WealthTrust Axiom LLC lowered its holdings in Hanesbrands Inc. (NYSE:HBI – Free Report) by 20.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 143,878 shares of the textile maker’s stock after selling 37,072 shares during the quarter. WealthTrust Axiom LLC’s holdings in Hanesbrands were worth $642,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Hanesbrands during the 3rd quarter worth approximately $40,000. Journey Strategic Wealth LLC acquired a new stake in shares of Hanesbrands during the 3rd quarter worth approximately $41,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Hanesbrands during the 3rd quarter worth approximately $42,000. AXQ Capital LP acquired a new stake in shares of Hanesbrands during the 3rd quarter worth approximately $43,000. Finally, Alhambra Investment Management LLC acquired a new stake in shares of Hanesbrands during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 80.31% of the company’s stock.
Hanesbrands Price Performance
Shares of Hanesbrands stock traded up $0.05 during midday trading on Tuesday, hitting $4.57. 4,330,415 shares of the company were exchanged, compared to its average volume of 8,712,470. The company has a debt-to-equity ratio of 7.72, a current ratio of 1.64 and a quick ratio of 0.65. The firm has a market cap of $1.61 billion, a P/E ratio of -90.38 and a beta of 1.58. Hanesbrands Inc. has a 52 week low of $3.54 and a 52 week high of $5.86. The firm has a 50 day simple moving average of $5.13 and a 200-day simple moving average of $4.53.
Analysts Set New Price Targets
Several research firms recently commented on HBI. Citigroup raised their target price on Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Wedbush raised their target price on Hanesbrands from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd.
Check Out Our Latest Research Report on HBI
About Hanesbrands
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.
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