Hanesbrands Inc. $HBI Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC trimmed its holdings in Hanesbrands Inc. (NYSE:HBI) by 33.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,363 shares of the textile maker’s stock after selling 33,057 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Hanesbrands were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First Horizon Advisors Inc. grew its stake in Hanesbrands by 240.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 6,613 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 4,672 shares in the last quarter. Strs Ohio acquired a new position in shares of Hanesbrands during the 1st quarter worth approximately $38,000. AlphaQuest LLC purchased a new stake in shares of Hanesbrands in the first quarter valued at approximately $44,000. Jefferies Financial Group Inc. acquired a new stake in shares of Hanesbrands in the first quarter valued at approximately $58,000. Finally, Tranquilli Financial Advisor LLC purchased a new position in Hanesbrands during the first quarter worth approximately $58,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Price Performance

Shares of HBI opened at $6.48 on Tuesday. The firm has a 50-day simple moving average of $6.63 and a two-hundred day simple moving average of $5.62. The stock has a market cap of $2.29 billion, a PE ratio of 7.04 and a beta of 1.50. Hanesbrands Inc. has a 1-year low of $3.96 and a 1-year high of $9.10. The company has a debt-to-equity ratio of 4.94, a current ratio of 1.51 and a quick ratio of 0.71.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, November 6th. The textile maker reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Hanesbrands had a return on equity of 129.43% and a net margin of 9.34%.The company had revenue of $891.68 million for the quarter, compared to analysts’ expectations of $905.37 million. During the same period in the previous year, the business posted $0.15 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Citigroup upped their target price on Hanesbrands from $5.50 to $7.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Wall Street Zen raised shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Wells Fargo & Company raised shares of Hanesbrands from a “strong sell” rating to an “equal weight” rating and lifted their target price for the stock from $5.00 to $6.00 in a research note on Thursday, August 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hanesbrands in a report on Wednesday, October 8th. Finally, UBS Group raised their price target on shares of Hanesbrands from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.60.

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.