Alaska Permanent Fund Corp Sells 84,100 Shares of Hanesbrands Inc. (NYSE:HBI)

Alaska Permanent Fund Corp reduced its position in shares of Hanesbrands Inc. (NYSE:HBI) by 16.7% in the fourth quarter, Holdings Channel reports. The firm owned 420,500 shares of the textile maker’s stock after selling 84,100 shares during the period. Alaska Permanent Fund Corp’s holdings in Hanesbrands were worth $1,875,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Bank of Canada FI raised its position in Hanesbrands by 8.8% during the third quarter. National Bank of Canada FI now owns 53,341 shares of the textile maker’s stock valued at $203,000 after purchasing an additional 4,300 shares in the last quarter. SG Americas Securities LLC boosted its stake in Hanesbrands by 169.8% in the third quarter. SG Americas Securities LLC now owns 192,748 shares of the textile maker’s stock worth $763,000 after buying an additional 121,303 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Hanesbrands by 2.4% during the third quarter. Commonwealth Equity Services LLC now owns 447,266 shares of the textile maker’s stock valued at $1,771,000 after acquiring an additional 10,272 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Hanesbrands by 5.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 141,844 shares of the textile maker’s stock worth $562,000 after acquiring an additional 7,177 shares in the last quarter. Finally, Xponance Inc. boosted its stake in shares of Hanesbrands by 61.7% in the 3rd quarter. Xponance Inc. now owns 33,952 shares of the textile maker’s stock valued at $134,000 after purchasing an additional 12,954 shares in the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hanesbrands Price Performance

Shares of HBI opened at $4.50 on Friday. Hanesbrands Inc. has a twelve month low of $3.54 and a twelve month high of $5.86. The company has a market capitalization of $1.58 billion, a P/E ratio of -89.28 and a beta of 1.58. The firm has a 50 day moving average of $5.12 and a 200 day moving average of $4.51. The company has a quick ratio of 0.65, a current ratio of 1.64 and a debt-to-equity ratio of 7.72.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, February 15th. The textile maker reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.36 billion. Hanesbrands had a positive return on equity of 5.84% and a negative net margin of 0.31%. The firm’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 EPS. As a group, equities research analysts anticipate that Hanesbrands Inc. will post 0.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HBI has been the topic of a number of recent research reports. Citigroup raised their price objective on Hanesbrands from $4.50 to $5.50 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Wedbush boosted their price objective on Hanesbrands from $4.50 to $5.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.00.

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.