Sigma Planning Corp boosted its position in shares of Hanesbrands Inc. (NYSE:HBI – Get Rating) by 68.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,569 shares of the textile maker’s stock after purchasing an additional 35,196 shares during the quarter. Sigma Planning Corp’s holdings in Hanesbrands were worth $603,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. RFG Advisory LLC purchased a new position in Hanesbrands during the 3rd quarter worth $71,000. Credit Suisse AG boosted its position in Hanesbrands by 2.4% during the 3rd quarter. Credit Suisse AG now owns 426,993 shares of the textile maker’s stock valued at $2,971,000 after acquiring an additional 9,866 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Hanesbrands by 463.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 5,989 shares of the textile maker’s stock valued at $42,000 after acquiring an additional 4,927 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in Hanesbrands during the 3rd quarter valued at $1,335,000. Finally, Bank of Montreal Can boosted its position in Hanesbrands by 2.6% during the 3rd quarter. Bank of Montreal Can now owns 464,787 shares of the textile maker’s stock valued at $3,365,000 after acquiring an additional 11,577 shares in the last quarter. 81.87% of the stock is currently owned by hedge funds and other institutional investors.
Hanesbrands Stock Performance
NYSE HBI opened at $5.71 on Tuesday. The stock has a 50-day simple moving average of $6.84 and a two-hundred day simple moving average of $7.59. The firm has a market capitalization of $1.99 billion, a P/E ratio of -15.86 and a beta of 1.55. Hanesbrands Inc. has a fifty-two week low of $5.57 and a fifty-two week high of $16.38. The company has a debt-to-equity ratio of 9.07, a quick ratio of 0.64 and a current ratio of 1.75.
Hanesbrands (NYSE:HBI – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The textile maker reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Hanesbrands had a negative net margin of 2.04% and a positive return on equity of 53.41%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. Hanesbrands’s revenue for the quarter was down 15.9% on a year-over-year basis. On average, equities analysts forecast that Hanesbrands Inc. will post 0.36 earnings per share for the current year.
Analysts Set New Price Targets
HBI has been the topic of several recent research reports. StockNews.com cut Hanesbrands from a “hold” rating to a “sell” rating in a research report on Friday, February 3rd. Credit Suisse Group dropped their target price on Hanesbrands from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, February 3rd. Wells Fargo & Company cut Hanesbrands from an “overweight” rating to an “underweight” rating and lowered their price objective for the stock from $13.00 to $5.00 in a research report on Monday, October 31st. Barclays raised their price objective on Hanesbrands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, January 13th. Finally, Citigroup lowered their price objective on Hanesbrands from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.00.
Hanesbrands Company Profile
Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear, and International.