Hamilton Point Investment Advisors Lowers stake in Hanesbrands (HBI)

Hanesbrands (HBI) : Hamilton Point Investment Advisors reduced its stake in Hanesbrands by 2.61% during the most recent quarter end. The investment management company now holds a total of 164,302 shares of Hanesbrands which is valued at $4,544,593 after selling 4,402 shares in Hanesbrands , the firm said in a disclosure report filed with the SEC on May 2, 2016.Hanesbrands makes up approximately 3.08% of Hamilton Point Investment Advisors’s portfolio.

Hanesbrands closed down -0.35 points or -1.25% at $27.66 with 24,40,203 shares getting traded on Friday. Post opening the session at $27.95, the shares hit an intraday low of $27.5 and an intraday high of $28.02 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Farmers Merchants Investments Inc boosted its stake in HBI in the latest quarter, The investment management firm added 71 additional shares and now holds a total of 1,497 shares of Hanesbrands which is valued at $41,407.Russell Frank Co reduced its stake in HBI by selling 21,653 shares or 10.57% in the most recent quarter. The Hedge Fund company now holds 183,192 shares of HBI which is valued at $5,318,064. Hanesbrands makes up approx 0.01% of Russell Frank Co’s portfolio.Tiaa Cref Trust Co Fsbmo boosted its stake in HBI in the latest quarter, The investment management firm added 4,127 additional shares and now holds a total of 52,640 shares of Hanesbrands which is valued at $1,502,872. Hanesbrands makes up approx 0.01% of Tiaa Cref Trust Co Fsbmo’s portfolio.Next Financial Group Inc reduced its stake in HBI by selling 477 shares or 91.55% in the most recent quarter. The Hedge Fund company now holds 44 shares of HBI which is valued at $1,256.

On the company’s financial health, Hanesbrands reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.22. The company had revenue of $1219.10 million for the quarter, compared to analysts expectations of $1211.98 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Hanesbrands. Shares were Reiterated by UBS on Feb 5, 2016 to “Buy” and Lowered the Price Target to $ 35 from a previous price target of $42 .

Hanesbrands Inc. is a manufacturer and marketer of apparel. The Company operates through four segments: Innerwear Activewear Direct to Consumer and International. The Company’s innerwear and activewear apparel brands include Hanes Champion Bali Playtex Maidenform JMS/Just My Size L’eggs Flexees barely there Wonderbra Gear for Sports and Lilyette. Its international brands also include DIM Nur Die/Nur Der Zorba Rinbros and Shock Absorber among others. The Company’s Innerwear segment focuses on apparel products such as intimate apparel men’s underwear children’s underwear and socks. In the activewear market it sells products such as T-shirts and fleece to both retailers and wholesalers. Its Direct to Consumer operations include its domestic Company-operated outlet stores catalogs and Website operations that sell its branded products to consumers in the United States. The Company’s international markets are Europe Canada Japan Mexico Brazil and Australia.

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