Amalgamated Bank sells 1,764 shares of Hanesbrands Inc. (NYSE:HBI)

Amalgamated Bank trimmed its holdings in shares of Hanesbrands Inc. (NYSE:HBI – Free Report) by 1.6% in the second quarter, Holdings Channel reports. The fund owned 107,544 shares of the textile maker’s stock after selling 1,764 shares during the period. Amalgamated Bank’s holdings in Hanesbrands were worth $530,000 at the end of the most recent reporting period.

A number of other hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Hanesbrands by 12.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,749,433 shares of the textile maker’s stock valued at $25,642,000 after purchasing an additional 632,865 shares in the last quarter. Vanguard Group Inc. boosted its position in Hanesbrands by 3.5% in 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 in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Hanesbrands in the first quarter valued at $1,093,000. 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 purchasing an additional 11,423 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Hanesbrands by 212.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 409,468 shares of the textile maker’s stock worth $2,375,000 after purchasing an additional 278,383 shares during the period. 80.31% of shares are currently owned by institutional investors.

The Wall Street analyst weighs in

A number of research analysts recently weighed in on the company. Wedbush reissued a “neutral” rating and issued a $5.00 price target on shares of Hanesbrands in a research note on Thursday, June 6th. Barclays upped their target price on Hanesbrands from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Stifel Nicolaus boosted their price target on Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a research note on Monday, August 12th. Finally, UBS Group boosted their price target on Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, August 27th. Six equities research analysts have rated the stock with a hold rating. The company presently has a consensus rating of “Hold” and a consensus price target of $5.80, based on data from MarketBeat.com.

Read the latest stock analysis on Hanesbrands

Hanesbrands stock performance

Shares of Hanesbrands stock opened at $7.28 on Monday. The company has a market cap of $2.56 billion, a PE ratio of -121.33 and a beta of 1.57. Hanesbrands Inc. has a 12-month low of $3.55 and a 12-month high of $7.31. The company has a current ratio of 1.46, a quick ratio of 0.86, and a debt-to-equity ratio of 50.06. The stock’s fifty-day simple moving average is $6.24, and its 200-day simple moving average is $5.43.

Hanesbrands (NYSE:HBI – Get Free Report ) last posted its quarterly earnings results on Thursday, August 8th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. The firm had revenue of $995.40 million for the quarter, compared to the consensus estimate of $1.35 billion. In the same quarter last year, the business posted ($0.01) EPS. The company’s revenue for the quarter was down 3.8% year over year. On average, research analysts predict that Hanesbrands Inc. will show 0.35 EPS for the current year.

Hanesbrands profile

(Free report)

Hanesbrands Inc, a consumer goods company, designs, manufactures, supplies and sells a range of men’s, women’s and children’s innerwear in the Americas, Europe, Asia Pacific and internationally. The company operates through three segments: Innerwear, Activewear and International.

Further reading

Want to see what other hedge funds HBI owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Hanesbrands Inc. (NYSE:HBI – Free Report).

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