As Hanesbrands INC (HBI) Stock Value Declined, Shareholder Chieftain Capital Management INC Has 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 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. Eqis Cap Management Incorporated has 123,736 shares. Amica Pension Fund Board Of Trustees owns 46,640 shares. Levin Strategies Limited Partnership invested in 10,050 shares or 0% of the stock. Moreover, Royal State Bank Of Canada has 0% invested in Hanesbrands Inc. (NYSE:HBI). Metropolitan Life Ins Ny holds 72,655 shares. Amer Intll Grp stated it has 204,919 shares or 0.02% of all its holdings. The Florida-based Cypress Capital Group has invested 0.05% in Hanesbrands Inc. (NYSE:HBI). Ifrah, Arkansas-based fund reported 10,039 shares. Wisconsin-based Mason Street Advsr Limited Company has invested 0.02% in Hanesbrands Inc. (NYSE:HBI). Barrow Hanley Mewhinney And Strauss Ltd Liability Corp owns 12.69M shares. Valley Advisers invested in 47 shares. 158,800 were accumulated by Intact Inc. Investec Asset Mngmt Ltd holds 0.16% in Hanesbrands Inc. (NYSE:HBI) or 1.49 million shares. Mutual Of America Mngmt Limited Liability invested 0.02% in Hanesbrands Inc. (NYSE:HBI). Gulf Bancorp (Uk) Ltd stated it has 117,566 shares.

Since June 8, 2018, it had 4 insider purchases, and 2 selling transactions for $574,756 activity. Faircloth Michael E. sold 26,922 shares worth $538,978. Evans Gerald bought 6,500 shares worth $97,370. JOHNSON JOIA M sold $330,322 worth of stock. Mathews Jessica Tuchman sold $34,982 worth of Hanesbrands Inc. (NYSE:HBI) on Monday, November 12. On Tuesday, November 20 Hytinen Barry bought $147,340 worth of Hanesbrands Inc. (NYSE:HBI) or 10,100 shares.

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 12.77M 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 $1.53 billion US Long portfolio, upped its stake in Discovery Inc (NASDAQ:DISCK) by 374,421 shares to 9.03M 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 EPS, down 9.62 % or $0.05 from last year’s $0.52 per share. HBI’s profit will be $169.55 million for 8.06 P/E if the $0.47 EPS becomes a reality. After $0.55 actual EPS 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, Seekingalpha.com published: “Is Hanesbrands A Value Stock? – Seeking Alpha” on December 04, 2018. More interesting news about Hanesbrands Inc. (NYSE:HBI) were released by: Investorplace.com and their article: “7 Consumer Stocks to Buy and Hold Through the New Year – Investorplace.com” published on November 28, 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. The firm has “Equal-Weight” rating given on Thursday, August 2 by Barclays Capital. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Neutral” rating by Credit Suisse on Thursday, August 2. The company was maintained on Friday, November 2 by Nomura. The rating was maintained by Buckingham Research on Thursday, August 16 with “Buy”. The firm earned “Equal-Weight” rating on Friday, November 2 by Barclays Capital. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Neutral” rating by Macquarie Research on Thursday, August 23. The rating was maintained by Bank of America with “Neutral” on Thursday, August 2. Citigroup maintained Hanesbrands Inc. (NYSE:HBI) rating on Monday, December 3. Citigroup has “Neutral” rating and $18 target. On Wednesday, October 17 the stock rating was maintained by Buckingham Research with “Buy”. As per Friday, November 2, the company rating was maintained by Bank of America.

Hanesbrands Inc. (NYSE:HBI) Institutional Positions Chart

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