Signaturefd Has Lowered Hanesbrands (HBI) Position as Shares Declined; Wilen Investment Management Upped Its Holding in Orchids Paper (TIS) by $907,632

April 20, 2018 - By Adrian Mccoy

Hanesbrands Inc. (NYSE:HBI) Logo

Wilen Investment Management Corp increased its stake in Orchids Paper (TIS) by 236.38% based on its latest 2017Q4 regulatory filing with the SEC. Wilen Investment Management Corp bought 75,636 shares as the company’s stock declined 29.94% with the market. The institutional investor held 107,634 shares of the paper company at the end of 2017Q4, valued at $1.35 million, up from 31,998 at the end of the previous reported quarter. Wilen Investment Management Corp who had been investing in Orchids Paper for a number of months, seems to be bullish on the $71.28M market cap company. The stock decreased 8.24% or $0.6 during the last trading session, reaching $6.68. About 62,230 shares traded. Orchids Paper Products Company (NYSEMKT:TIS) has declined 65.11% since April 20, 2017 and is downtrending. It has underperformed by 76.66% the S&P500.

Signaturefd Llc decreased its stake in Hanesbrands Inc (HBI) by 20.15% based on its latest 2017Q4 regulatory filing with the SEC. Signaturefd Llc sold 20,443 shares as the company’s stock declined 7.94% with the market. The institutional investor held 81,034 shares of the clothing and shoe and accessory stores company at the end of 2017Q4, valued at $1.69 million, down from 101,477 at the end of the previous reported quarter. Signaturefd Llc who had been investing in Hanesbrands Inc for a number of months, seems to be less bullish one the $6.30 billion market cap company. The stock decreased 0.85% or $0.15 during the last trading session, reaching $17.47. About 919,436 shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 8.16% since April 20, 2017 and is downtrending. It has underperformed by 19.71% the S&P500.

Wilen Investment Management Corp, which manages about $240.00 million and $152.89 million US Long portfolio, decreased its stake in Goodyear Tire (NASDAQ:GT) by 16,350 shares to 424,507 shares, valued at $13.80 million in 2017Q4, according to the filing. It also reduced its holding in Supervalu by 136,243 shares in the quarter, leaving it with 43,909 shares, and cut its stake in Pitney Bowes (NYSE:PBI).

Among 2 analysts covering Orchids Paper Products Co (NYSEMKT:TIS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Orchids Paper Products Co had 4 analyst reports since October 15, 2015 according to SRatingsIntel. Oppenheimer maintained it with “Outperform” rating and $33.0 target in Tuesday, October 27 report.

Analysts await Hanesbrands Inc. (NYSE:HBI) to report earnings on May, 1 after the close. They expect $0.24 EPS, down 17.24% or $0.05 from last year’s $0.29 per share. HBI’s profit will be $86.48 million for 18.20 P/E if the $0.24 EPS becomes a reality. After $0.52 actual EPS reported by Hanesbrands Inc. for the previous quarter, Wall Street now forecasts -53.85% negative EPS growth.

Among 21 analysts covering Hanesbrands (NYSE:HBI), 10 have Buy rating, 0 Sell and 11 Hold. Therefore 48% are positive. Hanesbrands had 60 analyst reports since September 17, 2015 according to SRatingsIntel. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Hold” rating by Stifel Nicolaus on Thursday, November 2. The firm has “Outperform” rating by Wells Fargo given on Thursday, October 22. The stock of Hanesbrands Inc. (NYSE:HBI) has “Market Perform” rating given on Friday, February 9 by Wells Fargo. The rating was maintained by Oppenheimer with “Buy” on Tuesday, August 29. Barclays Capital maintained the stock with “Overweight” rating in Thursday, November 2 report. DA Davidson downgraded the stock to “Neutral” rating in Monday, October 26 report. Buckingham Research maintained the shares of HBI in report on Thursday, November 2 with “Buy” rating. On Thursday, February 8 the stock rating was maintained by Stifel Nicolaus with “Hold”. Wells Fargo downgraded Hanesbrands Inc. (NYSE:HBI) on Wednesday, October 25 to “Market Perform” rating. The rating was initiated by Oppenheimer with “Outperform” on Friday, October 16.

Since February 15, 2018, it had 0 buys, and 1 sale for $1.07 million activity.

Hanesbrands Inc. (NYSE:HBI) Institutional Positions Chart

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