Wealth Enhancement Advisory Services LLC Has $281,000 Holdings in Hanesbrands Inc. (NYSE:HBI)

Wealth Enhancement Advisory Services LLC lessened its stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 57.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,710 shares of the textile maker's stock after selling 66,583 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Hanesbrands were worth $281,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GeoWealth Management LLC grew 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 last quarter. Smartleaf Asset Management LLC grew its stake in shares of Hanesbrands by 122.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock worth $40,000 after acquiring an additional 2,712 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of Hanesbrands in the fourth quarter worth $45,000. CX Institutional acquired a new stake in shares of Hanesbrands in the first quarter worth $34,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Hanesbrands in the fourth quarter worth $56,000. Institutional investors and hedge funds own 80.31% of the company's stock.

Analyst Upgrades and Downgrades

HBI has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target 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. 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. UBS Group lifted their price target on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus decreased their price target on shares of Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $5.75.

Hanesbrands Price Performance

Shares of NYSE:HBI traded down $0.11 on Friday, hitting $4.62. The stock had a trading volume of 3,204,000 shares, compared to its average volume of 6,881,777. Hanesbrands Inc. has a twelve month low of $4.02 and a twelve month 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's 50 day moving average price is $4.85 and its 200-day moving average price is $5.89. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of -5.50 and a beta of 1.47.

Hanesbrands (NYSE:HBI - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $757.42 million. During the same period in the previous year, the business posted ($0.02) earnings per share. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current 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.