135,518 Shares in Hanesbrands Inc. (NYSE:HBI) Acquired by XTX Topco Ltd

XTX Topco Ltd bought a new position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 135,518 shares of the textile maker's stock, valued at approximately $996,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Hanesbrands by 42.3% during the third 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 in the last quarter. Whittier Trust Co. purchased a new position in Hanesbrands during the third quarter worth about $51,000. Rothschild Investment LLC purchased a new position in Hanesbrands during the second quarter worth about $39,000. Intech Investment Management LLC purchased a new position in Hanesbrands during the second quarter worth about $51,000. Finally, ERTS Wealth Advisors LLC purchased a new position in Hanesbrands during the third quarter worth about $76,000. 80.31% of the stock is owned by institutional investors.

Hanesbrands Stock Performance

HBI traded up $0.25 during midday trading on Wednesday, reaching $8.66. The company had a trading volume of 4,921,932 shares, compared to its average volume of 7,648,556. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49. The stock has a market cap of $3.05 billion, a PE ratio of -12.73 and a beta of 1.63. Hanesbrands Inc. has a 12-month low of $3.71 and a 12-month high of $9.10. The business has a 50-day moving average price of $7.76 and a two-hundred day moving average price of $6.44.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.04. The company had revenue of $937.10 million for the quarter, compared to analysts' expectations of $936.47 million. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. Hanesbrands's revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 EPS. On average, sell-side analysts expect that Hanesbrands Inc. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HBI has been the topic of several analyst reports. Barclays boosted their price target on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. UBS Group upgraded shares of Hanesbrands from a "neutral" rating to a "buy" rating and boosted their target price for the company from $9.00 to $11.00 in a research note on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $6.90.

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.