Cantor Fitzgerald Investment Advisors L.P. Has $769,000 Stake in Hanesbrands Inc. (NYSE:HBI)

Cantor Fitzgerald Investment Advisors L.P. lowered its holdings in Hanesbrands Inc. (NYSE:HBI - Free Report) by 52.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,263 shares of the textile maker's stock after selling 146,375 shares during the period. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Hanesbrands were worth $769,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Hanesbrands by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 40,034,878 shares of the textile maker's stock valued at $325,884,000 after purchasing an additional 421,915 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Hanesbrands by 28.2% in the fourth quarter. Ameriprise Financial Inc. now owns 9,951,948 shares of the textile maker's stock valued at $81,009,000 after purchasing an additional 2,189,844 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hanesbrands by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,909,654 shares of the textile maker's stock valued at $56,245,000 after purchasing an additional 171,918 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Hanesbrands by 60.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,493,266 shares of the textile maker's stock valued at $44,715,000 after purchasing an additional 2,069,315 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Hanesbrands by 147.7% in the fourth quarter. American Century Companies Inc. now owns 5,362,455 shares of the textile maker's stock valued at $43,650,000 after purchasing an additional 3,197,544 shares in the last quarter. Hedge funds and other institutional investors own 80.31% of the company's stock.

Hanesbrands Stock Up 1.1%

Shares of NYSE:HBI traded up $0.05 during midday trading on Monday, hitting $4.48. 5,171,247 shares of the stock were exchanged, compared to its average volume of 6,999,858. 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 company has a market capitalization of $1.58 billion, a PE ratio of -5.33 and a beta of 1.52. Hanesbrands Inc. has a 52-week low of $4.02 and a 52-week high of $9.10. The business's fifty day simple moving average is $4.84 and its two-hundred day simple moving average is $6.24.

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

Analysts Set New Price Targets

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

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.