Cantor Fitzgerald Investment Advisors L.P. Sells 146,375 Shares of Hanesbrands Inc. (NYSE:HBI)

Cantor Fitzgerald Investment Advisors L.P. decreased its holdings in Hanesbrands Inc. (NYSE:HBI - Free Report) by 52.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 133,263 shares of the textile maker's stock after selling 146,375 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Hanesbrands were worth $769,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HBI. GeoWealth Management LLC lifted its stake in shares of Hanesbrands by 2,278.8% in the fourth quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker's stock worth $28,000 after acquiring an additional 3,327 shares during the period. CX Institutional bought a new stake in Hanesbrands in the 1st quarter valued at about $34,000. Smartleaf Asset Management LLC raised its stake in Hanesbrands by 122.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock worth $40,000 after buying an additional 2,712 shares during the period. Transce3nd LLC bought a new position in Hanesbrands in the fourth quarter worth approximately $45,000. Finally, Fifth Third Bancorp raised its position in shares of Hanesbrands by 37.8% during the first quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker's stock worth $48,000 after purchasing an additional 2,267 shares during the period. 80.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on HBI. Barclays set a $6.00 price objective on shares of Hanesbrands and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Wells Fargo & Company raised their target price on 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. 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 report on Wednesday, April 23rd. Finally, Stifel Nicolaus dropped their price objective on shares of Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $5.75.

Hanesbrands Stock Down 3.6%

Shares of NYSE:HBI opened at $4.43 on Friday. The firm has a fifty day moving average of $4.83 and a 200 day moving average of $6.33. Hanesbrands Inc. has a 52-week low of $4.02 and a 52-week high of $9.10. The company has a debt-to-equity ratio of 53.45, a quick ratio of 0.67 and a current ratio of 1.55. The firm has a market capitalization of $1.56 billion, a PE ratio of -5.27 and a beta of 1.51.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its 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. Hanesbrands had a positive return on equity of 262.15% and a negative net margin of 8.12%. The business had revenue of $760.15 million during the quarter, compared to analyst estimates of $757.42 million. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. Hanesbrands's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Hanesbrands 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.

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