J.W. Cole Advisors Inc. Raises Stake in Hanesbrands Inc. (NYSE:HBI)

J.W. Cole Advisors Inc. boosted its holdings in Hanesbrands Inc. (NYSE:HBI) by 20.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,728 shares of the textile maker’s stock after purchasing an additional 4,623 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Hanesbrands were worth $132,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Loews Corp grew its stake in shares of Hanesbrands by 108.7% in the 2nd quarter. Loews Corp now owns 29,197,796 shares of the textile maker’s stock worth $143,945,000 after buying an additional 15,206,007 shares during the last quarter. Gate City Capital Management LLC bought a new position in shares of Hanesbrands during the fourth quarter valued at $9,812,000. Morningstar Investment Services LLC raised its position in shares of Hanesbrands by 93.1% in the 4th quarter. Morningstar Investment Services LLC now owns 4,290,891 shares of the textile maker’s stock worth $19,051,000 after purchasing an additional 2,069,204 shares during the last quarter. Vanguard Group Inc. boosted its stake in Hanesbrands by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker’s stock worth $233,542,000 after purchasing an additional 1,362,140 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Hanesbrands by 12.4% during 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. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Price Performance

Shares of HBI opened at $6.96 on Friday. The firm has a market cap of $2.45 billion, a PE ratio of -116.00 and a beta of 1.57. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 50.06. The firm has a fifty day simple moving average of $6.03 and a two-hundred day simple moving average of $5.37. Hanesbrands Inc. has a 1-year low of $3.54 and a 1-year high of $7.06.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $995.40 million for the quarter, compared to analysts’ expectations of $1.35 billion. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) EPS. On average, equities analysts anticipate that Hanesbrands Inc. will post 0.35 EPS for the current year.

Analyst Ratings Changes

HBI has been the topic of several analyst reports. Stifel Nicolaus upped their target price on shares of Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Barclays increased their target price on Hanesbrands from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Wedbush restated a “neutral” rating and issued a $5.00 price target on shares of Hanesbrands in a research note on Thursday, June 6th. Finally, UBS Group increased their price objective on Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a research report on Tuesday, August 27th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.80.

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.