Hanesbrands Inc. (NYSE:HBI) Shares Bought by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. grew its position in Hanesbrands Inc. (NYSE:HBI) by 63.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,289 shares of the textile maker’s stock after acquiring an additional 45,468 shares during the quarter. Aristeia Capital L.L.C.’s holdings in Hanesbrands were worth $578,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Alpha Omega Wealth Management LLC boosted its stake in Hanesbrands by 1.3% during the 2nd quarter. Alpha Omega Wealth Management LLC now owns 157,903 shares of the textile maker’s stock worth $778,000 after purchasing an additional 2,072 shares during the period. Arizona State Retirement System boosted its stake in shares of Hanesbrands by 2.3% during the second quarter. Arizona State Retirement System now owns 98,420 shares of the textile maker’s stock worth $485,000 after buying an additional 2,221 shares during the period. Evergreen Capital Management LLC grew its holdings in shares of Hanesbrands by 6.6% during the second quarter. Evergreen Capital Management LLC now owns 37,454 shares of the textile maker’s stock worth $185,000 after buying an additional 2,316 shares during the last quarter. Platinum Investment Management Ltd. increased its position in Hanesbrands by 12.8% in the 4th quarter. Platinum Investment Management Ltd. now owns 24,779 shares of the textile maker’s stock valued at $111,000 after acquiring an additional 2,812 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in Hanesbrands by 13.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 25,432 shares of the textile maker’s stock worth $148,000 after acquiring an additional 3,043 shares during the period. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Hanesbrands Price Performance

HBI stock opened at $6.71 on Tuesday. The firm has a 50 day moving average of $6.10 and a 200-day moving average of $5.39. The company has a market cap of $2.36 billion, a price-to-earnings ratio of -111.75 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. Hanesbrands Inc. has a 12-month low of $3.54 and a 12-month high of $7.06.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, August 8th. The textile maker reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. The company had revenue of $995.40 million for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the company earned ($0.01) earnings per share. Hanesbrands’s revenue was down 3.8% compared to the same quarter last year. As a group, equities analysts expect that Hanesbrands Inc. will post 0.35 EPS for the current fiscal 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.