Hanesbrands INC (HBI) Holder Chieftain Capital Management INC Decreased Its Stake

Hanesbrands Inc. (NYSE:HBI) LogoInvestors sentiment decreased to 0.8 in Q2 2018. Its down 0.07, from 0.87 in 2018Q1. It turned negative, as 56 investors sold HBI shares while 204 reduced holdings. 61 funds opened positions while 147 raised stakes. 356.23 million shares or 5.20% more from 338.62 million shares in 2018Q1 were reported. Sasco Ct holds 4.23% or 4.82M shares. Pictet Asset Mngmt Limited owns 199,472 shares. Amalgamated National Bank stated it has 89,524 shares. City Holding accumulated 486 shares. Shufro Rose Limited Liability Com holds 0.84% or 400,867 shares in its portfolio. Nelson Van Denburg & Campbell Wealth Management Gru Limited Company reported 28,100 shares stake. Spark Investment Ltd Com, New York-based fund reported 170,100 shares. Prudential Public Limited Company has 31,400 shares for 0% of their portfolio. Tiverton Asset Management Ltd Liability Company holds 0.05% in Hanesbrands Inc. (NYSE:HBI) or 47,400 shares. Asset Management One Ltd holds 0.03% or 614,685 shares. Vnbtrust Association holds 0.09% or 10,700 shares in its portfolio. Clark Estates stated it has 3.17% in Hanesbrands Inc. (NYSE:HBI). Mackenzie Fincl accumulated 30,545 shares. Trellus Ltd Company holds 0.81% or 25,000 shares in its portfolio. Rafferty Asset Management Limited Company holds 223,110 shares or 0.07% of its portfolio.

Since June 8, 2018, it had 4 insider purchases, and 2 sales for $574,756 activity. On Monday, November 19 the insider NELSON RONALD L bought $296,600. Faircloth Michael E. sold 26,922 shares worth $538,978. 10,100 shares were bought by Hytinen Barry, worth $147,340. Evans Gerald bought $97,370 worth of stock or 6,500 shares. JOHNSON JOIA M had sold 20,000 shares worth $330,322 on Monday, November 5.

Chieftain Capital Management Inc decreased its stake in Hanesbrands Inc (HBI) by 3.88% based on its latest 2018Q2 regulatory filing with the SEC. Chieftain Capital Management Inc sold 495,158 shares as the company’s stock declined 14.95% while stock markets rallied. The hedge fund held 12.28M shares of the clothing and shoe and accessory stores company at the end of 2018Q2, valued at $270.36 million, down from 12.77 million at the end of the previous reported quarter. Chieftain Capital Management Inc who had been investing in Hanesbrands Inc for a number of months, seems to be less bullish one the $5.47 billion market cap company. The stock decreased 3.44% or $0.54 during the last trading session, reaching $15.16. About 4.49 million shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 30.00% since December 8, 2017 and is downtrending. It has underperformed by 45.62% the S&P500.

Chieftain Capital Management Inc, which manages about $1.89 billion and $1.53B US Long portfolio, upped its stake in Discovery Inc (NASDAQ:DISCK) by 374,421 shares to 9.03 million shares, valued at $230.30 million in 2018Q2, according to the filing.

Analysts await Hanesbrands Inc. (NYSE:HBI) to report earnings on February, 14. They expect $0.47 earnings per share, down 9.62 % or $0.05 from last year’s $0.52 per share. HBI’s profit will be $169.55M for 8.06 P/E if the $0.47 EPS becomes a reality. After $0.55 actual earnings per share reported by Hanesbrands Inc. for the previous quarter, Wall Street now forecasts -14.55 % negative EPS growth.

More notable recent Hanesbrands Inc. (NYSE:HBI) news were published by: Seekingalpha.com which released: “Lululemon leads apparel sector lower – Seeking Alpha” on December 07, 2018, also Seekingalpha.com with their article: “Mr. Market Continues To Misappraise Hanesbrands – Seeking Alpha” published on November 09, 2018, Investorplace.com published: “7 Consumer Stocks to Buy and Hold Through the New Year – Investorplace.com” on November 28, 2018. More interesting news about Hanesbrands Inc. (NYSE:HBI) were released by: Seekingalpha.com and their article: “Is Hanesbrands A Value Stock? – Seeking Alpha” published on December 04, 2018 as well as Fool.com‘s news article titled: “3 Top Dividend Stocks With Yields Over 3% – The Motley Fool” with publication date: November 30, 2018.

Hanesbrands Inc. (NYSE:HBI) Ratings Coverage

Among 9 analysts covering Hanesbrands (NYSE:HBI), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. Hanesbrands had 12 analyst reports since June 21, 2018 according to SRatingsIntel. Credit Suisse maintained the stock with “Neutral” rating in Thursday, August 2 report. Buckingham Research maintained it with “Buy” rating and $24 target in Wednesday, October 17 report. The rating was maintained by Macquarie Research on Thursday, August 23 with “Neutral”. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Neutral” rating by Nomura on Friday, November 2. The stock of Hanesbrands Inc. (NYSE:HBI) has “Equal-Weight” rating given on Friday, November 2 by Barclays Capital. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Neutral” rating by Bank of America on Friday, November 2. The firm has “Equal-Weight” rating given on Thursday, August 2 by Barclays Capital. Citigroup maintained the shares of HBI in report on Monday, December 3 with “Neutral” rating. The company was maintained on Thursday, August 16 by Buckingham Research. As per Thursday, August 2, the company rating was maintained by Bank of America.

Hanesbrands Inc. (NYSE:HBI) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.