CAPROCK Group Inc. Lowers Position in Hanesbrands Inc. (HBI)
CAPROCK Group Inc. lowered its position in Hanesbrands Inc. (NYSE:HBI) by 28.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,940 shares of the textile maker’s stock after selling 7,835 shares during the period. CAPROCK Group Inc.’s holdings in Hanesbrands were worth $447,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Archford Capital Strategies LLC grew its holdings in Hanesbrands by 283.4% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock valued at $141,000 after buying an additional 1,247 shares during the last quarter. IHT Wealth Management LLC grew its holdings in Hanesbrands by 101.1% during the 2nd quarter. IHT Wealth Management LLC now owns 2,652 shares of the textile maker’s stock valued at $159,000 after buying an additional 1,333 shares during the last quarter. Engine Capital Management LLC acquired a new stake in Hanesbrands during the 3rd quarter valued at $106,000. QS Investors LLC grew its holdings in Hanesbrands by 2.8% during the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock valued at $118,000 after buying an additional 140 shares during the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in Hanesbrands during the 3rd quarter valued at $138,000. Hedge funds and other institutional investors own 96.67% of the company’s stock.
A number of equities research analysts have commented on HBI shares. Nomura lowered their target price on Hanesbrands from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Oppenheimer reiterated a “buy” rating on shares of Hanesbrands in a report on Wednesday, October 18th. B. Riley reiterated a “buy” rating on shares of Hanesbrands in a report on Thursday, November 2nd. Wells Fargo & Co cut Hanesbrands from an “outperform” rating to a “market perform” rating and set a $23.00 target price on the stock. in a report on Wednesday, October 25th. Finally, Citigroup reiterated a “neutral” rating and set a $23.00 target price on shares of Hanesbrands in a report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $25.63.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the company posted $0.56 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. sell-side analysts expect that Hanesbrands Inc. will post 1.94 earnings per share for the current year.
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Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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