Hanesbrands Inc. (NYSE:HBI) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,817 shares of the textile maker’s stock after acquiring an additional 5,664 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.05% of Hanesbrands worth $872,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HBI. Vanguard Group Inc. lifted its holdings in shares of Hanesbrands by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker’s stock worth $233,542,000 after purchasing an additional 1,362,140 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Hanesbrands in the 1st quarter worth about $1,093,000. Shell Asset Management Co. boosted its stake in Hanesbrands by 127.0% during the 1st quarter. Shell Asset Management Co. now owns 20,417 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 11,423 shares during the period. State Board of Administration of Florida Retirement System grew its position in Hanesbrands by 212.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 409,468 shares of the textile maker’s stock worth $2,375,000 after purchasing an additional 278,383 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Hanesbrands by 7.4% during the first quarter. ProShare Advisors LLC now owns 70,932 shares of the textile maker’s stock valued at $411,000 after buying an additional 4,881 shares during the last quarter. Institutional investors own 80.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HBI. UBS Group raised their price target on Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a report on Tuesday, August 27th. Stifel Nicolaus lifted their price target on Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a research report on Monday, August 12th. Finally, Barclays upped their price objective on Hanesbrands from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Six analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.80.

Hanesbrands Price Performance

HBI stock opened at $7.24 on Monday. Hanesbrands Inc. has a one year low of $3.58 and a one year high of $7.44. The firm has a 50-day moving average of $6.54 and a two-hundred day moving average of $5.56. The firm has a market capitalization of $2.55 billion, a PE ratio of -120.67 and a beta of 1.58. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 50.06.

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, topping the consensus estimate of $0.10 by $0.05. The firm had revenue of $995.40 million for 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 period in the previous year, the company posted ($0.01) EPS. On average, analysts forecast that Hanesbrands Inc. will post 0.34 earnings per share for the current year.

Hanesbrands Company 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.