SG Americas Securities LLC lifted its position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 66.7% in the fourth quarter, according to the company in its most recent disclosure 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 quarter. SG Americas Securities LLC's holdings in Hanesbrands were worth $1,085,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Hanesbrands by 1.1% in the third quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker's stock valued at $58,183,000 after purchasing an additional 89,367 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in Hanesbrands in the fourth quarter valued at about $62,199,000. Dimensional Fund Advisors LP increased its holdings in Hanesbrands by 18.2% in the second quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker's stock valued at $32,836,000 after purchasing an additional 1,024,308 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Hanesbrands by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,382,574 shares of the textile maker's stock valued at $32,212,000 after purchasing an additional 11,074 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Hanesbrands by 484.0% in the third quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker's stock valued at $15,757,000 after purchasing an additional 1,776,690 shares during the last quarter. Institutional investors own 80.31% of the company's stock.
Hanesbrands Trading Down 4.4 %
NYSE:HBI traded down $0.37 on Friday, reaching $8.11. The company's stock had a trading volume of 4,879,182 shares, compared to its average volume of 3,964,524. 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 firm has a market cap of $2.86 billion, a PE ratio of -12.29 and a beta of 1.64. The business's 50-day moving average price is $8.40 and its two-hundred day moving average price is $7.33. Hanesbrands Inc. has a 1-year low of $4.06 and a 1-year high of $9.10.
Hanesbrands (NYSE:HBI - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $937.10 million during 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%. Hanesbrands's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. Equities research analysts anticipate that Hanesbrands Inc. will post 0.39 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have issued reports on HBI. Barclays boosted their target price on Hanesbrands from $6.00 to $7.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. UBS Group raised 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $6.90.
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About Hanesbrands
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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.
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