Camelot Portfolios LLC Has $345,000 Stock Position in Hanesbrands Inc. (NYSE:HBI)

Camelot Portfolios LLC lessened its stake in Hanesbrands Inc. (NYSE:HBI) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,383 shares of the textile maker’s stock after selling 2,407 shares during the quarter. Camelot Portfolios LLC’s holdings in Hanesbrands were worth $345,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Blue Trust Inc. boosted its stake in Hanesbrands by 42.3% in the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after purchasing an additional 1,594 shares during the period. WFA Asset Management Corp bought a new position in shares of Hanesbrands during the fourth quarter worth about $46,000. GAMMA Investing LLC raised 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 last quarter. Whittier Trust Co. acquired a new stake in Hanesbrands in the 3rd quarter valued at approximately $51,000. Finally, Allworth Financial LP lifted its stake in Hanesbrands by 459.2% in the 4th quarter. Allworth Financial LP now owns 8,220 shares of the textile maker’s stock valued at $69,000 after acquiring an additional 6,750 shares in the last quarter. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Price Performance

Shares of HBI opened at $6.16 on Friday. The company has a market cap of $2.17 billion, a price-to-earnings ratio of -6.69 and a beta of 1.63. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. The company’s fifty day simple moving average is $7.91 and its 200 day simple moving average is $7.46. Hanesbrands Inc. has a 1-year low of $4.40 and a 1-year high of $9.10.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on HBI shares. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. Barclays boosted their price target on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $7.00 price objective (down previously from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Hanesbrands presently has an average rating of “Hold” and a consensus price target of $7.10.

Insider Activity

In other Hanesbrands news, Director Robert F. Moran purchased 74,850 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the purchase, the director now owns 216,373 shares in the company, valued at approximately $1,300,401.73. The trade was a 52.89 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.46% of the company’s stock.

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.