Bard Financial Services Inc. Lowers Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Bard Financial Services Inc. cut its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 32.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 567,765 shares of the textile maker's stock after selling 275,350 shares during the quarter. Bard Financial Services Inc. owned about 0.16% of Hanesbrands worth $3,276,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HBI. Sanctuary Advisors LLC boosted its holdings in Hanesbrands by 2.2% in the 4th quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker's stock worth $498,000 after buying an additional 1,277 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Hanesbrands by 4.3% in the fourth quarter. NewEdge Advisors LLC now owns 46,806 shares of the textile maker's stock worth $381,000 after acquiring an additional 1,944 shares during the period. Summit Investment Advisors Inc. boosted its holdings in shares of Hanesbrands by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 36,964 shares of the textile maker's stock worth $301,000 after acquiring an additional 1,973 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in shares of Hanesbrands by 9.4% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 26,288 shares of the textile maker's stock valued at $152,000 after purchasing an additional 2,255 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Hanesbrands by 2.3% during the 4th quarter. New York State Common Retirement Fund now owns 109,606 shares of the textile maker's stock valued at $892,000 after purchasing an additional 2,436 shares during the period. Hedge funds and other institutional investors own 80.31% of the company's stock.

Hanesbrands Price Performance

NYSE HBI traded down $0.07 during trading on Thursday, reaching $4.80. The company's stock had a trading volume of 1,475,564 shares, compared to its average volume of 7,053,524. The firm has a fifty day moving average of $4.83 and a 200 day moving average of $6.50. Hanesbrands Inc. has a one year low of $4.02 and a one year high of $9.10. The stock has a market capitalization of $1.69 billion, a PE ratio of -5.22 and a beta of 1.51. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HBI. UBS Group raised their target price on Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Barclays set a $6.00 price target on shares of Hanesbrands and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Wells Fargo & Company raised their price objective on shares of Hanesbrands from $3.00 to $4.00 and gave the company an "underweight" rating in a research report on Wednesday, May 14th. Wall Street Zen raised shares of Hanesbrands from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Stifel Nicolaus cut their price target on shares of Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.75.

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.