Bard Financial Services Inc. Has $6.86 Million Stake in Hanesbrands Inc. (NYSE:HBI)

Bard Financial Services Inc. reduced its position in shares of Hanesbrands Inc. (NYSE:HBI) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 843,115 shares of the textile maker’s stock after selling 85,300 shares during the quarter. Bard Financial Services Inc.’s holdings in Hanesbrands were worth $6,863,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. FMR LLC lifted its stake in shares of Hanesbrands by 203.5% in the 3rd quarter. FMR LLC now owns 115,833 shares of the textile maker’s stock valued at $851,000 after purchasing an additional 77,669 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Hanesbrands by 481.0% during the 3rd quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker’s stock valued at $3,822,000 after acquiring an additional 430,534 shares during the last quarter. Brandes Investment Partners LP raised its stake in shares of Hanesbrands by 3.9% in the 2nd quarter. Brandes Investment Partners LP now owns 4,834,202 shares of the textile maker’s stock valued at $23,761,000 after acquiring an additional 183,069 shares in the last quarter. Whittier Trust Co. acquired a new stake in Hanesbrands in the 3rd quarter worth approximately $51,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Hanesbrands during the third quarter worth approximately $785,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays lifted their price objective on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hanesbrands has a consensus rating of “Hold” and a consensus target price of $6.90.

Hanesbrands Trading Up 0.5 %

Hanesbrands stock traded up $0.04 during mid-day trading on Monday, hitting $8.28. The stock had a trading volume of 1,610,646 shares, compared to its average volume of 3,311,647. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 21.50. The stock has a market capitalization of $2.92 billion, a PE ratio of -12.55 and a beta of 1.64. The stock has a 50-day simple moving average of $8.17 and a two-hundred day simple moving average of $6.85. Hanesbrands Inc. has a 12 month low of $3.88 and a 12 month high of $9.10.

Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, November 7th. The textile maker reported $0.15 EPS 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 the consensus estimate of $936.47 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Hanesbrands Inc. will post 0.39 EPS for the current 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.