Maverick Capital Ltd. bought a new stake in Hanesbrands Inc. (NYSE:HBI – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 234,132 shares of the textile maker’s stock, valued at approximately $1,154,000. Maverick Capital Ltd. owned 0.07% of Hanesbrands as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in HBI. Drucker Wealth 3.0 LLC acquired a new stake in Hanesbrands in the second quarter worth about $57,000. Squarepoint Ops LLC boosted its stake in shares of Hanesbrands by 193.4% in the 2nd quarter. Squarepoint Ops LLC now owns 834,104 shares of the textile maker’s stock valued at $4,112,000 after purchasing an additional 549,855 shares during the last quarter. Aristeia Capital L.L.C. grew its position in shares of Hanesbrands by 63.3% during the 2nd quarter. Aristeia Capital L.L.C. now owns 117,289 shares of the textile maker’s stock worth $578,000 after buying an additional 45,468 shares during the period. K2 Principal Fund L.P. bought a new stake in shares of Hanesbrands during the second quarter worth approximately $246,000. Finally, Marshall Wace LLP acquired a new position in Hanesbrands in the second quarter valued at approximately $70,000. Institutional investors own 80.31% of the company’s stock.
Hanesbrands Stock Performance
HBI stock opened at $7.29 on Friday. Hanesbrands Inc. has a 1-year low of $3.55 and a 1-year high of $7.31. The business’s 50-day moving average price is $6.24 and its two-hundred day moving average price is $5.43. The firm has a market cap of $2.56 billion, a PE ratio of -121.50 and a beta of 1.57. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 50.06.
Analysts Set New Price Targets
HBI has been the subject of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a report on Monday, August 12th. Barclays lifted their price objective on Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Wedbush reissued a “neutral” rating and issued a $5.00 target price on shares of Hanesbrands in a research note on Thursday, June 6th. Finally, UBS Group boosted their target price on Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a research report on Tuesday, August 27th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.80.
Get Our Latest Research Report on Hanesbrands
About Hanesbrands
Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of range of innerwear apparels for men, women, and children in the Americas, Europe, the Asia pacific, and internationally. The company operates through three segments: Innerwear, Activewear, and International.
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