Creative Planning Has $1.13 Million Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Creative Planning boosted its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 22.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 152,998 shares of the textile maker’s stock after buying an additional 28,126 shares during the period. Creative Planning’s holdings in Hanesbrands were worth $1,125,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Hanesbrands by 3.5% during the first quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker’s stock worth $233,542,000 after acquiring an additional 1,362,140 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Hanesbrands in the first quarter valued at about $1,093,000. Shell Asset Management Co. boosted its position in shares of Hanesbrands by 127.0% during the first quarter. Shell Asset Management Co. now owns 20,417 shares of the textile maker’s stock worth $118,000 after buying an additional 11,423 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in shares of Hanesbrands by 212.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 409,468 shares of the textile maker’s stock worth $2,375,000 after buying an additional 278,383 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in Hanesbrands by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 70,932 shares of the textile maker’s stock valued at $411,000 after buying an additional 4,881 shares during the last quarter. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Performance

NYSE HBI opened at $6.94 on Friday. The firm’s fifty day moving average price is $6.86 and its two-hundred day moving average price is $5.74. Hanesbrands Inc. has a 1 year low of $3.58 and a 1 year high of $7.57. The firm has a market capitalization of $2.44 billion, a P/E ratio of -117.17 and a beta of 1.58. 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 (NYSE:HBI) last issued its earnings results on Thursday, August 8th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. The business had revenue of $995.40 million during the quarter, compared to the consensus estimate of $1.35 billion. Hanesbrands had a negative net margin of 6.02% and a positive return on equity of 33.23%. Hanesbrands’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the business posted ($0.01) EPS. As a group, research analysts anticipate that Hanesbrands Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HBI. Barclays raised their price target on shares of Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Stifel Nicolaus lifted their price target on shares of Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a research note on Monday, August 12th. Finally, UBS Group boosted their price target on shares of Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a research report on Tuesday, August 27th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.80.

About Hanesbrands

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.