Hanesbrands Inc. (NYSE:HBI) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP lowered its stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 0.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,400,840 shares of the textile maker's stock after selling 86,998 shares during the quarter. Cooke & Bieler LP owned about 4.36% of Hanesbrands worth $88,863,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GeoWealth Management LLC raised its holdings in Hanesbrands by 2,278.8% in the fourth quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker's stock valued at $28,000 after buying an additional 3,327 shares during the period. CX Institutional purchased a new position in Hanesbrands in the first quarter valued at approximately $34,000. Transce3nd LLC purchased a new position in Hanesbrands in the fourth quarter valued at approximately $45,000. Fifth Third Bancorp raised its holdings in Hanesbrands by 37.8% in the first quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker's stock valued at $48,000 after buying an additional 2,267 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in Hanesbrands in the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 80.31% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on HBI shares. Wells Fargo & Company raised their price target on shares of Hanesbrands from $3.00 to $4.00 and gave the company an "underweight" rating in a report on Wednesday, May 14th. Barclays set a $6.00 price target on shares of Hanesbrands and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Stifel Nicolaus cut their price target 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. UBS Group increased their price objective 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, Wall Street Zen upgraded shares of Hanesbrands from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $5.75.

Hanesbrands Stock Down 0.9%

Shares of HBI stock traded down $0.04 on Friday, hitting $4.52. The stock had a trading volume of 4,169,331 shares, compared to its average volume of 6,733,025. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -5.38 and a beta of 1.47. The stock's 50 day moving average is $4.81 and its 200-day moving average is $5.74. The company has a debt-to-equity ratio of 53.45, a quick ratio of 0.67 and a current ratio of 1.55. Hanesbrands Inc. has a 52-week low of $4.02 and a 52-week high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.04. The firm 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 262.15% and a negative net margin of 8.12%. Hanesbrands's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.02) EPS. As a group, research analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

About Hanesbrands

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.