Callan Family Office LLC Takes $211,000 Position in Hanesbrands Inc. (NYSE:HBI)

Callan Family Office LLC acquired a new stake in Hanesbrands Inc. (NYSE:HBI) in the third quarter, HoldingsChannel reports. The institutional investor acquired 28,690 shares of the textile maker’s stock, valued at approximately $211,000.

A number of other hedge funds also recently made changes to their positions in HBI. Concord Wealth Partners increased its position in shares of Hanesbrands by 220.3% during the 1st quarter. Concord Wealth Partners now owns 5,260 shares of the textile maker’s stock worth $31,000 after purchasing an additional 3,618 shares in the last quarter. Tradewinds Capital Management LLC acquired a new stake in shares of Hanesbrands during the 1st quarter worth about $35,000. Rothschild Investment LLC acquired a new stake in shares of Hanesbrands during the 2nd quarter worth about $39,000. Hollencrest Capital Management acquired a new stake in shares of Hanesbrands during the 1st quarter worth about $41,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Hanesbrands during the 1st quarter worth about $44,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HBI shares. Stifel Nicolaus increased their target price on shares of Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research report on Monday, August 12th. Barclays increased their target price on shares of Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Finally, UBS Group raised their price objective on shares of Hanesbrands from $5.00 to $6.50 and gave the company 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, the company presently has an average rating of “Hold” and a consensus target price of $5.80.

Hanesbrands Trading Up 2.8 %

HBI opened at $7.39 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 50.06. The stock has a market capitalization of $2.60 billion, a PE ratio of -123.17 and a beta of 1.58. Hanesbrands Inc. has a 1-year low of $3.58 and a 1-year high of $7.44. The firm has a 50-day moving average price of $6.44 and a two-hundred day moving average price of $5.52.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. The firm had revenue of $995.40 million during the quarter, compared to analysts’ expectations of $1.35 billion. Hanesbrands had a negative net margin of 6.02% and a positive return on equity of 33.23%. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.01) EPS. As a group, equities analysts anticipate that Hanesbrands Inc. will post 0.35 earnings per share for the current fiscal year.

Hanesbrands Profile

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.