Drucker Wealth 3.0 LLC Buys Shares of 11,543 Hanesbrands Inc. (NYSE:HBI)

Drucker Wealth 3.0 LLC bought a new stake in Hanesbrands Inc. (NYSE:HBI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,543 shares of the textile maker’s stock, valued at approximately $57,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Squarepoint Ops LLC boosted its stake in shares of Hanesbrands by 193.4% in the second quarter. Squarepoint Ops LLC now owns 834,104 shares of the textile maker’s stock valued at $4,112,000 after buying an additional 549,855 shares in the last quarter. Aristeia Capital L.L.C. boosted its stake in shares of Hanesbrands by 63.3% in the second quarter. Aristeia Capital L.L.C. now owns 117,289 shares of the textile maker’s stock valued at $578,000 after buying an additional 45,468 shares in the last quarter. K2 Principal Fund L.P. purchased a new stake in shares of Hanesbrands in the second quarter valued at approximately $246,000. Marshall Wace LLP purchased a new stake in shares of Hanesbrands in the second quarter valued at approximately $70,000. Finally, Evergreen Capital Management LLC boosted its stake in shares of Hanesbrands by 6.6% in the second quarter. Evergreen Capital Management LLC now owns 37,454 shares of the textile maker’s stock valued at $185,000 after buying an additional 2,316 shares in the last quarter. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HBI shares. Wedbush restated a “neutral” rating and issued a $5.00 price target on shares of Hanesbrands in a research note on Thursday, June 6th. Barclays lifted their price target on Hanesbrands from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Stifel Nicolaus lifted their price target on 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 lifted their price objective on 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, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.80.

Hanesbrands Stock Performance

Shares of HBI stock opened at $7.15 on Friday. The stock has a fifty day moving average price of $6.20 and a 200 day moving average price of $5.42. The stock has a market cap of $2.51 billion, a PE ratio of -119.17 and a beta of 1.57. Hanesbrands Inc. has a 1 year low of $3.54 and a 1 year high of $7.20. The company has a debt-to-equity ratio of 50.06, a quick ratio of 0.86 and a current ratio of 1.46.

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