Quadrature Capital Ltd Lowers Stake in Hanesbrands Inc. (NYSE:HBI)

Quadrature Capital Ltd decreased its holdings in Hanesbrands Inc. (NYSE:HBI - Free Report) by 67.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,059 shares of the textile maker's stock after selling 129,863 shares during the period. Quadrature Capital Ltd's holdings in Hanesbrands were worth $471,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in Hanesbrands by 42.3% in the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker's stock worth $39,000 after acquiring an additional 1,594 shares during the last quarter. Whittier Trust Co. acquired a new position in shares of Hanesbrands during the 3rd quarter worth approximately $51,000. Rothschild Investment LLC purchased a new position in shares of Hanesbrands during the 2nd quarter worth $39,000. Intech Investment Management LLC purchased a new position in Hanesbrands in the second quarter valued at approximately $51,000. Finally, ERTS Wealth Advisors LLC purchased a new stake in shares of Hanesbrands during the third quarter valued at approximately $76,000. Hedge funds and other institutional investors own 80.31% of the company's stock.

Hanesbrands Stock Up 1.7 %

Shares of NYSE HBI traded up $0.14 during midday trading on Tuesday, reaching $8.51. The company's stock had a trading volume of 2,099,598 shares, compared to its average volume of 7,642,265. The stock has a 50 day simple moving average of $7.74 and a 200-day simple moving average of $6.42. Hanesbrands Inc. has a fifty-two week low of $3.71 and a fifty-two week high of $9.10. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of -12.68 and a beta of 1.63. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 21.50.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, topping 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 business had revenue of $937.10 million during the quarter, compared to analysts' expectations of $936.47 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. Equities research analysts predict that Hanesbrands Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HBI shares. UBS Group raised shares of Hanesbrands from a "neutral" rating to a "buy" rating and lifted their price target for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. Stifel Nicolaus boosted their price target on shares of Hanesbrands from $4.50 to $6.00 and gave the company a "hold" rating in a report on Monday, August 12th. Finally, Barclays lifted their target price on Hanesbrands from $6.00 to $7.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.