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BNP Paribas Financial Markets Has $3.41 Million Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Hanesbrands logo with Consumer Discretionary background

BNP Paribas Financial Markets reduced its stake in Hanesbrands Inc. (NYSE:HBI - Free Report) by 43.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 418,954 shares of the textile maker's stock after selling 323,360 shares during the period. BNP Paribas Financial Markets owned 0.12% of Hanesbrands worth $3,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Hanesbrands by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 40,034,878 shares of the textile maker's stock worth $325,884,000 after acquiring an additional 421,915 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Hanesbrands by 28.2% in the 4th quarter. Ameriprise Financial Inc. now owns 9,951,948 shares of the textile maker's stock worth $81,009,000 after acquiring an additional 2,189,844 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Hanesbrands in the 4th quarter worth approximately $62,199,000. Dimensional Fund Advisors LP lifted its stake in shares of Hanesbrands by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,909,654 shares of the textile maker's stock worth $56,245,000 after acquiring an additional 171,918 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Hanesbrands by 60.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,493,266 shares of the textile maker's stock worth $44,715,000 after acquiring an additional 2,069,315 shares during the period. 80.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HBI shares. Wells Fargo & Company upped their price target on shares of Hanesbrands from $3.00 to $4.00 and gave the stock an "underweight" rating in a research note on Wednesday. Stifel Nicolaus cut their target price on shares of Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. UBS Group increased their target price on shares of Hanesbrands from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, Barclays set a $5.00 target price on shares of Hanesbrands and gave the company a "cautious" rating in a research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Hanesbrands has an average rating of "Hold" and a consensus price target of $5.40.

Read Our Latest Report on Hanesbrands

Hanesbrands Price Performance

HBI stock traded up $0.11 on Friday, hitting $5.35. 6,121,842 shares of the company's stock traded hands, compared to its average volume of 7,162,711. Hanesbrands Inc. has a 1-year low of $4.02 and a 1-year high of $9.10. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -5.81 and a beta of 1.50. The stock has a fifty day moving average of $5.11 and a 200-day moving average of $6.85. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. The business had revenue of $760.15 million during the quarter, compared to the consensus estimate of $757.42 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.02) EPS. On average, analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Insider Activity at Hanesbrands

In related news, Director Robert F. Moran acquired 74,850 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the purchase, the director now owns 216,373 shares in the company, valued at $1,300,401.73. This represents a 52.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by insiders.

About Hanesbrands

(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.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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