As Hanesbrands (HBI) Shares Declined, Woodstock Cut by $323,892 Its Position; As La Z Boy (LZB) Stock Value Rose, Holder Monroe Bank & Trust Cut Its Position

June 14, 2018 - By Steve Bissell

Hanesbrands Inc. (NYSE:HBI) Logo

Monroe Bank & Trust decreased its stake in La Z Boy Inc (LZB) by 40.31% based on its latest 2018Q1 regulatory filing with the SEC. Monroe Bank & Trust sold 37,014 shares as the company’s stock rose 0.47% while stock markets declined. The institutional investor held 54,806 shares of the home furnishings company at the end of 2018Q1, valued at $1.64 million, down from 91,820 at the end of the previous reported quarter. Monroe Bank & Trust who had been investing in La Z Boy Inc for a number of months, seems to be less bullish one the $1.55B market cap company. The stock decreased 0.45% or $0.15 during the last trading session, reaching $32.95. About 135,234 shares traded. La-Z-Boy Incorporated (NYSE:LZB) has risen 17.59% since June 14, 2017 and is uptrending. It has outperformed by 5.02% the S&P500.

Woodstock Corp decreased its stake in Hanesbrands Inc (HBI) by 5.75% based on its latest 2018Q1 regulatory filing with the SEC. Woodstock Corp sold 17,994 shares as the company’s stock declined 10.22% with the market. The institutional investor held 294,733 shares of the clothing and shoe and accessory stores company at the end of 2018Q1, valued at $5.43M, down from 312,727 at the end of the previous reported quarter. Woodstock Corp who had been investing in Hanesbrands Inc for a number of months, seems to be less bullish one the $7.37 billion market cap company. The stock decreased 2.92% or $0.61 during the last trading session, reaching $20.45. About 4.33 million shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 10.39% since June 14, 2017 and is downtrending. It has underperformed by 22.96% the S&P500. Some Historical HBI News: 01/05/2018 – HANESBRANDS REAFFIRMS FORECAST FOR FY; 05/04/2018 – HanesBrands Earns EPA’s Energy Star Environmental Excellence Award; 20/03/2018 – U.S. apparel, footwear industry opposes likely Trump tariffs on China; 01/05/2018 – Hanesbrands Sees 2Q EPS 38c-EPS 40c; 25/04/2018 – HanesBrands and National Park Foundation Launch Exclusive New Apparel Collection During National Park Week; 25/04/2018 – Hanesbrands Partners With National Park Service for Five-Year Deal; 01/05/2018 – HANESBRANDS 1Q ADJ EPS 26C, EST. 24C; 01/05/2018 – Hanesbrands 1Q Net $79.4M; 01/05/2018 – Hanesbrands 1Q Adj EPS 26c; 01/05/2018 – Hanesbrands Sees 2018 Full-Year Tax Rate 16%

Among 7 analysts covering La-Z-Boy (NYSE:LZB), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. La-Z-Boy had 15 analyst reports since August 20, 2015 according to SRatingsIntel. The company was downgraded on Thursday, January 5 by Raymond James. As per Thursday, August 20, the company rating was maintained by Barrington Research. The firm has “Overweight” rating by KeyBanc Capital Markets given on Thursday, October 6. The firm earned “Buy” rating on Wednesday, March 2 by Sidoti. The stock of La-Z-Boy Incorporated (NYSE:LZB) earned “Hold” rating by Stifel Nicolaus on Wednesday, September 27. The firm has “Hold” rating by Zacks given on Tuesday, August 18. Stifel Nicolaus maintained La-Z-Boy Incorporated (NYSE:LZB) on Thursday, August 24 with “Hold” rating. The firm has “Hold” rating given on Tuesday, August 1 by Sidoti. The rating was maintained by Stifel Nicolaus on Tuesday, August 22 with “Hold”. The firm earned “Hold” rating on Thursday, November 30 by Stifel Nicolaus.

Investors sentiment increased to 1.11 in Q1 2018. Its up 0.03, from 1.08 in 2017Q4. It increased, as 15 investors sold LZB shares while 64 reduced holdings. 36 funds opened positions while 52 raised stakes. 39.96 million shares or 0.33% more from 39.83 million shares in 2017Q4 were reported. Moreover, Vident Inv Advisory Limited Com has 0.1% invested in La-Z-Boy Incorporated (NYSE:LZB) for 85,669 shares. State Of Tennessee Treasury Department has 33,667 shares. Laurion Mgmt Limited Partnership has 11,186 shares for 0% of their portfolio. Voya Investment Mngmt Limited Liability Corporation holds 0.01% or 84,957 shares. Riverhead Capital Lc owns 0.01% invested in La-Z-Boy Incorporated (NYSE:LZB) for 4,586 shares. Comerica Bancshares owns 49,522 shares for 0.01% of their portfolio. Dean Invest Assoc Limited Company reported 179,035 shares stake. Macquarie Gp reported 5,900 shares. Buckhead Capital Management Limited Liability Com holds 19,675 shares or 0.13% of its portfolio. Envestnet Asset Mgmt Inc accumulated 204 shares. Moreover, Gemmer Asset Mngmt Llc has 0% invested in La-Z-Boy Incorporated (NYSE:LZB). Piedmont Invest Advsrs Limited Company invested in 10,060 shares or 0.01% of the stock. 10,478 were reported by Teacher Retirement Sys Of Texas. Walleye Trading Ltd Limited Liability Company reported 3,413 shares. Profund Advisors Limited Liability Company has 9,151 shares for 0.01% of their portfolio.

Analysts await La-Z-Boy Incorporated (NYSE:LZB) to report earnings on June, 19 after the close. They expect $0.64 earnings per share, up 12.28% or $0.07 from last year’s $0.57 per share. LZB’s profit will be $30.13M for 12.87 P/E if the $0.64 EPS becomes a reality. After $0.45 actual earnings per share reported by La-Z-Boy Incorporated for the previous quarter, Wall Street now forecasts 42.22% EPS growth.

Monroe Bank & Trust, which manages about $314.09M US Long portfolio, upped its stake in Claymore Exchange Trd Fd Tr (GSY) by 22,666 shares to 246,132 shares, valued at $12.36M in 2018Q1, according to the filing. It also increased its holding in Spdr Series Trust (JNK) by 19,287 shares in the quarter, for a total of 196,512 shares, and has risen its stake in Ishares Tr (IVE).

More news for La-Z-Boy Incorporated (NYSE:LZB) were recently published by: Globenewswire.com, which released: “La-Z-Boy Announces Fiscal 2018 Fourth-Quarter and Year-End Conference Call” on June 07, 2018. Globenewswire.com‘s article titled: “La-Z-Boy Announces Appointment of New CFO” and published on May 24, 2018 is yet another important article.

Since February 22, 2018, it had 0 insider purchases, and 1 sale for $2.09 million activity.

Since February 15, 2018, it had 4 insider buys, and 2 selling transactions for $315,171 activity. 2,745 shares valued at $49,984 were bought by ZIEGLER ANN ELIZABETH on Friday, May 18. Evans Gerald bought $309,050 worth of stock or 17,500 shares. On Friday, June 8 the insider Faircloth Michael E. sold $538,978. Shares for $1.07M were sold by Upchurch W Howard Jr on Thursday, February 15. On Thursday, May 17 the insider SINGER DAVID V bought $553,456.

Among 21 analysts covering Hanesbrands (NYSE:HBI), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. Hanesbrands had 64 analyst reports since September 17, 2015 according to SRatingsIntel. Bank of America initiated Hanesbrands Inc. (NYSE:HBI) rating on Friday, April 6. Bank of America has “Hold” rating and $2100 target. The firm has “Buy” rating by Buckingham Research given on Monday, July 17. The firm has “Buy” rating by Oppenheimer given on Tuesday, August 29. B. Riley & Co maintained Hanesbrands Inc. (NYSE:HBI) on Friday, February 9 with “Buy” rating. The firm earned “Buy” rating on Monday, December 12 by CL King. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, November 2. The firm earned “Overweight” rating on Wednesday, May 2 by Barclays Capital. Morgan Stanley downgraded Hanesbrands Inc. (NYSE:HBI) on Monday, February 27 to “Equal-Weight” rating. As per Monday, August 7, the company rating was maintained by Morgan Stanley. Buckingham Research maintained the stock with “Buy” rating in Thursday, November 2 report.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.24, from 1.11 in 2017Q4. It fall, as 74 investors sold HBI shares while 192 reduced holdings. 60 funds opened positions while 171 raised stakes. 338.62 million shares or 0.25% more from 337.77 million shares in 2017Q4 were reported. Nomura Asset Limited holds 0.01% or 55,652 shares. Brandywine Glob Invest Mgmt Ltd holds 0.31% or 2.68M shares. Rhumbline Advisers stated it has 0.03% in Hanesbrands Inc. (NYSE:HBI). Whittier Of Nevada owns 0% invested in Hanesbrands Inc. (NYSE:HBI) for 1,433 shares. Millennium Limited Liability Corp holds 1.43M shares. First Personal Financial holds 0% or 893 shares. Rampart Investment Ltd Liability holds 10,655 shares or 0.02% of its portfolio. Goldman Sachs Group holds 0.01% or 2.26M shares. Bbva Compass State Bank accumulated 112,394 shares. Old Second Commercial Bank Of Aurora holds 82,022 shares. Amg Funds Llc owns 77,030 shares. Boston Prns holds 0% or 96,000 shares in its portfolio. State Of Tennessee Treasury Department has 0.03% invested in Hanesbrands Inc. (NYSE:HBI) for 311,638 shares. Mackay Shields Limited Liability Company invested in 61,368 shares or 0.01% of the stock. Rwc Asset Management Limited Liability Partnership invested in 0.29% or 295,289 shares.

Woodstock Corp, which manages about $699.55M and $528.86M US Long portfolio, upped its stake in Bristol (NYSE:BMY) by 7,880 shares to 50,680 shares, valued at $3.21M in 2018Q1, according to the filing.

La-Z-Boy Incorporated (NYSE:LZB) Institutional Positions Chart

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