Livingston Group Asset Management CO operating as Southport Capital Management Sells 7,100 Shares of Hanesbrands Inc. (HBI)

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Livingston Group Asset Management CO operating as Southport Capital Management lowered its position in Hanesbrands Inc. (NYSE:HBI) by 7.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,511 shares of the textile maker’s stock after selling 7,100 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Hanesbrands were worth $1,493,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HBI. Capital Investment Advisory Services LLC bought a new position in Hanesbrands in the fourth quarter worth approximately $36,000. Atlas Capital Advisors LLC purchased a new position in shares of Hanesbrands during the fourth quarter valued at approximately $39,000. Oregon Public Employees Retirement Fund boosted its position in shares of Hanesbrands by 1,137.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 489,071 shares of the textile maker’s stock valued at $39,000 after buying an additional 449,555 shares during the last quarter. Clean Yield Group purchased a new position in shares of Hanesbrands during the fourth quarter valued at approximately $55,000. Finally, WP Advisors LLC purchased a new position in shares of Hanesbrands during the first quarter valued at approximately $56,000. Institutional investors and hedge funds own 97.00% of the company’s stock.

HBI stock traded up $0.11 during midday trading on Wednesday, hitting $18.87. The company’s stock had a trading volume of 834,198 shares, compared to its average volume of 4,338,688. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 3.64. Hanesbrands Inc. has a 1 year low of $11.57 and a 1 year high of $22.57. The stock has a market cap of $6.78 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.05 and a beta of 0.94.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, February 7th. The textile maker reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Hanesbrands had a return on equity of 76.43% and a net margin of 8.13%. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. As a group, analysts forecast that Hanesbrands Inc. will post 1.75 earnings per share for the current fiscal year.

HBI has been the topic of several analyst reports. Deutsche Bank cut Hanesbrands from a “buy” rating to a “hold” rating and cut their target price for the company from $24.00 to $16.00 in a research report on Friday, January 11th. Zacks Investment Research cut Hanesbrands from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Barclays set a $16.00 target price on Hanesbrands and gave the company a “hold” rating in a research report on Friday, January 11th. Wells Fargo & Co cut their target price on Hanesbrands from $18.00 to $14.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 2nd. Finally, ValuEngine raised Hanesbrands from a “strong sell” rating to a “sell” rating in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.53.

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Hanesbrands Profile

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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