85,945 Shares in Hanesbrands Inc. (NYSE:HBI) Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC bought a new position in shares of Hanesbrands Inc. (NYSE:HBI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 85,945 shares of the textile maker’s stock, valued at approximately $498,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Belpointe Asset Management LLC acquired a new stake in Hanesbrands in the third quarter valued at approximately $134,000. Exchange Traded Concepts LLC acquired a new stake in Hanesbrands in the fourth quarter valued at approximately $427,000. Raymond James Financial Services Advisors Inc. grew its holdings in Hanesbrands by 5.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 327,540 shares of the textile maker’s stock valued at $1,461,000 after purchasing an additional 16,831 shares during the period. Alhambra Investment Management LLC acquired a new stake in Hanesbrands in the fourth quarter valued at approximately $46,000. Finally, Global Retirement Partners LLC grew its holdings in Hanesbrands by 12.4% in the fourth quarter. Global Retirement Partners LLC now owns 82,428 shares of the textile maker’s stock valued at $368,000 after purchasing an additional 9,082 shares during the period. 80.31% of the stock is owned by institutional investors and hedge funds.

Hanesbrands Stock Down 0.4 %

HBI stock opened at $4.76 on Monday. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -79.33 and a beta of 1.59. The firm has a 50-day moving average of $4.90 and a two-hundred day moving average of $4.82. Hanesbrands Inc. has a 12 month low of $3.54 and a 12 month high of $5.86. The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 9.57.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, May 9th. The textile maker reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.19 billion. Hanesbrands had a positive return on equity of 9.84% and a negative net margin of 0.42%. The firm’s revenue was down 16.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) earnings per share. As a group, analysts forecast that Hanesbrands Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on HBI shares. Wedbush reissued a “neutral” rating and issued a $5.00 price objective on shares of Hanesbrands in a report on Thursday, June 6th. Barclays increased their target price on Hanesbrands from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Finally, Citigroup lifted their price target on Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hanesbrands currently has a consensus rating of “Hold” and a consensus price target of $5.00.

Hanesbrands 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.