Zevin Asset Management Has Increased Blackrock (BLK) Stake by $304,209; Chieftain Capital Management Cut Holding in Hanesbrands (HBI) by $7.92 Million as Valuation Declined

April 23, 2018 - By Peter Erickson

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John Shapiro decreased its stake in Hanesbrands Inc (HBI) by 3.07% based on its latest 2017Q4 regulatory filing with the SEC. Chieftain Capital Management Inc sold 396,056 shares as the company’s stock declined 7.94% with the market. The hedge fund run by John Shapiro held 12.49 million shares of the clothing and shoe and accessory stores company at the end of 2017Q4, valued at $261.14M, down from 12.88 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 $6.58B market cap company. The stock increased 6.01% or $1.035 during the last trading session, reaching $18.245. About 6.22 million shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 8.16% since April 23, 2017 and is downtrending. It has underperformed by 19.71% the S&P500.

Zevin Asset Management Llc increased its stake in Blackrock Inc (BLK) by 2.9% based on its latest 2017Q4 regulatory filing with the SEC. Zevin Asset Management Llc bought 593 shares as the company’s stock rose 3.90% while stock markets declined. The institutional investor held 21,040 shares of the finance company at the end of 2017Q4, valued at $10.81M, up from 20,447 at the end of the previous reported quarter. Zevin Asset Management Llc who had been investing in Blackrock Inc for a number of months, seems to be bullish on the $84.66 billion market cap company. The stock increased 0.10% or $0.52 during the last trading session, reaching $524.94. About 243,244 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 41.90% since April 23, 2017 and is uptrending. It has outperformed by 30.35% the S&P500.

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.04, from 1.15 in 2017Q3. It is negative, as 75 investors sold HBI shares while 173 reduced holdings. 79 funds opened positions while 197 raised stakes. 337.77 million shares or 0.93% more from 334.65 million shares in 2017Q3 were reported. 401 are owned by Peoples Services. First Personal Services holds 0% or 448 shares. New York-based Mrj Inc has invested 0.67% in Hanesbrands Inc. (NYSE:HBI). 169,292 are held by Cambridge Rech Advsr. Gateway Inv Advisers Limited Company reported 24,112 shares. Texas Permanent School Fund invested in 99,528 shares. Beck Limited Liability Corp stated it has 0.35% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Epoch Investment Prns invested 0.02% in Hanesbrands Inc. (NYSE:HBI). Lombard Odier Asset Management (Switzerland) Sa accumulated 83,449 shares. Guardian Life Insurance Co Of America stated it has 1,181 shares or 0.01% of all its holdings. Ls Invest Advisors Limited Liability Com reported 18,615 shares. 2,704 were reported by Natl Pension Service. Jpmorgan Chase & reported 1.15M shares or 0.01% of all its holdings. Buckingham Cap Mgmt holds 1.61% in Hanesbrands Inc. (NYSE:HBI) or 643,122 shares. Vident Inv Advisory Limited Co holds 30,406 shares or 0.03% of its portfolio.

Analysts await Hanesbrands Inc. (NYSE:HBI) to report earnings on May, 1 after the close. They expect $0.24 EPS, down 17.24% or $0.05 from last year’s $0.29 per share. HBI’s profit will be $86.49 million for 19.01 P/E if the $0.24 EPS becomes a reality. After $0.52 actual EPS reported by Hanesbrands Inc. for the previous quarter, Wall Street now forecasts -53.85% negative EPS growth.

Among 21 analysts covering Hanesbrands (NYSE:HBI), 10 have Buy rating, 0 Sell and 11 Hold. Therefore 48% are positive. Hanesbrands had 60 analyst reports since September 17, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Hanesbrands Inc. (NYSE:HBI) on Thursday, February 8 with “Hold” rating. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Buy” rating by B. Riley & Co on Friday, February 9. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Buy” rating by Buckingham Research on Thursday, November 2. The firm earned “Buy” rating on Friday, February 5 by UBS. Citigroup maintained the shares of HBI in report on Friday, February 9 with “Neutral” rating. The rating was downgraded by Oppenheimer on Tuesday, October 24 to “Perform”. The stock has “Hold” rating by Bank of America on Friday, April 6. The stock of Hanesbrands Inc. (NYSE:HBI) has “Market Perform” rating given on Friday, February 9 by Wells Fargo. The company was upgraded on Friday, December 4 by Goldman Sachs. The stock has “Outperform” rating by Wells Fargo on Thursday, October 22.

Since February 15, 2018, it had 0 insider purchases, and 1 sale for $1.07 million activity.

Zevin Asset Management Llc, which manages about $480.40 million and $440.35 million US Long portfolio, decreased its stake in Hcp Inc. Reit (NYSE:HCP) by 69,782 shares to 83,878 shares, valued at $2.19M in 2017Q4, according to the filing. It also reduced its holding in Astellas Pharma Japan Sedol 69 (ALPMF) by 31,900 shares in the quarter, leaving it with 292,600 shares, and cut its stake in Taiwan Semiconductor Adr (NYSE:TSM).

Hanesbrands Inc. (NYSE:HBI) Institutional Positions Chart

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