Tradewinds Capital Management LLC Makes New Investment in Hanesbrands Inc. (NYSE:HBI)

Tradewinds Capital Management LLC bought a new position in Hanesbrands Inc. (NYSE:HBI) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 6,000 shares of the textile maker’s stock, valued at approximately $35,000.

A number of other institutional investors have also bought and sold shares of the business. Loews Corp increased its holdings in shares of Hanesbrands by 54.2% during the 4th quarter. Loews Corp now owns 16,500,000 shares of the textile maker’s stock worth $73,590,000 after buying an additional 5,800,000 shares during the last quarter. Gate City Capital Management LLC acquired a new stake in Hanesbrands in the 4th quarter valued at approximately $9,812,000. Morningstar Investment Services LLC increased its holdings in Hanesbrands by 93.1% in the 4th quarter. Morningstar Investment Services LLC now owns 4,290,891 shares of the textile maker’s stock valued at $19,051,000 after purchasing an additional 2,069,204 shares during the last quarter. Partnership Wealth Management LLC acquired a new stake in Hanesbrands in the 4th quarter valued at approximately $3,425,000. Finally, Dimensional Fund Advisors LP increased its holdings in Hanesbrands by 12.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,749,433 shares of the textile maker’s stock valued at $25,642,000 after purchasing an additional 632,865 shares during the last quarter. 80.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HBI shares. Wedbush reiterated a “neutral” rating and issued a $5.00 target price on shares of Hanesbrands in a report on Thursday, June 6th. Barclays raised their price target on shares of Hanesbrands from $4.00 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Finally, Citigroup raised their price target on shares of Hanesbrands from $4.50 to $5.50 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, Hanesbrands presently has an average rating of “Hold” and an average price target of $5.00.

Hanesbrands Price Performance

Hanesbrands stock opened at $4.77 on Thursday. The company has a fifty day simple moving average of $4.89 and a 200-day simple moving average of $4.80. Hanesbrands Inc. has a 12-month low of $3.54 and a 12-month high of $5.86. The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 9.57.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, May 9th. The textile maker reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.04. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Hanesbrands had a negative net margin of 0.42% and a positive return on equity of 9.84%. The company’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.06) EPS. Research analysts expect that Hanesbrands Inc. will post 0.46 EPS for the current year.

Hanesbrands Company 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.