Tidal Investments LLC bought a new position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 138,865 shares of the textile maker's stock, valued at approximately $1,021,000.
A number of other large investors have also modified their holdings of HBI. Rothschild Investment LLC purchased a new position in shares of Hanesbrands in the second quarter worth about $39,000. Blue Trust Inc. raised its holdings in 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 acquiring an additional 1,594 shares during the last quarter. Intech Investment Management LLC purchased a new position in Hanesbrands in the 2nd quarter worth approximately $51,000. Whittier Trust Co. acquired a new position in shares of Hanesbrands during the 3rd quarter worth approximately $51,000. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of Hanesbrands in the second quarter valued at approximately $55,000. Hedge funds and other institutional investors own 80.31% of the company's stock.
A number of equities analysts have weighed in on HBI shares. UBS Group raised Hanesbrands from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Barclays boosted their price target on shares of Hanesbrands from $6.00 to $7.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.90.
Get Our Latest Analysis on Hanesbrands
HBI opened at $8.10 on Friday. The stock has a market capitalization of $2.86 billion, a PE ratio of -12.27 and a beta of 1.64. Hanesbrands Inc. has a one year low of $3.88 and a one year 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 business's 50 day moving average price is $7.94 and its 200 day moving average price is $6.60.
Hanesbrands (NYSE:HBI - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $937.10 million for the quarter, compared to analyst estimates of $936.47 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The company's quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 EPS. As a group, equities research analysts expect that Hanesbrands Inc. will post 0.39 EPS for the current year.
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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