Hanesbrands INC (HBI) Shareholder Dudley & Shanley LLC Lowered Its Holding by $13.24 Million

September 16, 2018 - By Clifton Ray

Hanesbrands Inc. (NYSE:HBI) LogoInvestors sentiment decreased to 0.8 in 2018 Q2. Its down 0.07, from 0.87 in 2018Q1. It dived, 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. Patten Gru Inc has 0.41% invested in Hanesbrands Inc. (NYSE:HBI) for 46,705 shares. Assetmark Incorporated invested 0% in Hanesbrands Inc. (NYSE:HBI). Kentucky Retirement holds 0.03% or 15,300 shares. Plante Moran Advsr Limited Liability Corp owns 192 shares or 0% of their US portfolio. Csat Advisory Lp holds 0.01% or 1,187 shares in its portfolio. Adage Capital Prns Gp owns 444,400 shares. Yorktown And accumulated 40,000 shares. Nordea Inv Mgmt Ab reported 95,494 shares stake. 288,328 are owned by Sei. Fil Limited holds 9.30M shares or 0.31% of its portfolio. Wells Fargo & Com Mn accumulated 1.37M shares. Armistice Capital Ltd Liability Corporation has invested 1.84% in Hanesbrands Inc. (NYSE:HBI). Schwab Charles Investment Mngmt Inc invested 0.03% in Hanesbrands Inc. (NYSE:HBI). 104,289 are held by Alexandria Capital Lc. Arizona State Retirement System owns 88,552 shares.

Since May 16, 2018, it had 4 buys, and 1 sale for $755,930 activity. Hytinen Barry bought $382,418 worth of Hanesbrands Inc. (NYSE:HBI) on Thursday, May 17. Another trade for 31,230 shares valued at $553,456 was made by SINGER DAVID V on Thursday, May 17. 17,500 shares were bought by Evans Gerald, worth $309,050 on Wednesday, May 16. $538,978 worth of Hanesbrands Inc. (NYSE:HBI) was sold by Faircloth Michael E..

Dudley & Shanley Llc decreased its stake in Hanesbrands Inc. (HBI) by 29.04% based on its latest 2018Q2 regulatory filing with the SEC. Dudley & Shanley Llc sold 601,701 shares as the company’s stock declined 14.95% while stock markets rallied. The hedge fund held 1.47 million shares of the clothing and shoe and accessory stores company at the end of 2018Q2, valued at $32.38M, down from 2.07 million at the end of the previous reported quarter. Dudley & Shanley Llc who had been investing in Hanesbrands Inc. for a number of months, seems to be less bullish one the $6.38B market cap company. The stock increased 0.68% or $0.12 during the last trading session, reaching $17.69. About 3.51 million shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 30.00% since September 16, 2017 and is downtrending. It has underperformed by 45.62% the S&P500.

Analysts await Hanesbrands Inc. (NYSE:HBI) to report earnings on November, 7. They expect $0.56 earnings per share, down 6.67 % or $0.04 from last year’s $0.6 per share. HBI’s profit will be $201.87 million for 7.90 P/E if the $0.56 EPS becomes a reality. After $0.45 actual earnings per share reported by Hanesbrands Inc. for the previous quarter, Wall Street now forecasts 24.44 % EPS growth.

Another recent and important Hanesbrands Inc. (NYSE:HBI) news was published by Seekingalpha.com which published an article titled: “How Hanesbrands Will Unlock Significant Value In Its Shares” on September 04, 2018.

Hanesbrands Inc. (NYSE:HBI) Ratings Coverage

Among 9 analysts covering Hanesbrands (NYSE:HBI), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Hanesbrands had 12 analyst reports since April 2, 2018 according to SRatingsIntel. The company was maintained on Wednesday, May 2 by Citigroup. Stifel Nicolaus upgraded Hanesbrands Inc. (NYSE:HBI) on Sunday, April 22 to “Buy” rating. The firm has “Hold” rating by Bank of America given on Friday, April 6. Bank of America maintained Hanesbrands Inc. (NYSE:HBI) on Thursday, August 2 with “Neutral” rating. Barclays Capital maintained Hanesbrands Inc. (NYSE:HBI) on Wednesday, May 2 with “Overweight” rating. The stock has “Buy” rating by Buckingham Research on Thursday, August 16. The rating was maintained by Credit Suisse with “Neutral” on Thursday, August 2. The company was initiated on Monday, April 2 by Macquarie Research. On Thursday, August 23 the stock rating was maintained by Macquarie Research with “Neutral”. The rating was downgraded by Barclays Capital on Thursday, August 2 to “Equal-Weight”.

Hanesbrands Inc. (NYSE:HBI) Institutional Positions Chart

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