RBF Capital LLC Sells 80,357 Shares of Hanesbrands Inc. (NYSE:HBI)

RBF Capital LLC cut its stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 520,000 shares of the textile maker's stock after selling 80,357 shares during the period. RBF Capital LLC owned about 0.15% of Hanesbrands worth $4,040,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HBI. GeoWealth Management LLC increased its position in Hanesbrands by 2,278.8% during the fourth quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker's stock valued at $28,000 after acquiring an additional 3,327 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Hanesbrands by 122.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock valued at $40,000 after purchasing an additional 2,712 shares during the last quarter. Transce3nd LLC bought a new position in shares of Hanesbrands in the 4th quarter worth approximately $45,000. WFA Asset Management Corp purchased a new position in shares of Hanesbrands in the fourth quarter worth approximately $46,000. Finally, GAMMA Investing LLC grew its position in Hanesbrands by 39.7% during the fourth 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. 80.31% of the stock is owned by institutional investors.

Hanesbrands Stock Up 3.3 %

NYSE HBI opened at $4.49 on Wednesday. The stock's 50-day moving average price is $5.54 and its 200-day moving average price is $7.15. The company has a market capitalization of $1.58 billion, a P/E ratio of -4.87 and a beta of 1.55. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. Hanesbrands Inc. has a 52 week low of $4.02 and a 52 week high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last released its earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The company had revenue of $888.47 million for the quarter, compared to analysts' expectations of $899.30 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. On average, equities research analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Insider Activity at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran acquired 74,850 shares of the stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the transaction, the director now directly owns 216,373 shares of the company's stock, valued at approximately $1,300,401.73. The trade was a 52.89 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus dropped their price target on shares of Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th.

Hanesbrands 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.

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