New South Capital Management Inc. Sells 84,908 Shares of Hanesbrands Inc. (NYSE:HBI)

New South Capital Management Inc. cut its position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,422,754 shares of the textile maker's stock after selling 84,908 shares during the quarter. Hanesbrands makes up about 2.2% of New South Capital Management Inc.'s investment portfolio, making the stock its 18th largest position. New South Capital Management Inc. owned 2.11% of Hanesbrands worth $54,557,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. lifted its position 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 acquiring an additional 1,594 shares in the last quarter. Whittier Trust Co. purchased a new position in Hanesbrands in the 3rd quarter valued at about $51,000. Rothschild Investment LLC acquired a new stake in Hanesbrands in the 2nd quarter valued at about $39,000. Intech Investment Management LLC acquired a new stake in Hanesbrands in the 2nd quarter valued at approximately $51,000. Finally, Norden Group LLC purchased a new position in Hanesbrands in the 1st quarter valued at approximately $60,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Hanesbrands Trading Up 1.0 %

Shares of HBI stock traded up $0.08 during mid-day trading on Tuesday, hitting $7.98. The company's stock had a trading volume of 6,620,063 shares, compared to its average volume of 7,816,292. The company has a market cap of $2.81 billion, a PE ratio of -11.95 and a beta of 1.58. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.86 and a current ratio of 1.49. The company's fifty day simple moving average is $7.04 and its 200-day simple moving average is $5.90. Hanesbrands Inc. has a 52 week low of $3.58 and a 52 week high of $8.70.

Hanesbrands (NYSE:HBI - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.04. The business had revenue of $937.10 million for the quarter, compared to the consensus estimate of $936.47 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The company's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. As a group, equities research analysts expect that Hanesbrands Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HBI. Stifel Nicolaus raised their target price on shares of Hanesbrands from $4.50 to $6.00 and gave the company a "hold" rating in a research note on Monday, August 12th. UBS Group increased their target price on Hanesbrands from $5.00 to $6.50 and gave the company a "neutral" rating in a research note on Tuesday, August 27th. Finally, Barclays raised their price target on Hanesbrands from $6.00 to $7.00 and gave the company an "equal weight" rating in a report on Monday. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $6.00.

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.