Dudley & Shanley LLC Has Lowered Its Hanesbrands INC (HBI) Stake by $13.24 Million

September 16, 2018 - By Robert Reynolds

Hanesbrands Inc. (NYSE:HBI) LogoInvestors sentiment decreased to 0.8 in 2018 Q2. Its down 0.07, from 0.87 in 2018Q1. It fall, 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. 148 were reported by Salem Invest Counselors. 83,363 are held by Cibc World Mkts Corp. Moreover, Ledyard State Bank has 0.1% invested in Hanesbrands Inc. (NYSE:HBI). Sumitomo Life Ins invested in 0.17% or 63,179 shares. Private Trust Na reported 15,632 shares. 10,050 are owned by Levin Cap Strategies L P. Investec Asset Ltd accumulated 0.16% or 1.49M shares. Mitsubishi Ufj And Bk Corporation has 0.03% invested in Hanesbrands Inc. (NYSE:HBI). Buckingham Capital Mgmt Inc has invested 1.24% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Grimes And Com invested in 344,253 shares. Balyasny Asset Ltd Liability Corp stated it has 0.07% in Hanesbrands Inc. (NYSE:HBI). Fjarde Ap holds 0.04% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 109,012 shares. Swiss Bank holds 0.03% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 1.19 million shares. Moreover, Gabelli Funds Ltd Llc has 0.02% invested in Hanesbrands Inc. (NYSE:HBI). Moreover, Godsey & Gibb has 1.86% invested in Hanesbrands Inc. (NYSE:HBI).

Since May 16, 2018, it had 4 buys, and 1 sale for $755,930 activity. $553,456 worth of Hanesbrands Inc. (NYSE:HBI) was bought by SINGER DAVID V on Thursday, May 17. 26,922 shares were sold by Faircloth Michael E., worth $538,978 on Friday, June 8. 21,890 shares were bought by Hytinen Barry, worth $382,418 on Thursday, May 17. Shares for $49,984 were bought by ZIEGLER ANN ELIZABETH.

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 1.47M shares of the clothing and shoe and accessory stores company at the end of 2018Q2, valued at $32.38M, down from 2.07M 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 $6.38 billion market cap company. The stock increased 0.68% or $0.12 during the last trading session, reaching $17.69. About 3.51M 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 EPS, 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 EPS 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 firm has “Neutral” rating given on Thursday, August 2 by Bank of America. The stock has “Neutral” rating by Citigroup on Wednesday, May 2. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Neutral” rating by Macquarie Research on Thursday, August 23. Buckingham Research maintained Hanesbrands Inc. (NYSE:HBI) rating on Thursday, August 16. Buckingham Research has “Buy” rating and $26 target. Barclays Capital maintained the shares of HBI in report on Wednesday, May 2 with “Overweight” rating. Bank of America initiated Hanesbrands Inc. (NYSE:HBI) rating on Friday, April 6. Bank of America has “Hold” rating and $2100 target. The company was initiated on Monday, April 2 by Macquarie Research. On Thursday, August 2 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Buy” rating by Stifel Nicolaus on Sunday, April 22. Credit Suisse maintained Hanesbrands Inc. (NYSE:HBI) on Thursday, August 2 with “Neutral” rating.

Hanesbrands Inc. (NYSE:HBI) Institutional Positions Chart

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