Hanesbrands (HBI) : Albion Financial Group Ut reduced its stake in Hanesbrands by 36.4% during the most recent quarter end. The investment management company now holds a total of 10,218 shares of Hanesbrands which is valued at $291,724 after selling 5,847 shares in Hanesbrands , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Hanesbrands makes up approximately 0.05% of Albion Financial Group Ut’s portfolio.
Hanesbrands closed down -0.23 points or -0.82% at $27.79 with 27,32,409 shares getting traded on Wednesday. Post opening the session at $28, the shares hit an intraday low of $27.5 and an intraday high of $28.08 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Benjamin F. Edwards Company reduced its stake in HBI by selling 1,947 shares or 65.89% in the most recent quarter. The Hedge Fund company now holds 1,008 shares of HBI which is valued at $28,032. Hanesbrands makes up approx 0.01% of Benjamin F. Edwards Company’s portfolio. Integrated Investment Consultants added HBI to its portfolio by purchasing 2,135 company shares during the most recent quarter which is valued at $59,374. Hanesbrands makes up approx 0.03% of Integrated Investment Consultants’s portfolio.Wilen Investment Management Corp. reduced its stake in HBI by selling 500 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 91,596 shares of HBI which is valued at $2,547,285. Hanesbrands makes up approx 1.68% of Wilen Investment Management Corp.’s portfolio.
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.