Centiva Capital LP Buys New Shares in Hanesbrands Inc. (NYSE:HBI)

Centiva Capital LP purchased a new position in Hanesbrands Inc. (NYSE:HBI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 62,436 shares of the textile maker’s stock, valued at approximately $459,000.

Several other institutional investors also recently modified their holdings of the stock. Rothschild Investment LLC bought a new stake in shares of Hanesbrands during the 2nd quarter worth $39,000. Blue Trust Inc. boosted its position in shares of Hanesbrands by 42.3% in the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 1,594 shares during the period. Intech Investment Management LLC purchased a new position in Hanesbrands in the 2nd quarter worth about $51,000. Whittier Trust Co. acquired a new stake in Hanesbrands during the 3rd quarter worth about $51,000. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in Hanesbrands during the second quarter valued at about $55,000. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Trading Down 1.9 %

NYSE:HBI opened at $8.45 on Monday. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49. The company has a market capitalization of $2.98 billion, a P/E ratio of -12.80 and a beta of 1.64. The stock’s 50 day moving average price is $7.72 and its 200 day moving average price is $6.40. Hanesbrands Inc. has a 52 week low of $3.71 and a 52 week high of $9.10.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $937.10 million for the quarter, compared to the consensus estimate of $936.47 million. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. Hanesbrands’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. On average, research analysts forecast that Hanesbrands Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and boosted their target price for the company from $9.00 to $11.00 in a research note on Tuesday, November 26th. Barclays raised their price target on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, Stifel Nicolaus upped their price objective on shares of Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a research note on Monday, August 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Hanesbrands has an average rating of “Hold” and a consensus price target of $6.90.

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.