Hanesbrands Inc. (NYSE:HBI) Stock Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Hanesbrands Inc. (NYSE:HBI) by 66.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 133,255 shares of the textile maker’s stock after acquiring an additional 53,339 shares during the period. SG Americas Securities LLC’s holdings in Hanesbrands were worth $1,085,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its position in Hanesbrands by 42.3% during the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after acquiring an additional 1,594 shares during the period. Whittier Trust Co. purchased a new position in Hanesbrands during the 3rd quarter worth approximately $51,000. GAMMA Investing LLC raised its position in Hanesbrands by 39.7% during the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock valued at $54,000 after buying an additional 1,895 shares during the period. Marshall Wace LLP purchased a new position in Hanesbrands during the second quarter valued at approximately $70,000. Finally, ERTS Wealth Advisors LLC purchased a new position in shares of Hanesbrands during the 3rd quarter valued at $76,000. Institutional investors own 80.31% of the company’s stock.

Analyst Ratings Changes

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

Hanesbrands Stock Down 0.9 %

NYSE HBI opened at $8.31 on Wednesday. The company has a market cap of $2.93 billion, a price-to-earnings ratio of -12.58 and a beta of 1.64. Hanesbrands Inc. has a 1-year low of $4.06 and a 1-year 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 moving average of $8.41 and a 200-day moving average of $7.28.

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