Stifel Financial Corp Raises Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Stifel Financial Corp grew its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 7.8% during the third quarter, Holdings Channel reports. The institutional investor owned 201,501 shares of the textile maker’s stock after buying an additional 14,655 shares during the period. Stifel Financial Corp’s holdings in Hanesbrands were worth $1,481,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Rothschild Investment LLC purchased a new position in Hanesbrands during the second quarter valued at approximately $39,000. Blue Trust Inc. raised its position in shares of Hanesbrands by 42.3% during 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 shares of Hanesbrands during the 2nd quarter valued at $51,000. Whittier Trust Co. bought a new position in Hanesbrands in the 3rd quarter worth $51,000. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in Hanesbrands in the 2nd quarter worth $55,000. 80.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on HBI shares. Barclays boosted their price target on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. UBS Group upgraded Hanesbrands from a “neutral” rating to a “buy” rating and raised their price objective for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.90.

Hanesbrands Price Performance

HBI stock opened at $8.23 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 21.50. Hanesbrands Inc. has a 52 week low of $3.88 and a 52 week high of $9.10. The company has a fifty day simple moving average of $7.96 and a two-hundred day simple moving average of $6.63. The firm has a market capitalization of $2.90 billion, a P/E ratio of -12.47 and a beta of 1.64.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. The company had revenue of $937.10 million during the quarter, compared to analyst estimates of $936.47 million. During the same period in the previous year, the firm earned $0.10 earnings per share. Hanesbrands’s quarterly revenue was down 2.5% compared to the same quarter last year. Analysts anticipate that Hanesbrands Inc. will post 0.39 earnings per share for the current fiscal 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.