As Hanesbrands INC (HBI) Stock Declined, Chieftain Capital Management INC Has Cut Holding by $10.89 Million

Hanesbrands Inc. (NYSE:HBI) LogoInvestors sentiment decreased to 0.8 in 2018 Q2. Its down 0.07, from 0.87 in 2018Q1. It dropped, 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 Gp holds 0.41% in Hanesbrands Inc. (NYSE:HBI) or 46,705 shares. Moreover, Cooke And Bieler LP has 2.05% invested in Hanesbrands Inc. (NYSE:HBI). Trust Company Of Vermont holds 1,273 shares or 0% of its portfolio. Tiverton Asset Limited Liability accumulated 47,400 shares. The Virginia-based Bb&T Secs Ltd Liability Corp has invested 0.17% in Hanesbrands Inc. (NYSE:HBI). Tci Wealth Advsrs has invested 0% in Hanesbrands Inc. (NYSE:HBI). California State Teachers Retirement System has 585,460 shares for 0.03% of their portfolio. Td Asset Mgmt invested in 0.05% or 1.39M shares. Rafferty Asset Mngmt Ltd Liability Corporation owns 223,110 shares. Prudential Financial Inc, a New Jersey-based fund reported 390,254 shares. 100,000 are owned by State Of New Jersey Common Pension Fund D. Natl Bank Of America De invested in 648,429 shares. Commonwealth Financial Bank Of Aus holds 3,375 shares or 0% of its portfolio. First Comml Bank Of Omaha stated it has 0.19% in Hanesbrands Inc. (NYSE:HBI). Fmr Lc reported 1.86M shares.

Since June 8, 2018, it had 4 insider purchases, and 2 insider sales for $574,756 activity. 2,115 shares valued at $34,982 were sold by Mathews Jessica Tuchman on Monday, November 12. JOHNSON JOIA M sold $330,322 worth of Hanesbrands Inc. (NYSE:HBI) on Monday, November 5. Shares for $147,340 were bought by Hytinen Barry on Tuesday, November 20. On Friday, June 8 Faircloth Michael E. sold $538,978 worth of Hanesbrands Inc. (NYSE:HBI) or 26,922 shares. $97,370 worth of Hanesbrands Inc. (NYSE:HBI) was bought by Evans Gerald.

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 12.28 million 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 $5.47B 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 $1.89B 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 $169.55M 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: “Mr. Market Continues To Misappraise Hanesbrands – Seeking Alpha” on November 09, 2018, also Seekingalpha.com with their article: “Lululemon leads apparel sector lower – Seeking Alpha” published on December 07, 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 company was maintained on Thursday, August 23 by Macquarie Research. On Thursday, August 2 the stock rating was maintained by Credit Suisse with “Neutral”. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, November 2 report. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Neutral” rating by Nomura on Friday, November 2. Barclays Capital downgraded the stock to “Equal-Weight” rating in Thursday, August 2 report. The company was maintained on Wednesday, October 17 by Buckingham Research. The firm has “Neutral” rating by Citigroup given on Monday, December 3. The firm has “Buy” rating given on Thursday, August 16 by Buckingham Research. Bank of America maintained the stock with “Neutral” rating in Friday, November 2 report. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Neutral” rating by Bank of America on Thursday, August 2.

Hanesbrands Inc. (NYSE:HBI) Institutional Positions Chart

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