Moors & Cabot Inc. Acquires 3,500 Shares of Hanesbrands Inc. (NYSE:HBI)

Moors & Cabot Inc. boosted its holdings in Hanesbrands Inc. (NYSE:HBI) by 8.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,383 shares of the textile maker’s stock after acquiring an additional 3,500 shares during the quarter. Moors & Cabot Inc.’s holdings in Hanesbrands were worth $229,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HBI. Concord Wealth Partners increased its position in shares of Hanesbrands by 220.3% during the 1st quarter. Concord Wealth Partners now owns 5,260 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 3,618 shares during the last quarter. Tradewinds Capital Management LLC purchased a new stake in Hanesbrands during the 1st quarter valued at about $35,000. Rothschild Investment LLC purchased a new stake in Hanesbrands during the 2nd quarter valued at about $39,000. Hollencrest Capital Management purchased a new stake in Hanesbrands during the 1st quarter valued at about $41,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in Hanesbrands during the 1st quarter valued at about $44,000. 80.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HBI shares. Barclays increased their target price on Hanesbrands from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. UBS Group increased their target price on Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a report on Tuesday, August 27th. Wedbush reiterated a “neutral” rating and issued a $5.00 price objective on shares of Hanesbrands in a report on Thursday, June 6th. Finally, Stifel Nicolaus increased their price objective on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a report on Monday, August 12th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.80.

Hanesbrands Trading Up 0.6 %

NYSE HBI opened at $6.99 on Friday. Hanesbrands Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $7.06. 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 stock has a 50 day simple moving average of $6.07 and a two-hundred day simple moving average of $5.38. The stock has a market cap of $2.46 billion, a P/E ratio of -116.50 and a beta of 1.57.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.15 earnings per share for the quarter, topping 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 business had revenue of $995.40 million during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the business posted ($0.01) EPS. The business’s revenue was down 3.8% on a year-over-year basis. On average, analysts forecast that Hanesbrands Inc. will post 0.35 earnings per share for the current year.

Hanesbrands 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.