2 weeks Ago By ABMN Staff
Amalgamated Bank reduced its stake in shares of Hanesbrands Inc. ( NYSE:HBI – Free Report ) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 107,544 shares of the textile maker’s stock after selling 1,764 shares during the period. Amalgamated Bank’s holdings in Hanesbrands were worth $530,000 at the end of the most recent quarter. Several other institutional investors also recently bought and sold shares of the stock.
Moors & Cabot Inc. raised its holdings in Hanesbrands by 8.2% during the second quarter.
Moors & Cabot Inc. now owns 46,383 shares of the textile maker’s stock valued at $229,000 after buying an additional 3,500 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hanesbrands by 18.
2% in the second quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker’s stock worth $32,836,000 after purchasing an additional 1,024,308 shares during the period. WINTON GROUP Ltd increased its stake in shares of Hanesbrands by 183.
7% in the second quarter. WINTON GROUP Ltd now owns 67,684 shares of the textile maker’s stock worth $334,000 after purchasing an additional 43,826 shares during the period. J.
W. Cole Advisors Inc. increased its stake in shares of Hanesbrands by 20.
9% in the second quarter. J.W.
Cole Advisors Inc. now owns 26,728 shares of the textile maker’s stock worth $132,000 after purchasing an additional 4,623 shares during the period. Finally, American Century Companies Inc.
increased its stake in shares of Hanesbrands by 19.0% in the second quarter. American Century Companies Inc.
now owns 526,758 shares of the textile maker’s stock worth $2,597,000 after purchasing an additional 84,027 shares during the period. 80.31% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets A number of equities analysts have recently commented on HBI shares. Wedbush reiterated a “neutral” rating and issued a $5.00 price objective on shares of Hanesbrands in a research note on Thursday, June 6th.
UBS Group lifted their price objective on Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a research note on Tuesday, August 27th.
Barclays lifted their price objective on Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th.
Finally, Stifel Nicolaus boosted their price target on Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a research note on Monday, August 12th.
Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.80. Hanesbrands Trading Up 1.
8 % Hanesbrands stock opened at $7.28 on Monday. The business has a 50 day moving average price of $6.
24 and a two-hundred day moving average price of $5.43. The company has a quick ratio of 0.
86, a current ratio of 1.46 and a debt-to-equity ratio of 50.06.
The stock has a market cap of $2.56 billion, a price-to-earnings ratio of -121.33 and a beta of 1.
57. Hanesbrands Inc. has a 12 month low of $3.
55 and a 12 month high of $7.31. Hanesbrands ( NYSE:HBI – Get Free Report ) last posted its quarterly earnings results on Thursday, August 8th.
The textile maker reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.
05. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.
02%. The firm had revenue of $995.40 million during the quarter, compared to analysts’ expectations of $1.
35 billion. During the same quarter in the prior year, the firm posted ($0.01) EPS.
The company’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, equities analysts forecast that Hanesbrands Inc.
will post 0.35 EPS for the current year. Hanesbrands Company Profile ( Free Report ) 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. Further Reading Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter .
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