Hanesbrands Inc. (NYSE:HBI) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. lessened its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 23.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,648 shares of the textile maker’s stock after selling 31,507 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Hanesbrands were worth $587,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its stake in Hanesbrands by 175.7% during the 4th quarter. Hsbc Holdings PLC now owns 276,547 shares of the textile maker’s stock worth $2,283,000 after purchasing an additional 176,238 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Hanesbrands by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker’s stock worth $14,003,000 after acquiring an additional 53,995 shares during the period. Trexquant Investment LP raised its holdings in shares of Hanesbrands by 395.1% during the 4th quarter. Trexquant Investment LP now owns 548,724 shares of the textile maker’s stock worth $4,467,000 after acquiring an additional 437,895 shares during the period. Schroder Investment Management Group purchased a new position in shares of Hanesbrands during the 4th quarter worth $980,000. Finally, Alberta Investment Management Corp raised its holdings in shares of Hanesbrands by 31.4% during the 4th quarter. Alberta Investment Management Corp now owns 398,423 shares of the textile maker’s stock worth $3,243,000 after acquiring an additional 95,177 shares during the period. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Stock Down 4.5%

Shares of HBI opened at $4.57 on Friday. The firm has a market cap of $1.61 billion, a P/E ratio of -4.96 and a beta of 1.51. Hanesbrands Inc. has a 12-month low of $4.02 and a 12-month high of $9.10. The company’s 50-day moving average price is $4.84 and its 200 day moving average price is $6.43. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. The firm had revenue of $760.15 million for the quarter, compared to analyst estimates of $757.42 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. Hanesbrands’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) EPS. On average, sell-side analysts forecast that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

HBI has been the topic of several analyst reports. Barclays set a $6.00 price target on Hanesbrands and gave the stock an “equal weight” rating in a report on Tuesday, May 20th. UBS Group lifted their price target on Hanesbrands from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Wall Street Zen upgraded Hanesbrands from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Wells Fargo & Company lifted 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. Finally, Stifel Nicolaus reduced their price target on Hanesbrands from $7.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.