CarsonAllaria Wealth Management Ltd. Sells 13,068 Shares of Hanesbrands Inc. (NYSE:HBI)

CarsonAllaria Wealth Management Ltd. trimmed its position in Hanesbrands Inc. (NYSE:HBI) by 74.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,495 shares of the textile maker’s stock after selling 13,068 shares during the quarter. CarsonAllaria Wealth Management Ltd.’s holdings in Hanesbrands were worth $33,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HBI. Concord Wealth Partners grew its holdings in shares of Hanesbrands by 220.3% during the first quarter. Concord Wealth Partners now owns 5,260 shares of the textile maker’s stock valued at $31,000 after buying an additional 3,618 shares during the last quarter. Tradewinds Capital Management LLC purchased a new position in shares of Hanesbrands in the first quarter worth about $35,000. Rothschild Investment LLC acquired a new stake in shares of Hanesbrands during the second quarter worth about $39,000. Blue Trust Inc. boosted its holdings in shares of Hanesbrands by 42.3% in the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 1,594 shares during the last quarter. Finally, Hollencrest Capital Management purchased a new stake in Hanesbrands in the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Stock Performance

NYSE:HBI traded down $0.30 during mid-day trading on Monday, reaching $7.19. The stock had a trading volume of 2,555,937 shares, compared to its average volume of 7,896,451. The company has a debt-to-equity ratio of 50.06, a quick ratio of 0.86 and a current ratio of 1.46. The business has a 50 day simple moving average of $6.72 and a 200 day simple moving average of $5.63. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of -124.17 and a beta of 1.58. Hanesbrands Inc. has a twelve month low of $3.58 and a twelve month high of $7.57.

Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, August 8th. The textile maker reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. Hanesbrands had a negative net margin of 6.02% and a positive return on equity of 33.23%. The company had revenue of $995.40 million for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the firm earned ($0.01) EPS. The business’s revenue was down 3.8% on a year-over-year basis. On average, analysts expect that Hanesbrands Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

HBI has been the topic of several research analyst reports. UBS Group raised their price objective on Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a report on Tuesday, August 27th. Barclays boosted their price target on shares of Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, Stifel Nicolaus boosted their price objective on shares of Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a report on Monday, August 12th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hanesbrands currently has a consensus rating of “Hold” and an average target price of $5.80.

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.