November 28, 2016 - By Adrian Mccoy · 0 Comments
Hanesbrands Inc (NYSE:HBI) institutional sentiment decreased to 1 in Q2 2016. Its down -0.04, from 1.04 in 2016Q1. The ratio worsened, as 236 hedge funds started new or increased stock positions, while 227 decreased and sold equity positions in Hanesbrands Inc. The hedge funds in our partner’s database reported: 331.36 million shares, up from 316.18 million shares in 2016Q1. Also, the number of hedge funds holding Hanesbrands Inc in their top 10 stock positions decreased from 7 to 6 for a decrease of 1. Sold All: 55 Reduced: 172 Increased: 177 New Position: 59.
Hanesbrands Inc. is a manufacturer and marketer of apparels. The company has a market cap of $9.19 billion. The Firm operates through four divisions: Innerwear, Activewear, Direct to Consumer and International. It has a 18.85 P/E ratio. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports.
The stock decreased 0.33% or $0.08 on November 25, hitting $24.4. Hanesbrands Inc. (NYSE:HBI) has declined 11.88% since April 25, 2016 and is downtrending. It has underperformed by 17.90% the S&P500.
Analysts await Hanesbrands Inc. (NYSE:HBI) to report earnings on February, 2. They expect $0.58 EPS, up 31.82% or $0.14 from last year’s $0.44 per share. HBI’s profit will be $218.45 million for 10.52 P/E if the $0.58 EPS becomes a reality. After $0.56 actual EPS reported by Hanesbrands Inc. for the previous quarter, Wall Street now forecasts 3.57% EPS growth.
According to Zacks Investment Research, “Hanesbrands Inc. is a leading marketer of innerwear, outerwear and hosiery apparel under strong consumer brands, including Hanes, Champion, Playtex, Bali, Just My Size, barely there and Wonderbra. The company designs, manufactures, sources and sells T-shirts, bras, panties, men’s underwear, children’s underwear, socks, hosiery, casual wear and active wear. Hanesbrands Inc. is a world-class consumer goods company with more than a century of history and a portfolio of leading apparel essentials brands including Hanes, Champion, Playtex, Bali, L’eggs, Just My Size, Barely There and Wonderbra. Hanesbrands sells high-volume apparel essentials such as T-shirts, bras, panties, men’s underwear, kids’ underwear, socks, hosiery, casualwear and activewear.”
Chieftain Capital Management Inc. holds 15.9% of its portfolio in Hanesbrands Inc. for 12.03 million shares. Bluespruce Investments Lp owns 626,320 shares or 6.32% of their US portfolio. Moreover, Suncoast Equity Management has 4.05% invested in the company for 516,090 shares. The Pennsylvania-based Muhlenkamp & Co Inc has invested 3.92% in the stock. Southernsun Asset Management Llc, a Tennessee-based fund reported 4.76 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 2 sales for $81,590 net activity.
Ratings analysis reveals 83% of Hanesbrands’s analysts are positive. Out of 12 Wall Street analysts rating Hanesbrands, 10 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $30 while the high is $42. The stock’s average target of $34.09 is 39.71% above today’s ($24.4) share price. HBI was included in 20 notes of analysts from September 17, 2015. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Outperform” rating by Wells Fargo on Thursday, October 22. The firm earned “Market Perform” rating on Wednesday, October 12 by Cowen & Co. The company was initiated on Friday, October 16 by Oppenheimer. The company was upgraded on Monday, January 11 by Nomura. The company was maintained on Thursday, August 4 by Citigroup. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Conviction Buy” rating by Goldman Sachs on Friday, December 4. The firm has “Buy” rating by UBS given on Friday, February 5. Goldman Sachs upgraded the shares of HBI in a report on Thursday, September 17 to “Buy” rating. The stock of Hanesbrands Inc. (NYSE:HBI) has “Neutral” rating given on Monday, October 26 by DA Davidson.
Hanesbrands Inc., incorporated on October 30, 2005, is a maker and marketer of apparels. The Firm operates through four divisions: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports. The Company’s Hanes brand offers various products, including men’s, women’s and children’s underwear, bras, socks, T-shirts, fleece, shape wear and sheer hosiery. The Company’s Champion brand offers athletic apparel, including sports bras, team uniforms, and gym essentials, such as T-shirts, mesh shorts and fleece hoodies.
More news for Hanesbrands Inc. (NYSE:HBI) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Standard Motor Products, HanesBrands and Kroger” on November 08, 2016. Equitiesfocus.com‘s article titled: “Hanesbrands Inc. (NYSE:HBI) PEG Ratio At 1.14” and published on November 28, 2016 is yet another important article.
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By Adrian Mccoy