Tealwood Asset Management Inc. Trims Position in Hanesbrands Inc. (HBI)

Tealwood Asset Management Inc. lowered its position in shares of Hanesbrands Inc. (NYSE:HBI) by 4.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 217,609 shares of the textile maker’s stock after selling 10,046 shares during the period. Hanesbrands comprises about 1.7% of Tealwood Asset Management Inc.’s portfolio, making the stock its 18th biggest position. Tealwood Asset Management Inc.’s holdings in Hanesbrands were worth $4,550,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. grew its position in Hanesbrands by 0.8% during the 2nd quarter. BlackRock Inc. now owns 23,050,392 shares of the textile maker’s stock worth $533,848,000 after acquiring an additional 174,498 shares during the last quarter. State Street Corp grew its position in Hanesbrands by 0.9% during the 2nd quarter. State Street Corp now owns 15,512,816 shares of the textile maker’s stock worth $359,281,000 after acquiring an additional 136,465 shares during the last quarter. Bessemer Group Inc. grew its position in Hanesbrands by 2.9% during the 3rd quarter. Bessemer Group Inc. now owns 5,977,411 shares of the textile maker’s stock worth $147,284,000 after acquiring an additional 169,250 shares during the last quarter. Bank of New York Mellon Corp grew its position in Hanesbrands by 33.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,638,005 shares of the textile maker’s stock worth $114,282,000 after acquiring an additional 1,159,722 shares during the last quarter. Finally, Check Capital Management Inc. CA grew its position in Hanesbrands by 100.0% during the 3rd quarter. Check Capital Management Inc. CA now owns 4,413,635 shares of the textile maker’s stock worth $108,752,000 after acquiring an additional 2,207,066 shares during the last quarter. Institutional investors and hedge funds own 96.67% of the company’s stock.

Shares of Hanesbrands Inc. (NYSE HBI) traded up $1.20 during trading on Friday, hitting $23.20. The company had a trading volume of 9,586,695 shares, compared to its average volume of 5,366,869. Hanesbrands Inc. has a 52 week low of $18.90 and a 52 week high of $25.73. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90. The company has a market cap of $8,080.00, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 1.17 and a beta of 0.72.

Hanesbrands (NYSE:HBI) last announced its earnings results on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the company earned $0.56 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. analysts predict that Hanesbrands Inc. will post 1.94 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the company. Deutsche Bank initiated coverage on Hanesbrands in a research report on Monday, October 23rd. They set a “buy” rating and a $29.00 price objective on the stock. Zacks Investment Research upgraded Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Monday, October 9th. ValuEngine lowered Hanesbrands from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 price target on shares of Hanesbrands in a research report on Tuesday, September 26th. Finally, TheStreet lowered Hanesbrands from a “b” rating to a “c+” rating in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $25.63.

WARNING: “Tealwood Asset Management Inc. Trims Position in Hanesbrands Inc. (HBI)” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/3146356/tealwood-asset-management-inc-trims-position-in-hanesbrands-inc-hbi.html.

Hanesbrands Company Profile

Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.

Want to see what other hedge funds are holding HBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanesbrands Inc. (NYSE:HBI).

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.