Centiva Capital LP Invests $459,000 in Hanesbrands Inc. (NYSE:HBI)

Centiva Capital LP bought a new position in Hanesbrands Inc. (NYSE:HBI - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 62,436 shares of the textile maker's stock, valued at approximately $459,000.

Several other large investors have also made changes to their positions in HBI. Price T Rowe Associates Inc. MD grew its holdings in shares of Hanesbrands by 8.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 163,147 shares of the textile maker's stock worth $947,000 after purchasing an additional 12,637 shares during the last quarter. Cetera Advisors LLC grew its holdings in Hanesbrands by 233.4% during the 1st quarter. Cetera Advisors LLC now owns 35,481 shares of the textile maker's stock worth $206,000 after acquiring an additional 24,839 shares during the last quarter. CWM LLC grew its holdings in Hanesbrands by 25.6% during the 2nd quarter. CWM LLC now owns 34,283 shares of the textile maker's stock worth $169,000 after acquiring an additional 6,998 shares during the last quarter. SG Americas Securities LLC grew its holdings in Hanesbrands by 1,211.6% during the 2nd quarter. SG Americas Securities LLC now owns 278,326 shares of the textile maker's stock worth $1,372,000 after acquiring an additional 257,105 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Hanesbrands during the 2nd quarter worth about $55,000. Institutional investors own 80.31% of the company's stock.

Hanesbrands Trading Down 0.9 %

Hanesbrands stock traded down $0.08 during trading hours on Monday, reaching $8.37. 5,113,554 shares of the company's stock traded hands, compared to its average volume of 7,666,067. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49. Hanesbrands Inc. has a fifty-two week low of $3.71 and a fifty-two week high of $9.10. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of -12.68 and a beta of 1.63. The firm's 50 day moving average is $7.74 and its 200-day moving average is $6.42.

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 the consensus estimate of $936.47 million. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. The company'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, analysts predict that Hanesbrands Inc. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on HBI shares. Barclays increased their price objective 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 raised shares of Hanesbrands from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $9.00 to $11.00 in a report on Tuesday, November 26th. Finally, Stifel Nicolaus increased their price objective on shares of Hanesbrands from $4.50 to $6.00 and gave the stock a "hold" rating in a report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $6.90.

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.