Camelot Portfolios LLC Has $345,000 Position in Hanesbrands Inc. (NYSE:HBI)

Camelot Portfolios LLC trimmed its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 5.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 42,383 shares of the textile maker’s stock after selling 2,407 shares during the quarter. Camelot Portfolios LLC’s holdings in Hanesbrands were worth $345,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Hanesbrands by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker’s stock valued at $58,183,000 after buying an additional 89,367 shares during the period. Hennessy Advisors Inc. bought a new stake in Hanesbrands during the fourth quarter worth $62,199,000. Allianz Asset Management GmbH boosted its holdings in shares of Hanesbrands by 3.7% in the 4th quarter. Allianz Asset Management GmbH now owns 5,283,917 shares of the textile maker’s stock valued at $43,011,000 after purchasing an additional 189,397 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Hanesbrands by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,382,574 shares of the textile maker’s stock valued at $32,212,000 after purchasing an additional 11,074 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Hanesbrands by 484.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker’s stock worth $15,757,000 after buying an additional 1,776,690 shares in the last quarter. Institutional investors own 80.31% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert F. Moran bought 74,850 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost of $6.01 per share, with a total value of $449,848.50. Following the acquisition, the director now owns 216,373 shares of the company’s stock, valued at $1,300,401.73. This represents a 52.89 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by insiders.

Hanesbrands Price Performance

Hanesbrands stock opened at $6.16 on Friday. The stock has a 50-day moving average price of $7.91 and a two-hundred day moving average price of $7.46. Hanesbrands Inc. has a 12 month low of $4.40 and a 12 month high of $9.10. The company has a market capitalization of $2.17 billion, a PE ratio of -6.69 and a beta of 1.63. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The business had revenue of $888.47 million during the quarter, compared to analyst estimates of $899.30 million. Analysts expect that Hanesbrands Inc. will post 0.53 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Barclays raised their price objective on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and increased their target price for the stock from $9.00 to $11.00 in a report on Tuesday, November 26th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $7.00 price target (down from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.10.

Hanesbrands Company 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.