Taylor Hoffman Wealth Management reduced its position in Hanesbrands Inc. (NYSE:HBI) by 66.4% during the first quarter, Holdings Channel reports. The institutional investor owned 20,071 shares of the textile maker’s stock after selling 39,714 shares during the period. Taylor Hoffman Wealth Management’s holdings in Hanesbrands were worth $359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in HBI. Rational Advisors LLC boosted its stake in shares of Hanesbrands by 254.6% in the 1st quarter. Rational Advisors LLC now owns 1,585 shares of the textile maker’s stock worth $28,000 after buying an additional 1,138 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new stake in shares of Hanesbrands in the fourth quarter valued at about $36,000. CWM LLC boosted its holdings in shares of Hanesbrands by 6,184.4% in the first quarter. CWM LLC now owns 2,011 shares of the textile maker’s stock valued at $36,000 after acquiring an additional 1,979 shares in the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of Hanesbrands in the fourth quarter valued at about $39,000. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Hanesbrands by 1,137.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 489,071 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 449,555 shares in the last quarter. Hedge funds and other institutional investors own 88.84% of the company’s stock.

HBI stock traded down $0.17 during trading on Friday, reaching $15.72. 87,553 shares of the company were exchanged, compared to its average volume of 5,599,402. The company has a market cap of $5.75 billion, a P/E ratio of 9.17, a P/E/G ratio of 3.20 and a beta of 0.93. Hanesbrands Inc. has a 52-week low of $11.57 and a 52-week high of $22.57. The company has a current ratio of 1.66, a quick ratio of 0.64 and a debt-to-equity ratio of 3.84.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, May 2nd. The textile maker reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.53 billion. Hanesbrands had a net margin of 7.99% and a return on equity of 69.68%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share. On average, equities research analysts expect that Hanesbrands Inc. will post 1.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Monday, May 13th. Hanesbrands’s payout ratio is currently 35.09%.

Several brokerages have recently weighed in on HBI. Zacks Investment Research downgraded shares of Hanesbrands from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Barclays set a $19.00 target price on shares of Hanesbrands and gave the company a “hold” rating in a report on Saturday, February 9th. Finally, ValuEngine raised shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Hanesbrands presently has a consensus rating of “Hold” and a consensus price target of $18.83.

In other Hanesbrands news, CFO Barry Hytinen bought 10,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average price of $17.56 per share, for a total transaction of $175,600.00. Following the completion of the transaction, the chief financial officer now owns 176,312 shares in the company, valued at approximately $3,096,038.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.04% of the company’s stock.

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Hanesbrands Profile

Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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