SG Hanesbrands Americas Securities LLC reduced its holdings in Inc. (NYSE:HBI) by 59.0% during the second quarter, according to its latest filing with the Securities & Exchange Commission. The institutional investor sold 102,620 shares during the period, leaving them with 71,445 shares of the textile maker’s stock. At the end of the second quarter, SG Americas Securities LLC’s stake in Hanesbrands was valued at $324,000.
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Is Hanesbrands Valued Beyond Its Individual Components? Several other hedge funds have also recently traded shares. Spire Wealth Management increased its position in by 409.9% during the first quarter. After purchasing an additional 3,919 shares in the last quarter, Spire Wealth Management now owns 4,875 shares of the textile maker’s stock, valued at $26,000. Versant Capital Management Inc also raised its stake in Hanesbrands by 2,003.1% in the first quarter, owning 6,162 shares worth $32,000 after acquiring an additional 5,869 shares. In the fourth quarter, Harbour Investments Inc.
Hanesbrands
boosted its holdings by 63.2%, owning 6,020 shares worth $38,000 after adding 2,332 shares. Neo Ivy Capital Management initiated a new position in Hanesbrands during the fourth quarter, valued at $50,000. Lastly, Money Concepts Capital Corp increased its Hanesbrands holdings by 91.1% during the fourth quarter, owning 7,944 shares worth $51,000 after acquiring an additional 3,788 shares. Institutional investors now own 87.64% of’ stock.
Hanesbrands Stock Up by 9.9%
On Friday, NYSE:HBI opened at $3.96.Inc. has experienced a one-year low of $3.54 and a one-year high of $8.80. The company has a debt-to-equity ratio of 10.07, a current ratio of 1.67, and a quick ratio of 0.61. boasts a market capitalization of $1.38 billion, a price-to-earnings (PE) ratio of -3.53, and a beta of 1.65. The stock’s 50-day simple moving average is $4.91, while its 200-day simple moving average is $4.74.
Stocks With Low Prices That Still Pay Dividends Hanesbrands (NYSE:HBI) recently reported its quarterly earnings results on Thursday, August 10th. The textile manufacturer posted earnings per share (EPS) of ($0.01) for the quarter, surpassing the consensus estimate of ($0.02) by $0.01. The company recorded revenue of $1.44 billion during the quarter, slightly below the consensus estimate of $1.46 billion. Hanesbrands had a negative net margin of 6.61% but a positive return on equity of 22.89%. The company’s quarterly revenue decreased by 4.7% compared to the previous year. In the same quarter the previous year, the company reported earnings per share of $0.28. On average, research analysts expect Hanesbrands Inc. to report earnings per share of 0.23 for the current year.
Opinions From Wall Street Analysts Several brokerage firms have commented on HBI. StockNews.com downgraded Hanesbrands from a “hold” rating to a “sell” rating in a research note published on Thursday, August 24th. Wedbush reaffirmed a “neutral” rating and set a $5.50 price target on shares of Hanesbrands in a report on Tuesday, August 8th. Two equities research analysts have assigned a “sell” rating to the stock, while five have given it a “hold” rating. According to MarketBeat data, Hanesbrands currently has an average rating of “Hold” and a consensus target price of $5.64.
