Thrivent Financial for Lutherans Sells 15,675 Shares of Hanesbrands Inc. (NYSE:HBI)

Thrivent Financial for Lutherans reduced its holdings in Hanesbrands Inc. (NYSE:HBI) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 596,839 shares of the textile maker’s stock after selling 15,675 shares during the quarter. Thrivent Financial for Lutherans owned 0.17% of Hanesbrands worth $4,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of Hanesbrands by 42.3% in the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after purchasing an additional 1,594 shares during the last quarter. Whittier Trust Co. bought a new position in shares of Hanesbrands in the 3rd quarter worth $51,000. Rothschild Investment LLC purchased a new stake in shares of Hanesbrands during the 2nd quarter valued at $39,000. Intech Investment Management LLC bought a new stake in shares of Hanesbrands during the 2nd quarter worth $51,000. Finally, ERTS Wealth Advisors LLC purchased a new position in Hanesbrands in the third quarter worth $76,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hanesbrands Trading Up 4.3 %

Shares of HBI stock opened at $8.54 on Monday. The business has a 50-day moving average of $7.37 and a 200 day moving average of $6.12. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90. Hanesbrands Inc. has a 1-year low of $3.58 and a 1-year high of $8.70. The stock has a market capitalization of $3.01 billion, a PE ratio of -12.94 and a beta of 1.58.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The firm had revenue of $937.10 million during the quarter, compared to analyst estimates of $936.47 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hanesbrands Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HBI shares. Barclays lifted their price target on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Stifel Nicolaus upped their target price on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Finally, UBS Group lifted their price target on shares of Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a research note on Tuesday, August 27th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.00.

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.