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

Bard Financial Services Inc. decreased its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 32.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 567,765 shares of the textile maker's stock after selling 275,350 shares during the period. Bard Financial Services Inc. owned approximately 0.16% of Hanesbrands worth $3,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HBI. Choreo LLC grew its position in Hanesbrands by 105.7% during the 4th quarter. Choreo LLC now owns 43,125 shares of the textile maker's stock worth $350,000 after purchasing an additional 22,160 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in Hanesbrands by 31.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 23,250 shares of the textile maker's stock worth $189,000 after buying an additional 5,540 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Hanesbrands during the 4th quarter worth approximately $473,000. Bonfire Financial purchased a new stake in Hanesbrands in the 4th quarter valued at $90,000. Finally, Rhumbline Advisers grew its holdings in Hanesbrands by 1.5% in the 4th quarter. Rhumbline Advisers now owns 1,026,149 shares of the textile maker's stock valued at $8,353,000 after buying an additional 15,033 shares in the last quarter. 80.31% of the stock is owned by institutional investors and hedge funds.

Hanesbrands Stock Performance

Shares of HBI traded down $0.21 during mid-day trading on Friday, hitting $4.57. 3,585,046 shares of the company's stock were exchanged, compared to its average volume of 7,046,787. Hanesbrands Inc. has a fifty-two week low of $4.02 and a fifty-two week high of $9.10. The firm has a market capitalization of $1.61 billion, a P/E ratio of -4.96 and a beta of 1.51. The business's 50 day moving average is $4.84 and its two-hundred day moving average is $6.43. 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 posted its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $760.15 million during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.02) earnings per share. On average, equities analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

HBI has been the topic of several analyst reports. UBS Group lifted their price target on shares of Hanesbrands from $7.00 to $8.00 and gave the company a "buy" rating in a research report 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 research note on Tuesday, May 20th. Wall Street Zen upgraded shares of Hanesbrands from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Wells Fargo & Company boosted their target price on shares of Hanesbrands from $3.00 to $4.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 14th. Finally, Stifel Nicolaus decreased their price objective 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. One 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.