Gladstone Institutional Advisory LLC Sells 21,775 Shares of Hanesbrands Inc. (NYSE:HBI)

Gladstone Institutional Advisory LLC trimmed its position in shares of Hanesbrands Inc. (NYSE:HBI) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 158,547 shares of the textile maker’s stock after selling 21,775 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Hanesbrands were worth $707,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Alhambra Investment Management LLC bought a new stake in shares of Hanesbrands during the fourth quarter valued at approximately $46,000. Journey Strategic Wealth LLC acquired a new position in Hanesbrands in the third quarter valued at approximately $41,000. Sherbrooke Park Advisers LLC acquired a new position in Hanesbrands in the third quarter valued at approximately $42,000. AXQ Capital LP acquired a new position in Hanesbrands in the third quarter valued at approximately $43,000. Finally, First Trust Direct Indexing L.P. acquired a new position in Hanesbrands in the fourth quarter valued at approximately $48,000. 80.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on HBI. Wedbush increased their price objective on shares of Hanesbrands from $4.50 to $5.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Barclays increased their price objective on shares of Hanesbrands from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Finally, Citigroup increased their target price on shares of Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.00.

Hanesbrands Trading Up 3.1 %

Shares of HBI stock opened at $4.99 on Wednesday. The firm has a fifty day moving average of $5.00 and a 200-day moving average of $4.58. The company has a debt-to-equity ratio of 9.57, a current ratio of 1.59 and a quick ratio of 0.62. Hanesbrands Inc. has a 12-month low of $3.54 and a 12-month high of $5.86.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, May 9th. The textile maker reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.04. Hanesbrands had a negative net margin of 0.42% and a positive return on equity of 9.84%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. The firm’s revenue was down 16.8% compared to the same quarter last year. On average, analysts predict that Hanesbrands Inc. will post 0.45 EPS for the current fiscal year.

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.