Thrivent Financial for Lutherans Lowers Stock Position in Hanesbrands Inc. (NYSE:HBI)

Thrivent Financial for Lutherans cut its holdings in Hanesbrands Inc. (NYSE:HBI) by 2.6% during the third quarter, Holdings Channel reports. The institutional investor owned 596,839 shares of the textile maker’s stock after selling 15,675 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Hanesbrands were worth $4,386,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in Hanesbrands by 42.3% in the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after purchasing an additional 1,594 shares during the period. Whittier Trust Co. bought a new stake in shares of Hanesbrands in the 3rd quarter worth approximately $51,000. Rothschild Investment LLC bought a new position in Hanesbrands during the 2nd quarter valued at approximately $39,000. Intech Investment Management LLC purchased a new position in Hanesbrands during the second quarter valued at $51,000. Finally, ERTS Wealth Advisors LLC purchased a new position in Hanesbrands during the third quarter valued at $76,000. 80.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays raised their price target on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. UBS Group raised their price objective on shares of Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, August 27th. Finally, Stifel Nicolaus increased their price target on shares of Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a report on Monday, August 12th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Hanesbrands Price Performance

NYSE HBI opened at $8.54 on Monday. Hanesbrands Inc. has a one year low of $3.58 and a one year high of $8.70. The stock has a 50-day moving average of $7.37 and a 200 day moving average of $6.12. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of -12.94 and a beta of 1.58.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. The firm had revenue of $937.10 million during the quarter, compared to analysts’ expectations of $936.47 million. During the same period in the previous year, the company earned $0.10 earnings per share. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. On average, sell-side analysts forecast that Hanesbrands Inc. will post 0.39 EPS for the current year.

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.