Stifel Financial Corp Increases Stake in Hanesbrands Inc. (NYSE:HBI)

Stifel Financial Corp increased its stake in Hanesbrands Inc. (NYSE:HBI) by 7.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,501 shares of the textile maker’s stock after buying an additional 14,655 shares during the period. Stifel Financial Corp owned 0.06% of Hanesbrands worth $1,481,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Quantinno Capital Management LP purchased a new position in shares of Hanesbrands in the 3rd quarter valued at approximately $77,000. RBF Capital LLC grew its position in shares of Hanesbrands by 10.3% in the 3rd quarter. RBF Capital LLC now owns 600,357 shares of the textile maker’s stock worth $4,267,000 after buying an additional 55,935 shares during the period. Centiva Capital LP bought a new position in shares of Hanesbrands in the 3rd quarter worth about $459,000. Verition Fund Management LLC purchased a new position in Hanesbrands during the 3rd quarter valued at about $7,249,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Hanesbrands by 388.9% during the third quarter. BNP Paribas Financial Markets now owns 742,314 shares of the textile maker’s stock valued at $5,456,000 after purchasing an additional 590,493 shares in the last quarter. 80.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on HBI. Barclays raised their price objective on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $11.00 in a report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.90.

Hanesbrands Trading Up 1.6 %

NYSE:HBI opened at $8.23 on Friday. The company has a market cap of $2.90 billion, a PE ratio of -12.47 and a beta of 1.64. Hanesbrands Inc. has a 12 month low of $3.88 and a 12 month high of $9.10. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 21.50. The company has a 50 day simple moving average of $7.96 and a two-hundred day simple moving average of $6.63.

Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.04. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The business had revenue of $937.10 million for the quarter, compared to analysts’ expectations of $936.47 million. During the same period last year, the firm posted $0.10 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. Research analysts forecast that Hanesbrands Inc. will post 0.39 earnings per share for the current year.

Hanesbrands Company 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.