KLCM Advisors Inc. Has $8.09 Million Holdings in Hanesbrands Inc. (NYSE:HBI)

KLCM Advisors Inc. cut its holdings in Hanesbrands Inc. (NYSE:HBI) by 24.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 993,252 shares of the textile maker’s stock after selling 329,547 shares during the period. Hanesbrands makes up 0.9% of KLCM Advisors Inc.’s investment portfolio, making the stock its 29th biggest holding. KLCM Advisors Inc. owned 0.28% of Hanesbrands worth $8,085,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in Hanesbrands by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker’s stock valued at $14,003,000 after purchasing an additional 53,995 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Hanesbrands during the 4th quarter worth $2,066,000. Allworth Financial LP grew its stake in Hanesbrands by 459.2% in the 4th quarter. Allworth Financial LP now owns 8,220 shares of the textile maker’s stock valued at $69,000 after buying an additional 6,750 shares during the last quarter. Rhumbline Advisers raised its holdings in Hanesbrands by 1.5% in the 4th quarter. Rhumbline Advisers now owns 1,026,149 shares of the textile maker’s stock worth $8,353,000 after acquiring an additional 15,033 shares during the period. Finally, Bonfire Financial acquired a new position in Hanesbrands during the 4th quarter worth $90,000. 80.31% of the stock is owned by institutional investors and hedge funds.

Hanesbrands Trading Down 6.0 %

Shares of HBI stock opened at $5.88 on Monday. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 21.50. Hanesbrands Inc. has a 12 month low of $4.06 and a 12 month high of $9.10. The stock has a 50 day moving average of $8.15 and a two-hundred day moving average of $7.46.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $888.47 million for the quarter, compared to the consensus estimate of $899.30 million. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. On average, research analysts expect that Hanesbrands Inc. will post 0.39 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HBI shares. Barclays raised their price target on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $7.00 price target (down from $8.00) on shares of Hanesbrands in a research report on Friday. Finally, UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and increased their price objective for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.10.

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.