Hanesbrands Inc. (NYSE:HBI) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. lowered its stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 843,115 shares of the textile maker's stock after selling 85,300 shares during the quarter. Bard Financial Services Inc. owned 0.24% of Hanesbrands worth $6,863,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of HBI. Blue Trust Inc. raised its holdings in Hanesbrands by 42.3% in the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker's stock valued at $39,000 after acquiring an additional 1,594 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Hanesbrands in the 2nd quarter valued at $51,000. Whittier Trust Co. purchased a new stake in shares of Hanesbrands during the 3rd quarter worth $51,000. GAMMA Investing LLC grew its stake in shares of Hanesbrands by 39.7% during the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock worth $54,000 after purchasing an additional 1,895 shares in the last quarter. Finally, Drucker Wealth 3.0 LLC acquired a new position in shares of Hanesbrands during the second quarter worth $57,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Stock Performance

Shares of HBI stock traded up $0.05 during mid-day trading on Monday, hitting $8.29. 4,082,405 shares of the stock were exchanged, compared to its average volume of 4,174,668. The stock's fifty day simple moving average is $8.19 and its two-hundred day simple moving average is $6.88. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49. Hanesbrands Inc. has a 12-month low of $3.88 and a 12-month high of $9.10. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of -12.56 and a beta of 1.64.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.04. The firm had revenue of $937.10 million during the quarter, compared to analysts' expectations of $936.47 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The business's revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. On average, analysts forecast that Hanesbrands Inc. will post 0.39 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group raised Hanesbrands from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $9.00 to $11.00 in a report on Tuesday, November 26th. Barclays raised their target price on Hanesbrands from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $6.90.

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.