Kanawha Capital Management Decreased Its Stake in Norfolk Southrn (NSC) as Shares Declined; As Hanesbrands (HBI) Share Price Declined, Holder Clark Estates Trimmed Stake

Norfolk Southern Corporation (NYSE:NSC) Logo

Clark Estates Inc decreased its stake in Hanesbrands Inc (HBI) by 61.14% based on its latest 2018Q3 regulatory filing with the SEC. Clark Estates Inc sold 590,000 shares as the company’s stock declined 15.87% with the market. The institutional investor held 375,000 shares of the clothing and shoe and accessory stores company at the end of 2018Q3, valued at $6.91M, down from 965,000 at the end of the previous reported quarter. Clark Estates Inc who had been investing in Hanesbrands Inc for a number of months, seems to be less bullish one the $6.63 billion market cap company. The stock increased 3.08% or $0.55 during the last trading session, reaching $18.39. About 7.50M shares traded or 13.54% up from the average. Hanesbrands Inc. (NYSE:HBI) has declined 27.36% since February 12, 2018 and is downtrending. It has underperformed by 27.36% the S&P500. Some Historical HBI News: 12/03/2018 – HANESBRANDS INC HBI.N : CREDIT SUISSE STARTS WITH NEUTRAL RATING; $21 TARGET PRICE; 01/05/2018 – Hanesbrands 1Q Adj EPS 26c; 05/04/2018 – HanesBrands Earns EPA’s Energy Star Environmental Excellence Award; 13/03/2018 – HANESBRANDS INC HBI.N : CREDIT SUISSE INITIATES WITH NEUTRAL, $21 TARGET PRICE; 01/05/2018 – Hanesbrands Backs 2018 EPS $1.54-EPS $1.62; 20/03/2018 – U.S. apparel, footwear industry opposes likely Trump tariffs on China; 28/03/2018 – HanesBrands Makes Significant Strides Toward 2020 Environmental Goals; 02/04/2018 – HanesBrands Earns Ninth Consecutive U.S. EPA Energy Star Partner of the Year Award for Environmental Excellence; 01/05/2018 – Hanesbrands Sees 2Q Adj EPS 44c-Adj EPS 46c; 01/05/2018 – Hanesbrands 1Q Net $79.4M

Kanawha Capital Management Llc decreased its stake in Norfolk Southrn (NSC) by 5.13% based on its latest 2018Q3 regulatory filing with the SEC. Kanawha Capital Management Llc sold 3,216 shares as the company’s stock declined 13.46% with the market. The institutional investor held 59,492 shares of the railroads company at the end of 2018Q3, valued at $10.74M, down from 62,708 at the end of the previous reported quarter. Kanawha Capital Management Llc who had been investing in Norfolk Southrn for a number of months, seems to be less bullish one the $47.33B market cap company. The stock increased 3.20% or $5.49 during the last trading session, reaching $176.95. About 4.59M shares traded or 105.38% up from the average. Norfolk Southern Corporation (NYSE:NSC) has risen 10.53% since February 12, 2018 and is uptrending. It has outperformed by 10.53% the S&P500. Some Historical NSC News: 25/04/2018 – Norfolk Southern 1Q Rev $2.72B; 21/03/2018 – CFO Earhart Gifts 135 Of Norfolk Southern Corp; 18/04/2018 – Norfolk Southern recognizes 52 chemical customers for safe rail-shipping practices; 14/03/2018 – NORFOLK SOUTHERN CORP NSC.N : CREDIT SUISSE SAYS UNRAVELING OF COST IMPROVEMENT STORY AND DETERIORATION IN COAL FUNDAMENTALS ARE KEY RISKS TO TP; 24/05/2018 – Norfolk Southern and New York State usher in a modern era for freight rail with dedication of new railroad bridge – the Genesee; 06/04/2018 – DOT STB: Case Title: NORFOLK SOUTHERN RAILWAY COMPANY – ABANDONMENT EXEMPTION – IN DAYTON, MONTGOMERY COUNTY, OHIO; 23/04/2018 – NORFOLK SOUTHERN OFFERS TO EXCHANGE UP TO $1.5B OF NOTES; 24/05/2018 – Norfolk Southern and New York State usher in a modern era for freight rail with dedication of new railroad bridge – the Genesee Arch Bridge; 24/04/2018 – Norfolk Southern declares quarterly dividend; 25/04/2018 – NORFOLK SOUTHERN CORP – INCREASING EXPECTED ANNUAL SHARE REPURCHASES TO $1.5 BLN FOR 2018

Among 22 analysts covering Hanesbrands (NYSE:HBI), 9 have Buy rating, 0 Sell and 13 Hold. Therefore 41% are positive. Hanesbrands had 78 analyst reports since September 17, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, September 27 by Cowen & Co. The company was downgraded on Tuesday, December 19 by Citigroup. As per Thursday, November 2, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, February 8 report. The stock has “Perform” rating by Oppenheimer on Tuesday, October 24. Oppenheimer initiated it with “Outperform” rating and $35 target in Friday, October 16 report. On Wednesday, October 12 the stock rating was downgraded by Cowen & Co to “Market Perform”. The firm has “Buy” rating given on Friday, February 9 by Deutsche Bank. On Thursday, August 2 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. The company was maintained on Monday, September 25 by Stifel Nicolaus.

Since November 2, 2018, it had 4 insider buys, and 4 sales for $231,549 activity. Another trade for 10,100 shares valued at $147,340 was bought by Hytinen Barry. Another trade for 20,000 shares valued at $330,322 was made by JOHNSON JOIA M on Monday, November 5. $602,711 worth of stock was sold by Upchurch W Howard Jr on Wednesday, December 12. Mathews Jessica Tuchman had sold 15,000 shares worth $203,594. Evans Gerald also bought $97,370 worth of Hanesbrands Inc. (NYSE:HBI) on Monday, November 19.

More notable recent Hanesbrands Inc. (NYSE:HBI) news were published by: Benzinga.com which released: “54 Stocks Moving In Thursday’s Mid-Day Session – Benzinga” on February 07, 2019, also Fool.com with their article: “Why Hanesbrands, iRobot, and HealthEquity Jumped Today – Motley Fool” published on February 07, 2019, Seekingalpha.com published: “Hanesbrands: Turnaround Intact, 4.3% Yield Is Attractive – Seeking Alpha” on January 15, 2019. More interesting news about Hanesbrands Inc. (NYSE:HBI) were released by: Seekingalpha.com and their article: “CMG, HBI, SGMO and PRLB among notable midday movers – Seeking Alpha” published on February 07, 2019 as well as Seekingalpha.com‘s news article titled: “Hanesbrands +3% after strong quarter – Seeking Alpha” with publication date: February 07, 2019.

Clark Estates Inc, which manages about $666.49M US Long portfolio, upped its stake in Pilgrims Pride Corp New (NASDAQ:PPC) by 18,000 shares to 184,500 shares, valued at $3.34 million in 2018Q3, according to the filing. It also increased its holding in Sp Plus Corp (NASDAQ:SP) by 9,000 shares in the quarter, for a total of 91,000 shares, and has risen its stake in Graham Hldgs Co (NYSE:GHC).

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 $169.55 million for 9.78 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.

Investors sentiment increased to 0.86 in Q3 2018. Its up 0.06, from 0.8 in 2018Q2. It improved, as 60 investors sold HBI shares while 180 reduced holdings. 60 funds opened positions while 146 raised stakes. 351.16 million shares or 1.42% less from 356.23 million shares in 2018Q2 were reported. First Republic Inv Management invested 0% in Hanesbrands Inc. (NYSE:HBI). Ny State Common Retirement Fund accumulated 782,400 shares. Trexquant Investment LP reported 52,709 shares. Premier Asset Management Ltd holds 0.09% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 22,450 shares. Tru Company Of Vermont has 0% invested in Hanesbrands Inc. (NYSE:HBI) for 1,128 shares. Oppenheimer & accumulated 220,193 shares or 0.1% of the stock. Royal Retail Bank Of Canada reported 521,555 shares. Clearbridge Limited Liability holds 0.04% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 2.24 million shares. Southernsun Asset Management Lc invested in 3.14% or 3.73 million shares. Suntrust Banks invested 0% in Hanesbrands Inc. (NYSE:HBI). Park Corporation Oh stated it has 21,829 shares or 0.02% of all its holdings. Reliance Of Delaware owns 14,098 shares or 0.04% of their US portfolio. 76,418 are owned by Carret Asset Mgmt Ltd. Monetary Mngmt Gp has 200 shares. Cibc National Bank & Trust Usa accumulated 33,398 shares or 0.08% of the stock.

Investors sentiment increased to 0.92 in 2018 Q3. Its up 0.12, from 0.8 in 2018Q2. It is positive, as 32 investors sold NSC shares while 354 reduced holdings. 111 funds opened positions while 245 raised stakes. 187.99 million shares or 3.43% less from 194.66 million shares in 2018Q2 were reported. Gateway Invest Advisers Limited Liability Corp has invested 0.09% in Norfolk Southern Corporation (NYSE:NSC). Leuthold Group Limited Liability invested 0.75% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Condor Cap Mgmt holds 7,312 shares. Delta Mgmt Limited Liability Co stated it has 19,076 shares. Texas Permanent School Fund reported 62,863 shares stake. Northwestern Mutual Wealth reported 0.03% in Norfolk Southern Corporation (NYSE:NSC). Mariner Wealth Advsrs owns 0.03% invested in Norfolk Southern Corporation (NYSE:NSC) for 3,376 shares. Dynamic Advisor Solutions Limited Liability Corp has invested 0.17% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Cipher Capital LP stated it has 0.2% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Apg Asset Management Nv has 88,947 shares. Tocqueville Asset Management LP accumulated 0% or 1,554 shares. Perkins Coie holds 395 shares or 0.03% of its portfolio. National Asset has 1,792 shares for 0.04% of their portfolio. Folger Nolan Fleming Douglas Capital Mgmt holds 0.05% in Norfolk Southern Corporation (NYSE:NSC) or 1,800 shares. Private Advisor Ltd Co holds 0.06% of its portfolio in Norfolk Southern Corporation (NYSE:NSC) for 15,511 shares.

More notable recent Norfolk Southern Corporation (NYSE:NSC) news were published by: Benzinga.com which released: “J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT), Norfolk Souther Corporation (NYSE:NSC) – Hunt, NSC Intermodal Honchos Dish ELDs, Drivers, Equipment At SMC3 Event – Benzinga” on January 29, 2019, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: Avaya, AstraZeneca, HD Supply, HubSpot, Intel, Norfolk Southern, Ultimate Software, Valero Energy and More – 24/7 Wall St.” published on January 25, 2019, Benzinga.com published: “Norfolk Souther Corporation (NYSE:NSC) – Norfolk Southern Says “Loosening” Truck Markets Will Not Stop Its Intermodal Growth – Benzinga” on January 25, 2019. More interesting news about Norfolk Southern Corporation (NYSE:NSC) were released by: Seekingalpha.com and their article: “Still Cautious About Norfolk Southern – Seeking Alpha” published on September 18, 2018 as well as Benzinga.com‘s news article titled: “CSX Corporation (NYSE:CSX), Norfolk Souther Corporation (NYSE:NSC) – A Former Counsel Of The Chief Rail U.S Rail Regulator Wonders About Its Future Mission – Benzinga” with publication date: January 14, 2019.

Among 31 analysts covering Norfolk Southern Corp. (NYSE:NSC), 12 have Buy rating, 4 Sell and 15 Hold. Therefore 39% are positive. Norfolk Southern Corp. had 127 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Norfolk Southern Corporation (NYSE:NSC) has “Underweight” rating given on Thursday, January 25 by Morgan Stanley. On Thursday, October 25 the stock rating was maintained by Credit Suisse with “Outperform”. RBC Capital Markets upgraded the shares of NSC in report on Wednesday, January 24 to “Sector Perform” rating. Robert W. Baird maintained it with “Hold” rating and $15000 target in Tuesday, April 10 report. As per Tuesday, August 29, the company rating was maintained by RBC Capital Markets. On Thursday, April 26 the stock rating was maintained by JP Morgan with “Neutral”. The stock has “Sector Perform” rating by RBC Capital Markets on Tuesday, July 28. On Friday, July 31 the stock rating was downgraded by Argus Research to “Hold”. The firm has “Overweight” rating by JP Morgan given on Tuesday, December 18. As per Tuesday, October 31, the company rating was maintained by Argus Research.

Norfolk Southern Corporation (NYSE:NSC) Institutional Positions Chart