Boyar Asset Management Inc. Sells 5,732 Shares of Hanesbrands Inc. (NYSE:HBI)

Boyar Asset Management Inc. trimmed its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 6.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,306 shares of the textile maker’s stock after selling 5,732 shares during the period. Boyar Asset Management Inc.’s holdings in Hanesbrands were worth $386,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Hanesbrands by 12.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,749,433 shares of the textile maker’s stock worth $25,642,000 after purchasing an additional 632,865 shares during the period. Vanguard Group Inc. grew its holdings in Hanesbrands by 3.5% during the first quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker’s stock valued at $233,542,000 after purchasing an additional 1,362,140 shares during the period. GSA Capital Partners LLP purchased a new stake in Hanesbrands in the first quarter worth $1,093,000. International Assets Investment Management LLC raised its stake in shares of Hanesbrands by 6.4% in the fourth quarter. International Assets Investment Management LLC now owns 110,030 shares of the textile maker’s stock valued at $491,000 after buying an additional 6,600 shares during the period. Finally, Shell Asset Management Co. raised its stake in shares of Hanesbrands by 127.0% in the first quarter. Shell Asset Management Co. now owns 20,417 shares of the textile maker’s stock valued at $118,000 after buying an additional 11,423 shares during the period. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Hanesbrands Price Performance

Hanesbrands stock opened at $6.32 on Friday. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of -105.33 and a beta of 1.57. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 50.06. The business has a 50-day simple moving average of $5.72 and a 200 day simple moving average of $5.27. Hanesbrands Inc. has a 52 week low of $3.54 and a 52 week high of $6.77.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. The company had revenue of $995.40 million during the quarter, compared to analyst estimates of $1.35 billion. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. Hanesbrands’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. On average, research analysts forecast that Hanesbrands Inc. will post 0.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays lifted their price objective on Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Stifel Nicolaus raised their price objective on shares of Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a report on Monday, August 12th. UBS Group lifted their price objective on shares of Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, August 27th. Finally, Wedbush restated a “neutral” rating and set a $5.00 target price on shares of Hanesbrands in a research report on Thursday, June 6th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.80.

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.