Hanesbrands Inc. (NYSE:HBI) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. boosted its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 42.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,359 shares of the textile maker’s stock after buying an additional 1,594 shares during the quarter. Blue Trust Inc.’s holdings in Hanesbrands were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Hanesbrands by 3.5% in 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 in the last quarter. GSA Capital Partners LLP acquired a new position in Hanesbrands during the 1st quarter valued at about $1,093,000. Shell Asset Management Co. lifted its stake in shares of Hanesbrands by 127.0% in the 1st quarter. Shell Asset Management Co. now owns 20,417 shares of the textile maker’s stock worth $118,000 after acquiring an additional 11,423 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in shares of Hanesbrands by 212.4% in the 1st 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 acquiring an additional 278,383 shares during the period. Finally, ProShare Advisors LLC raised its holdings in shares of Hanesbrands by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 70,932 shares of the textile maker’s stock worth $411,000 after purchasing an additional 4,881 shares in the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Up 2.1 %

Shares of NYSE HBI opened at $7.10 on Friday. The firm’s 50-day moving average is $6.88 and its 200-day moving average is $5.75. 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 $2.50 billion, a PE ratio of -8.35 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 posted its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Hanesbrands had a negative net margin of 6.02% and a positive return on equity of 33.23%. The company had revenue of $995.40 million for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the company earned ($0.01) earnings per share. The firm’s revenue was down 3.8% compared to the same quarter last year. Equities analysts expect that Hanesbrands Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on HBI. Stifel Nicolaus upped their price objective 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. Barclays upped their target price on shares of Hanesbrands from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Finally, UBS Group increased their price objective on shares of Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, August 27th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hanesbrands currently has a consensus 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.