Hanesbrands Inc. (NYSE:HBI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in Hanesbrands Inc. (NYSE:HBI) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,895 shares of the textile maker’s stock after selling 4,890 shares during the period. Mutual of America Capital Management LLC’s holdings in Hanesbrands were worth $389,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Natixis Advisors LLC purchased a new position in Hanesbrands in the third quarter valued at about $248,000. Aigen Investment Management LP acquired a new position in Hanesbrands in the third quarter worth about $652,000. Wealth Enhancement Advisory Services LLC increased its holdings in Hanesbrands by 8.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 115,226 shares of the textile maker’s stock valued at $847,000 after buying an additional 9,457 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Hanesbrands by 481.0% in the third quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker’s stock worth $3,822,000 after purchasing an additional 430,534 shares during the period. Finally, Whittier Trust Co. bought a new position in Hanesbrands in the third quarter worth about $51,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HBI shares. Stifel Nicolaus raised their price target on shares of Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a research note on Monday, August 12th. UBS Group upgraded Hanesbrands from a “neutral” rating to a “buy” rating and upped their target price for the stock from $9.00 to $11.00 in a research report on Tuesday. Finally, Barclays lifted their price target on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.90.

Hanesbrands Stock Down 1.1 %

NYSE HBI opened at $8.75 on Thursday. Hanesbrands Inc. has a 12 month low of $3.58 and a 12 month high of $9.10. The company’s 50 day simple moving average is $7.45 and its 200 day simple moving average is $6.19. The company has a market capitalization of $3.08 billion, a P/E ratio of -13.23 and a beta of 1.58. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $937.10 million for the quarter, compared to analyst estimates of $936.47 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. The firm’s revenue was down 2.5% compared to the same quarter last year. Equities research analysts expect that Hanesbrands Inc. will post 0.39 earnings per share for the current fiscal year.

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.