Hanesbrands Inc. (NYSE:HBI) Shares Sold by KLCM Advisors Inc.

KLCM Advisors Inc. decreased its holdings in Hanesbrands Inc. (NYSE:HBI) by 36.5% during the 4th quarter, HoldingsChannel reports. The fund owned 1,470,474 shares of the textile maker’s stock after selling 845,465 shares during the quarter. KLCM Advisors Inc.’s holdings in Hanesbrands were worth $6,558,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HBI. Harbour Investments Inc. raised its stake in Hanesbrands by 63.2% during the fourth quarter. Harbour Investments Inc. now owns 6,020 shares of the textile maker’s stock valued at $38,000 after buying an additional 2,332 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Hanesbrands during the 3rd quarter worth approximately $40,000. Journey Strategic Wealth LLC acquired a new stake in shares of Hanesbrands during the 3rd quarter worth approximately $41,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Hanesbrands during the 3rd quarter worth approximately $42,000. Finally, AXQ Capital LP acquired a new stake in shares of Hanesbrands during the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Wall Street Analyst Weigh In

HBI has been the topic of a number of research reports. Wedbush increased their price target on Hanesbrands from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Citigroup increased their price objective on Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.00.

Hanesbrands Stock Down 0.2 %

NYSE HBI traded down $0.01 on Wednesday, reaching $4.68. 12,528,846 shares of the stock traded hands, compared to its average volume of 7,315,576. The firm’s fifty day simple moving average is $5.10 and its 200 day simple moving average is $4.48. The company has a debt-to-equity ratio of 7.72, a quick ratio of 0.65 and a current ratio of 1.64. Hanesbrands Inc. has a 12 month low of $3.54 and a 12 month high of $5.86.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, February 15th. The textile maker reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.06). The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.36 billion. Hanesbrands had a positive return on equity of 5.84% and a negative net margin of 0.31%. The business’s revenue was down 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 earnings per share. On average, analysts predict that Hanesbrands Inc. will post 0.44 EPS for the current fiscal year.

About Hanesbrands

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.