Nisa Investment Advisors LLC boosted its holdings in Hanesbrands Inc. (NYSE:HBI – Free Report) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 45,876 shares of the textile maker’s stock after buying an additional 2,952 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Hanesbrands were worth $373,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HBI. Blue Trust Inc. boosted its holdings in Hanesbrands by 42.3% in the third 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 last quarter. GAMMA Investing LLC lifted its position in shares of Hanesbrands by 39.7% during the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 1,895 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Hanesbrands by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 176,817 shares of the textile maker’s stock valued at $872,000 after acquiring an additional 5,664 shares during the period. Whittier Trust Co. acquired a new position in shares of Hanesbrands in the 3rd quarter valued at about $51,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in Hanesbrands by 8.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 115,226 shares of the textile maker’s stock worth $847,000 after purchasing an additional 9,457 shares during the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on HBI shares. UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and upped their target price for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Barclays increased their target price on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.90.
Hanesbrands Trading Down 2.9 %
HBI opened at $8.08 on Thursday. Hanesbrands Inc. has a twelve month low of $4.06 and a twelve month high of $9.10. 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 firm has a market cap of $2.85 billion, a PE ratio of -12.23 and a beta of 1.64. The firm’s fifty day moving average is $8.40 and its two-hundred day moving average is $7.28.
Hanesbrands (NYSE:HBI – Get Free Report) last announced its earnings results on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The business had revenue of $937.10 million during the quarter, compared to analysts’ expectations of $936.47 million. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. The firm’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share. Equities research analysts anticipate that Hanesbrands Inc. will post 0.39 EPS for the current year.
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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