International Assets Investment Management LLC Reduces Position in Hanesbrands Inc. (NYSE:HBI)

International Assets Investment Management LLC lessened its stake in Hanesbrands Inc. (NYSE:HBI - Free Report) by 97.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,728 shares of the textile maker's stock after selling 507,309 shares during the period. International Assets Investment Management LLC's holdings in Hanesbrands were worth $102,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of 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 purchasing an additional 1,594 shares in the last quarter. GAMMA Investing LLC boosted its position in Hanesbrands by 39.7% in the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock valued at $54,000 after buying an additional 1,895 shares during the period. Whittier Trust Co. acquired a new position in shares of Hanesbrands in the third quarter worth $51,000. Intech Investment Management LLC purchased a new stake in shares of Hanesbrands during the second quarter worth $51,000. Finally, ERTS Wealth Advisors LLC acquired a new stake in shares of Hanesbrands in the third quarter valued at $76,000. Hedge funds and other institutional investors own 80.31% of the company's stock.

Hanesbrands Stock Up 0.7 %

NYSE HBI traded up $0.06 during trading on Wednesday, reaching $8.55. 3,014,137 shares of the company's stock were exchanged, compared to its average volume of 4,440,546. The company has a 50 day moving average price of $8.33 and a two-hundred day moving average price of $7.03. The stock has a market cap of $3.01 billion, a P/E ratio of -12.95 and a beta of 1.64. Hanesbrands Inc. has a 1 year low of $3.88 and a 1 year high of $9.10. 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 (NYSE:HBI - Get Free Report) last announced its quarterly 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. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The firm had revenue of $937.10 million during the quarter, compared to the consensus estimate of $936.47 million. During the same period in the prior year, the company posted $0.10 earnings per share. The firm's quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that Hanesbrands Inc. will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays boosted their target price on Hanesbrands from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. UBS Group raised Hanesbrands from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Hanesbrands currently has an average rating of "Hold" and a consensus target price of $6.90.

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.