Hanesbrands Inc. (NYSE:HBI) Shares Sold by Gofen & Glossberg LLC IL

Gofen & Glossberg LLC IL cut its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,898 shares of the textile maker’s stock after selling 2,770 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Hanesbrands were worth $519,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Investors Research Corp boosted its stake in shares of Hanesbrands by 22.2% during the 2nd quarter. Investors Research Corp now owns 3,300 shares of the textile maker’s stock worth $57,000 after acquiring an additional 600 shares in the last quarter. Naples Global Advisors LLC boosted its stake in shares of Hanesbrands by 2.9% during the 2nd quarter. Naples Global Advisors LLC now owns 25,777 shares of the textile maker’s stock worth $444,000 after acquiring an additional 725 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Hanesbrands by 22.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 4,551 shares of the textile maker’s stock worth $78,000 after acquiring an additional 843 shares in the last quarter. Oxbow Advisors LLC boosted its stake in shares of Hanesbrands by 0.5% during the 2nd quarter. Oxbow Advisors LLC now owns 157,848 shares of the textile maker’s stock worth $2,718,000 after acquiring an additional 863 shares in the last quarter. Finally, Shufro Rose & Co. LLC boosted its stake in shares of Hanesbrands by 1.1% during the 2nd quarter. Shufro Rose & Co. LLC now owns 79,623 shares of the textile maker’s stock worth $1,371,000 after acquiring an additional 885 shares in the last quarter. 90.22% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on HBI shares. Citigroup reduced their price objective on Hanesbrands from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. ValuEngine raised Hanesbrands from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Bank of America reduced their price objective on Hanesbrands from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, UBS Group reduced their price objective on Hanesbrands from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $17.56.

In other Hanesbrands news, insider Joia M. Johnson bought 7,100 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average price of $13.97 per share, with a total value of $99,187.00. Following the completion of the transaction, the insider now directly owns 115,830 shares in the company, valued at approximately $1,618,145.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gerald Evans acquired 10,000 shares of Hanesbrands stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average cost of $14.74 per share, with a total value of $147,400.00. Following the transaction, the chief executive officer now owns 1,655,880 shares of the company’s stock, valued at approximately $24,407,671.20. The disclosure for this purchase can be found here. Company insiders own 1.04% of the company’s stock.

Shares of Hanesbrands stock opened at $15.26 on Friday. The stock has a market cap of $5.23 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 1.89 and a beta of 1.17. The business has a fifty day simple moving average of $14.53 and a 200-day simple moving average of $16.18. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 3.56. Hanesbrands Inc. has a 12 month low of $11.57 and a 12 month high of $19.38.

Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, August 1st. The textile maker reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Hanesbrands had a return on equity of 63.57% and a net margin of 8.13%. Hanesbrands’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. Analysts expect that Hanesbrands Inc. will post 1.76 EPS for the current fiscal year.

Hanesbrands Profile

Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.

Read More: Strangles

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.