Cutter & CO Brokerage Inc. Has $81,000 Stock Position in Hanesbrands Inc. (NYSE:HBI)

Cutter & CO Brokerage Inc. lowered its stake in Hanesbrands Inc. (NYSE:HBI) by 71.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,200 shares of the textile maker’s stock after selling 44,575 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Hanesbrands were worth $81,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. National Bank of Canada FI raised its position in Hanesbrands by 8.8% during the 3rd quarter. National Bank of Canada FI now owns 53,341 shares of the textile maker’s stock worth $203,000 after purchasing an additional 4,300 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Hanesbrands by 4.2% in the third quarter. International Assets Investment Management LLC now owns 103,430 shares of the textile maker’s stock worth $410,000 after acquiring an additional 4,196 shares during the period. SG Americas Securities LLC boosted its holdings in Hanesbrands by 169.8% in the third quarter. SG Americas Securities LLC now owns 192,748 shares of the textile maker’s stock valued at $763,000 after acquiring an additional 121,303 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Hanesbrands during the 3rd quarter valued at approximately $132,000. Finally, Commonwealth Equity Services LLC raised its holdings in Hanesbrands by 2.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 447,266 shares of the textile maker’s stock worth $1,771,000 after purchasing an additional 10,272 shares during the last quarter. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Price Performance

Shares of HBI traded down $0.06 during midday trading on Wednesday, reaching $4.84. The stock had a trading volume of 4,304,069 shares, compared to its average volume of 8,847,097. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -97.38 and a beta of 1.58. Hanesbrands Inc. has a 12-month low of $3.54 and a 12-month high of $5.86. The company’s 50-day moving average is $5.12 and its 200 day moving average is $4.51. The company has a current ratio of 1.64, a quick ratio of 0.65 and a debt-to-equity ratio of 7.72.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, February 15th. The textile maker reported $0.03 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.06). Hanesbrands had a positive return on equity of 5.84% and a negative net margin of 0.31%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company posted $0.07 earnings per share. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. On average, equities analysts predict that Hanesbrands Inc. will post 0.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HBI. Wedbush increased their price objective on shares of Hanesbrands from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Citigroup upped their target price on Hanesbrands from $4.50 to $5.50 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.00.

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.