Hanesbrands Inc. (NYSE:HBI) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC lessened its stake in Hanesbrands Inc. (NYSE:HBI - Free Report) by 15.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 633,604 shares of the textile maker's stock after selling 116,499 shares during the period. Moran Wealth Management LLC owned 0.18% of Hanesbrands worth $3,656,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC increased its position in Hanesbrands by 2.2% in the 4th quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker's stock valued at $498,000 after acquiring an additional 1,277 shares during the period. NewEdge Advisors LLC boosted its holdings in Hanesbrands by 4.3% in the 4th quarter. NewEdge Advisors LLC now owns 46,806 shares of the textile maker's stock valued at $381,000 after purchasing an additional 1,944 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in Hanesbrands by 5.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 36,964 shares of the textile maker's stock valued at $301,000 after purchasing an additional 1,973 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in Hanesbrands by 9.4% in the 1st 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, Fifth Third Bancorp boosted its holdings in Hanesbrands by 37.8% in the 1st quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker's stock valued at $48,000 after purchasing an additional 2,267 shares in the last quarter. Institutional investors and hedge funds own 80.31% of the company's stock.

Hanesbrands Price Performance

Shares of Hanesbrands stock traded up $0.03 during trading on Friday, hitting $4.63. 5,733,870 shares of the company were exchanged, compared to its average volume of 6,953,292. The company has a quick ratio of 0.67, a current ratio of 1.55 and a debt-to-equity ratio of 53.45. Hanesbrands Inc. has a fifty-two week low of $4.02 and a fifty-two week high of $9.10. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -5.51 and a beta of 1.52. The firm has a 50 day moving average price of $4.85 and a 200 day moving average price of $6.13.

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 (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 firm had revenue of $760.15 million during the quarter, compared to the consensus estimate of $757.42 million. During the same period in the previous year, the firm posted ($0.02) EPS. The company's quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

HBI has been the topic of a number of analyst reports. UBS Group lifted their price objective on Hanesbrands from $7.00 to $8.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Stifel Nicolaus lowered their price objective on Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company boosted their price target on Hanesbrands from $3.00 to $4.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 14th. Barclays set a $6.00 price target on Hanesbrands and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Finally, Wall Street Zen raised 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 given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus 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.