Hanesbrands Inc. (NYSE:HBI) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. lowered its holdings in Hanesbrands Inc. (NYSE:HBIFree Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 317,394 shares of the textile maker’s stock after selling 5,957 shares during the quarter. Farmers & Merchants Investments Inc. owned 0.09% of Hanesbrands worth $1,416,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board increased its stake in shares of Hanesbrands by 41.9% in the first quarter. Canada Pension Plan Investment Board now owns 5,010 shares of the textile maker’s stock worth $74,000 after acquiring an additional 1,480 shares during the period. Harbour Investments Inc. grew its position in Hanesbrands by 63.2% during the fourth quarter. Harbour Investments Inc. now owns 6,020 shares of the textile maker’s stock valued at $38,000 after buying an additional 2,332 shares during the period. Money Concepts Capital Corp grew its position in Hanesbrands by 91.1% during the fourth quarter. Money Concepts Capital Corp now owns 7,944 shares of the textile maker’s stock valued at $51,000 after buying an additional 3,788 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Hanesbrands during the third quarter valued at $40,000. Finally, Silvercrest Asset Management Group LLC acquired a new stake in Hanesbrands during the fourth quarter valued at $64,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Stock Down 10.8 %

HBI opened at $5.12 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 1.64 and a debt-to-equity ratio of 7.72. Hanesbrands Inc. has a 52-week low of $3.54 and a 52-week high of $5.86. The firm’s fifty day simple moving average is $5.02 and its two-hundred day simple moving average is $4.42.

Hanesbrands (NYSE:HBIGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The textile maker reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.06). The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Hanesbrands had a negative net margin of 0.31% and a positive return on equity of 5.84%. The business’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 earnings per share. As a group, research analysts predict that Hanesbrands Inc. will post 0.44 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on HBI. Stifel Nicolaus dropped their price target on shares of Hanesbrands from $5.00 to $4.50 and set a “hold” rating on the stock in a research report on Thursday, December 14th. Citigroup dropped their price target on shares of Hanesbrands from $5.00 to $4.50 and set a “neutral” rating on the stock in a research report on Friday, February 16th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hanesbrands presently has an average rating of “Hold” and an average price target of $4.88.

Check Out Our Latest Research Report on Hanesbrands

Hanesbrands Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.