$0.50 EPS Expected for Red Hat, Inc. (RHT); Parnassus Investments Has Upped By $20.62 Million Its Hanesbrands (HBI) Stake

December 10, 2017 - By Linda Rogers

Parnassus Investments increased Hanesbrands Inc. (HBI) stake by 37.36% reported in 2017Q2 SEC filing. Parnassus Investments acquired 896,544 shares as Hanesbrands Inc. (HBI)’s stock declined 1.43%. The Parnassus Investments holds 3.30 million shares with $76.35M value, up from 2.40M last quarter. Hanesbrands Inc. now has $7.57B valuation. The stock increased 0.83% or $0.17 during the last trading session, reaching $20.75. About 5.46 million shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 23.23% since December 10, 2016 and is downtrending. It has underperformed by 39.93% the S&P500.

Analysts expect Red Hat, Inc. (NYSE:RHT) to report $0.50 EPS on December, 20.They anticipate $0.08 EPS change or 19.05% from last quarter’s $0.42 EPS. RHT’s profit would be $88.47M giving it 62.65 P/E if the $0.50 EPS is correct. After having $0.58 EPS previously, Red Hat, Inc.’s analysts see -13.79% EPS growth. The stock increased 1.20% or $1.49 during the last trading session, reaching $125.29. About 1.11 million shares traded. Red Hat, Inc. (NYSE:RHT) has risen 18.97% since December 10, 2016 and is uptrending. It has outperformed by 2.27% the S&P500.

Among 33 analysts covering Red Hat (NYSE:RHT), 24 have Buy rating, 1 Sell and 8 Hold. Therefore 73% are positive. Red Hat had 95 analyst reports since August 25, 2015 according to SRatingsIntel. JP Morgan maintained it with “Overweight” rating and $89 target in Tuesday, September 22 report. The stock of Red Hat, Inc. (NYSE:RHT) has “Market Outperform” rating given on Wednesday, September 13 by JMP Securities. The rating was maintained by JP Morgan with “Overweight” on Tuesday, September 26. On Friday, September 22 the stock rating was maintained by Cowen & Co with “Buy”. The firm earned “Overweight” rating on Friday, September 8 by KeyBanc Capital Markets. As per Tuesday, June 20, the company rating was maintained by Drexel Hamilton. Drexel Hamilton initiated Red Hat, Inc. (NYSE:RHT) on Friday, October 9 with “Buy” rating. RBC Capital Markets maintained it with “Outperform” rating and $90 target in Tuesday, December 8 report. The stock of Red Hat, Inc. (NYSE:RHT) earned “Hold” rating by Jefferies on Friday, August 25. The firm has “Buy” rating by Mizuho given on Thursday, December 22.

Investors sentiment decreased to 1.25 in Q2 2017. Its down 0.07, from 1.32 in 2017Q1. It dropped, as 25 investors sold Red Hat, Inc. shares while 161 reduced holdings. 77 funds opened positions while 156 raised stakes. 157.87 million shares or 0.26% more from 157.46 million shares in 2017Q1 were reported. Korea Invest Corporation accumulated 0.03% or 65,568 shares. Moreover, Trexquant Inv L P has 0.52% invested in Red Hat, Inc. (NYSE:RHT). Gam Hldg Ag owns 5,544 shares. Private Advisor Grp Limited Company has 0.01% invested in Red Hat, Inc. (NYSE:RHT). The New York-based Tiaa Cref Management has invested 0.09% in Red Hat, Inc. (NYSE:RHT). Sterling Cap Ltd Liability Corporation holds 564,177 shares. Intrust Comml Bank Na stated it has 0.08% in Red Hat, Inc. (NYSE:RHT). Engineers Gate Manager L P stated it has 26,280 shares. Gyroscope Management Gp Lc accumulated 2,429 shares. Ls Advisors Ltd Com holds 0.04% or 6,160 shares. Ftb Inc owns 261 shares for 0% of their portfolio. Adage Cap Partners Group Limited Liability Corp owns 0.06% invested in Red Hat, Inc. (NYSE:RHT) for 253,600 shares. Bremer Natl Association accumulated 3,338 shares. Sumitomo Mitsui Asset stated it has 0.02% in Red Hat, Inc. (NYSE:RHT). Capstone Asset Mgmt reported 0.05% in Red Hat, Inc. (NYSE:RHT).

Red Hat, Inc. provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide. The company has market cap of $22.17 billion. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in hybrid cloud environments; Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in hybrid cloud environments; and Red Hat Enterprise Virtualization, a software solution that allows clients to utilize and manage a common hardware infrastructure to run multiple operating systems and applications. It has a 74.98 P/E ratio. The firm offers application development-related and other technology solutions, such as Red Hat JBoss Middleware, a solution for developing, deploying, and managing applications; integrating applications, data, and devices; and automating business processes in hybrid cloud environments; Red Hat cloud offerings, a software solution that enables clients to build and manage various cloud computing environments; Red Hat Mobile, a software development platform that enables clients to develop, integrate, deploy, and manage mobile applications for enterprises; and Red Hat Storage, a software solution that enables clients to manage large, unstructured, or semi-structured data in hybrid cloud environments.

Investors sentiment increased to 1.33 in Q2 2017. Its up 0.02, from 1.31 in 2017Q1. It is positive, as 33 investors sold HBI shares while 178 reduced holdings. 95 funds opened positions while 186 raised stakes. 330.33 million shares or 2.78% more from 321.38 million shares in 2017Q1 were reported. Green Square Limited Liability Corporation holds 0.08% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 20,308 shares. Burney Com accumulated 0.06% or 37,814 shares. Tocqueville Asset Lp owns 0.1% invested in Hanesbrands Inc. (NYSE:HBI) for 364,293 shares. Amica Retiree Med reported 8,034 shares or 0.15% of all its holdings. Jpmorgan Chase stated it has 2.77M shares or 0.01% of all its holdings. Mutual Of America Cap Management Ltd Limited Liability Company owns 44,701 shares for 0.02% of their portfolio. Of Virginia Va holds 0.31% or 89,136 shares in its portfolio. Andra Ap stated it has 34,500 shares. Bancorpsouth Inc invested in 94,988 shares or 0.22% of the stock. Freestone Cap Limited Liability Corporation reported 180,729 shares or 0.34% of all its holdings. Boston Advisors Lc reported 0.01% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Tobam reported 50,941 shares. The Kansas-based Cognios has invested 0.91% in Hanesbrands Inc. (NYSE:HBI). Argi Ltd Liability Corporation holds 0.02% in Hanesbrands Inc. (NYSE:HBI) or 10,696 shares. Moreover, First Bank Of Omaha has 0.2% invested in Hanesbrands Inc. (NYSE:HBI).

Among 18 analysts covering Hanesbrands (NYSE:HBI), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Hanesbrands has $42 highest and $20 lowest target. $27.38’s average target is 31.95% above currents $20.75 stock price. Hanesbrands had 48 analyst reports since September 17, 2015 according to SRatingsIntel. The firm has “Buy” rating by UBS given on Friday, February 3. The firm has “Outperform” rating given on Thursday, October 22 by Wells Fargo. The company was reinitiated on Monday, July 17 by Buckingham Research. The rating was maintained by Cowen & Co on Wednesday, September 27 with “Hold”. The stock of Hanesbrands Inc. (NYSE:HBI) has “Buy” rating given on Tuesday, August 29 by Oppenheimer. Nomura maintained the stock with “Neutral” rating in Thursday, November 2 report. The stock of Hanesbrands Inc. (NYSE:HBI) has “Hold” rating given on Thursday, August 24 by Cowen & Co. The firm has “Neutral” rating by DA Davidson given on Monday, October 26. On Monday, January 11 the stock rating was upgraded by Nomura to “Buy”. Barclays Capital maintained the stock with “Overweight” rating in Thursday, November 2 report.

Parnassus Investments decreased Micron Technology Inc. (NASDAQ:MU) stake by 2.50 million shares to 6.78M valued at $202.30 million in 2017Q2. It also reduced Motorola Solutions Inc. (NYSE:MSI) stake by 1.71M shares and now owns 5.61M shares. Applied Materials Inc. (NASDAQ:AMAT) was reduced too.

Since June 13, 2017, it had 0 insider buys, and 1 sale for $1.28 million activity. 11,100 Hanesbrands Inc. (NYSE:HBI) shares with value of $250,527 were sold by Marsh John T.. Another trade for 55,850 shares valued at $1.28M was made by Upchurch W Howard Jr on Wednesday, June 14.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Twitter Auto Publish Powered By : XYZScripts.com