Gofen & Glossberg LLC IL decreased its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 23.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 47,805 shares of the textile maker’s stock after selling 14,800 shares during the period. Gofen & Glossberg LLC IL’s holdings in Hanesbrands were worth $1,000,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sentry Investment Management LLC increased its position in Hanesbrands by 0.4% during the 2nd quarter. Sentry Investment Management LLC now owns 24,878 shares of the textile maker’s stock valued at $576,000 after purchasing an additional 109 shares during the period. QS Investors LLC increased its position in Hanesbrands by 2.8% during the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 140 shares during the period. FTB Advisors Inc. increased its position in Hanesbrands by 1.5% during the 2nd quarter. FTB Advisors Inc. now owns 11,393 shares of the textile maker’s stock valued at $263,000 after purchasing an additional 166 shares during the period. Riverhead Capital Management LLC increased its position in Hanesbrands by 1.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 20,305 shares of the textile maker’s stock valued at $470,000 after purchasing an additional 233 shares during the period. Finally, Flinton Capital Management LLC increased its position in Hanesbrands by 1.1% during the 2nd quarter. Flinton Capital Management LLC now owns 22,596 shares of the textile maker’s stock valued at $523,000 after purchasing an additional 252 shares during the period. 96.67% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have commented on HBI. Deutsche Bank began coverage on shares of Hanesbrands in a research report on Monday, October 23rd. They set a “buy” rating and a $29.00 target price on the stock. Zacks Investment Research raised shares of Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Monday, October 9th. ValuEngine downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Hanesbrands in a research report on Tuesday, September 26th. Finally, TheStreet downgraded shares of Hanesbrands from a “b” rating to a “c+” rating in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. Hanesbrands presently has an average rating of “Hold” and an average price target of $25.63.

Shares of Hanesbrands Inc. (HBI) opened at $22.10 on Wednesday. The firm has a market cap of $8,173.98, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 1.20 and a beta of 0.70. Hanesbrands Inc. has a 12-month low of $18.90 and a 12-month high of $25.73. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.85 and a current ratio of 1.88.

Hanesbrands (NYSE:HBI) last released its earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. Hanesbrands’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 EPS. equities analysts expect that Hanesbrands Inc. will post 1.94 earnings per share for the current year.

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Hanesbrands Profile

Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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