Aigen Investment Management LP Takes Position in Hanesbrands Inc. (NYSE:HBI)

Aigen Investment Management LP purchased a new position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 88,663 shares of the textile maker's stock, valued at approximately $652,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of 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 in the last quarter. Alpha Omega Wealth Management LLC increased its position in Hanesbrands by 1.3% during the second quarter. Alpha Omega Wealth Management LLC now owns 157,903 shares of the textile maker's stock worth $778,000 after buying an additional 2,072 shares during the period. Arizona State Retirement System boosted its stake in Hanesbrands by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 98,420 shares of the textile maker's stock worth $485,000 after purchasing an additional 2,221 shares during the period. Evergreen Capital Management LLC grew its holdings in shares of Hanesbrands by 6.6% during the second quarter. Evergreen Capital Management LLC now owns 37,454 shares of the textile maker's stock worth $185,000 after buying an additional 2,316 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in shares of Hanesbrands by 13.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 25,432 shares of the textile maker's stock valued at $148,000 after purchasing an additional 3,043 shares during the last quarter. Hedge funds and other institutional investors own 80.31% of the company's stock.

Analyst Ratings Changes

HBI has been the subject of several analyst reports. Stifel Nicolaus increased their price target on shares of Hanesbrands from $4.50 to $6.00 and gave the stock a "hold" rating in a report on Monday, August 12th. UBS Group upped their price objective on Hanesbrands from $5.00 to $6.50 and gave the stock a "neutral" rating in a report on Tuesday, August 27th. Finally, Barclays increased their price objective on Hanesbrands from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research report on Monday. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $6.00.

Hanesbrands Price Performance

NYSE HBI traded down $0.01 during trading hours on Thursday, reaching $7.89. The company's stock had a trading volume of 4,385,385 shares, compared to its average volume of 7,788,532. 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 company's 50-day moving average is $7.10 and its two-hundred day moving average is $5.94. The stock has a market cap of $2.78 billion, a PE ratio of -12.21 and a beta of 1.58. Hanesbrands Inc. has a fifty-two week low of $3.58 and a fifty-two week high of $8.70.

Hanesbrands (NYSE:HBI - Get Free Report) 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 company had revenue of $937.10 million for the quarter, compared to analyst estimates of $936.47 million. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. The firm's quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. Analysts forecast that Hanesbrands Inc. will post 0.39 EPS for the current 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.