Sei Investments Co. Raises Stock Position in Hanesbrands Inc. (NYSE:HBI)

Sei Investments Co. boosted its holdings in Hanesbrands Inc. (NYSE:HBI) by 366.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 341,232 shares of the textile maker’s stock after buying an additional 268,110 shares during the period. Sei Investments Co. owned 0.10% of Hanesbrands worth $1,682,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Concord Wealth Partners lifted its holdings in Hanesbrands by 220.3% in the 1st 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 in the last quarter. Tradewinds Capital Management LLC purchased a new position in Hanesbrands in the 1st quarter worth approximately $35,000. Hollencrest Capital Management purchased a new position in Hanesbrands in the 1st quarter worth approximately $41,000. Future Financial Wealth Managment LLC purchased a new position in Hanesbrands in the 1st quarter worth approximately $44,000. Finally, Rothschild Investment LLC purchased a new position in Hanesbrands in the 2nd quarter worth approximately $39,000. Institutional investors own 80.31% of the company’s stock.

Analyst Ratings Changes

HBI has been the topic of a number of research analyst reports. UBS Group boosted their price target on Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, August 27th. Barclays upped their price objective on Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, Stifel Nicolaus upped 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 analysts have rated the stock with a hold rating, According to MarketBeat.com, Hanesbrands currently has an average rating of “Hold” and an average target price of $5.80.

Hanesbrands Stock Performance

NYSE HBI opened at $7.09 on Friday. The company has a market cap of $2.49 billion, a P/E ratio of -118.17 and a beta of 1.58. 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 business’s 50 day moving average price is $6.39 and its 200-day moving average price is $5.49. Hanesbrands Inc. has a fifty-two week low of $3.58 and a fifty-two week high of $7.41.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, August 8th. The textile maker reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. The firm had revenue of $995.40 million for the quarter, compared to the consensus estimate of $1.35 billion. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) EPS. Sell-side analysts predict that Hanesbrands Inc. will post 0.35 earnings per share for the current year.

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.