Boyar Asset Management Inc. Has $386,000 Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Boyar Asset Management Inc. lessened its holdings in Hanesbrands Inc. (NYSE:HBI) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,306 shares of the textile maker’s stock after selling 5,732 shares during the quarter. Boyar Asset Management Inc.’s holdings in Hanesbrands were worth $386,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of Hanesbrands by 12.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,749,433 shares of the textile maker’s stock worth $25,642,000 after purchasing an additional 632,865 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Hanesbrands by 3.5% during the first quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker’s stock worth $233,542,000 after acquiring an additional 1,362,140 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Hanesbrands in the first quarter worth approximately $1,093,000. International Assets Investment Management LLC boosted its holdings in Hanesbrands by 6.4% in the fourth quarter. International Assets Investment Management LLC now owns 110,030 shares of the textile maker’s stock valued at $491,000 after acquiring an additional 6,600 shares during the last quarter. Finally, Shell Asset Management Co. increased its position in Hanesbrands by 127.0% during the 1st quarter. Shell Asset Management Co. now owns 20,417 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 11,423 shares during the period. Institutional investors and hedge funds own 80.31% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on HBI. Wedbush restated a “neutral” rating and set a $5.00 target price on shares of Hanesbrands in a research report on Thursday, June 6th. Barclays raised their price objective on shares of Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Stifel Nicolaus boosted their target price on shares of Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a research report on Monday, August 12th. Finally, UBS Group raised their price target on shares of Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, August 27th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.80.

Hanesbrands Price Performance

Shares of HBI opened at $6.32 on Friday. The business’s fifty day moving average is $5.72 and its 200 day moving average is $5.27. Hanesbrands Inc. has a 12-month low of $3.54 and a 12-month high of $6.77. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 50.06. The stock has a market cap of $2.22 billion, a P/E ratio of -105.33 and a beta of 1.57.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, August 8th. The textile maker reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. Hanesbrands had a negative net margin of 6.02% and a positive return on equity of 33.23%. The company had revenue of $995.40 million during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm posted ($0.01) earnings per share. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. Sell-side analysts anticipate that Hanesbrands Inc. will post 0.35 earnings per share for the current fiscal 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.