Hanesbrands Inc. (HBI) Expected to Announce Quarterly Sales of $1.63 Billion

Lloyd Doyle
December 7, 2017

Sentry Investment Management LLC now owns 24,878 shares of the textile maker's stock worth $576,000 after acquiring an additional 109 shares during the period. The Kingdon Capital Management Llc holds 392,567 shares with $59.27M value, down from 446,350 last quarter. The stock increased 1.49% or $0.31 during the last trading session, reaching $21.15. (AGNC)'s shares projecting a $20.29 target price. Suncor Energy Inc. (NYSE:SU) has risen 22.43% since December 5, 2016 and is uptrending. Finally, QS Investors LLC lifted its stake in Hanesbrands by 2.8% during the 2nd quarter.

HBI has been the subject of several recent analyst reports. CIBC Asset Management Inc now owns 36,700 shares of the textile maker's stock worth $850,000 after acquiring an additional 106 shares during the period. Hanesbrands now has $7.54 billion valuation. The volume of the company in the last trading session was 10.75 Million. As a result results using moving averages can be random at times the market appears to respect SMA support/resistance and trade signals, and other times it shows no deference. Hanesbrands Inc now has $7.57B valuation. It has underperformed by 39.93% the S&P500.

Short interest or otherwise called the percentage of a stock's tradable shares now being shorted is another data that investors use to get a handle on sentiment. Its up 0.02, from 1.31 in 2017Q1.

Several other institutional investors have also bought shares of the company. 95 funds opened positions while 186 raised stakes. Also, it has an estimated price-earnings (P/E) multiple of 8.6 and a trailing 12-month price-earnings (P/E) multiple of 5.01.


The stock of Hanesbrands Inc. and BEST Inc. were two of the most active stocks on Monday. (NYSE:HBI) or 3.49 million shares. Employees Retirement Of Ohio reported 385,747 shares or 0.05% of all its holdings. Ahl Prtnrs Llp stated it has 162,054 shares or 0.08% of all its holdings. Gam Holdings Ag has 0.01% invested in Hanesbrands Inc. Pnc Financial Services Gp Inc invested 0% in Hanesbrands Inc. Sentry Investment Management LLC lifted its position in Hanesbrands by 0.4% during the 2nd quarter. (NYSE:HBI). Kdi Cap Ptnrs Limited Liability Company holds 3.31% or 419,093 shares. Gilman Hill Asset owns 31,631 shares. The investor is now holding $46.08 million shares due in part to a decrease of 1.16 million new shares in their portfolio. (NYSE:HBI). Whittier Trust owns 2,648 shares or 0% of their U.S. portfolio. Its down 33.55% from 8.40 million shares previously. Renaissance Techs Ltd Llc has 0% invested in New York & Company, Inc. $1.28M worth of Hanesbrands Inc. (NYSE:HBI) to report earnings on February, 1. They expect $0.52 EPS, down 1.89% or $0.01 from last year's $0.53 per share. HBI's profit will be $189.64M for 9.98 P/E if the $0.52 EPS becomes a reality.

For the ongoing Fiscal Quarter, 14 analysts have an average earnings forecast of $0.52 per share. A 1 analysts rate it as either a buy or a strong buy, while1 believe that investors should either steer clear of AGNC or, if they already own its stock, sell it. Hanesbrands has a 52-week low of $18.90 and a 52-week high of $25.73. The price of HBI is now at a -19.12% to its one-year price target of 25.57. Six analysts have made estimates for Hanesbrands' earnings. Barclays Capital maintained it with "Overweight" rating and $26 target in Thursday, November 2 report. The stock has "Outperform" rating by Wells Fargo on Thursday, October 22. As per Monday, September 25, the company rating was maintained by Stifel Nicolaus. The firm has "Equal-Weight" rating given on Thursday, November 2 by Morgan Stanley.

Since June 13, 2017, it had 0 insider buys, and 2 sales for $1.53 million activity. Upchurch W Howard Jr sold 55,850 shares worth $1.28M. 11,100 Hanesbrands Inc. (NYSE:HBI) shares with value of $250,527 were sold by Marsh John T.

Analysts await Facebook, Inc. During the same period in the previous year, the business earned $0.56 EPS. Hanesbrands reported sales of $1.58 billion during the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The other 2, though not evenly; between analysts who think you should buy AGNC Investment Corp. versus those who think you should sell it. Therefore 92% are positive. Facebook has $235.0 highest and $88 lowest target. The stock presently has an average rating of "Hold" and a consensus price target of $26.13. Facebook had 209 analyst reports since July 21, 2015 according to SRatingsIntel. ValuEngine downgraded shares of Hanesbrands from a "buy" rating to a "hold" rating in a research report on Friday, September 1st. The firm has "Buy" rating by Cantor Fitzgerald given on Thursday, August 27. The firm earned "Neutral" rating on Monday, October 26 by DA Davidson. The stock of Hanesbrands Inc. (NASDAQ:FB) has "Buy" rating given on Monday, January 25 by Suntrust Robinson. The company was upgraded on Friday, December 4 by Goldman Sachs. (HBI) Ex-Dividend Date Scheduled for November 13, 2017" published on November 10, 2017, Seekingalpha.com published: "HanesBrands: "Growth At A Discount" on November 30, 2017.

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