quarter. Allianz Asset Management GmbH now owns 5,571,669 shares of the textile maker’s stock worth $32,149,000 after purchasing an additional 287,752 shares during the last quarter. Northern Trust Corp grew its position in Hanesbrands by 14.4% during the 4th quarter. Northern Trust Corp now owns 4,171,933 shares of the textile maker’s stock worth $33,960,000 after purchasing an additional 524,716 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Hanesbrands by 32.5% in the 4th quarter. Millennium Management LLC now owns 2,793,458 shares of the textile maker’s stock valued at $22,739,000 after acquiring an additional 684,721 shares during the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Performance

HBI opened at $6.44 on Monday. The company has a debt-to-equity ratio of 13.62, a current ratio of 1.52 and a quick ratio of 0.74. The firm has a fifty day moving average price of $4.70 and a 200 day moving average price of $5.25. Hanesbrands Inc. has a 1 year low of $3.96 and a 1 year high of $9.10. The stock has a market cap of $2.28 billion, a P/E ratio of 26.83 and a beta of 1.40.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, August 7th. The textile maker reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The firm had revenue of $991.33 million during the quarter, compared to analysts’ expectations of $971.93 million. During the same period in the previous year, the business posted $0.15 EPS. The business’s revenue was down .4% compared to the same quarter last year. Equities research analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

HBI has been the topic of several recent research reports. UBS Group upped their price objective on shares of Hanesbrands from $8.00 to $9.00 and gave the company a “buy” rating in a report on Friday, August 8th. Wells Fargo & Company raised shares of Hanesbrands from a “strong sell” rating to a “hold” rating and upped their price objective for the company from $5.00 to $6.00 in a report on Thursday. Wall Street Zen raised shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, Barclays set a $6.00 price objective on shares of Hanesbrands and gave the company an “equal weight” rating in a report on Tuesday, May 20th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $6.50.

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.