Choreo LLC purchased a new position in shares of Hanesbrands Inc. (NYSE:HBI – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,923 shares of the textile maker’s stock, valued at approximately $82,000.
Other large investors have also modified their holdings of the company. Concord Wealth Partners raised its stake in shares of Hanesbrands by 220.3% during the first quarter. Concord Wealth Partners now owns 5,260 shares of the textile maker’s stock worth $31,000 after purchasing an additional 3,618 shares during the last quarter. Tradewinds Capital Management LLC purchased a new stake in shares of Hanesbrands during the first quarter worth approximately $35,000. Hollencrest Capital Management purchased a new stake in shares of Hanesbrands during the first quarter worth approximately $41,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Hanesbrands during the first quarter worth approximately $44,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Hanesbrands during the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.
Hanesbrands Stock Up 0.6 %
Hanesbrands stock opened at $6.99 on Friday. The company has a debt-to-equity ratio of 50.06, a quick ratio of 0.86 and a current ratio of 1.46. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of -116.50 and a beta of 1.57. Hanesbrands Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $7.06. The stock’s fifty day moving average is $6.07 and its two-hundred day moving average is $5.38.
Analysts Set New Price Targets
HBI has been the subject of several research analyst reports. Wedbush reiterated a “neutral” rating and issued a $5.00 price objective on shares of Hanesbrands in a research report on Thursday, June 6th. UBS Group increased their price objective on Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a research report on Tuesday, August 27th. Stifel Nicolaus increased their price objective on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research report on Monday, August 12th. Finally, Barclays increased their price objective on Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.80.
Read Our Latest Analysis on Hanesbrands
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.
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