Callan Family Office LLC Invests $211,000 in Hanesbrands Inc. (NYSE:HBI)

Callan Family Office LLC purchased a new position in shares of Hanesbrands Inc. (NYSE:HBI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 28,690 shares of the textile maker’s stock, valued at approximately $211,000.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Hanesbrands by 3.5% during 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 during the last quarter. Loews Corp increased its stake in shares of Hanesbrands by 108.7% during the 2nd quarter. Loews Corp now owns 29,197,796 shares of the textile maker’s stock worth $143,945,000 after purchasing an additional 15,206,007 shares during the last quarter. Cooke & Bieler LP increased its stake in shares of Hanesbrands by 2.1% during the 2nd quarter. Cooke & Bieler LP now owns 16,329,763 shares of the textile maker’s stock worth $80,506,000 after purchasing an additional 342,056 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hanesbrands by 18.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker’s stock worth $32,836,000 after purchasing an additional 1,024,308 shares during the last quarter. Finally, Brandes Investment Partners LP increased its stake in shares of Hanesbrands by 3.9% during the 2nd quarter. Brandes Investment Partners LP now owns 4,834,202 shares of the textile maker’s stock worth $23,761,000 after purchasing an additional 183,069 shares during the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Price Performance

NYSE HBI opened at $7.39 on Wednesday. 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 1 year low of $3.58 and a 1 year high of $7.44. The company has a fifty day simple moving average of $6.44 and a 200 day simple moving average of $5.52. The company has a market cap of $2.60 billion, a P/E ratio of -123.17 and a beta of 1.58.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results 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. Hanesbrands had a negative net margin of 6.02% and a positive return on equity of 33.23%. The firm had revenue of $995.40 million during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm earned ($0.01) EPS. The business’s revenue was down 3.8% on a year-over-year basis. On average, sell-side analysts predict that Hanesbrands Inc. will post 0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HBI shares. Stifel Nicolaus increased their price target 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 upped their price objective on shares of Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, UBS Group upped their price objective on shares of Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, August 27th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hanesbrands 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.