1 week Ago By Defense World Staff
Norges Bank acquired a new position in shares of Hanesbrands Inc. ( NYSE:HBI – Free Report ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,965 shares of the textile maker’s stock, valued at approximately $301,000.
Several other institutional investors and hedge funds also recently modified their holdings of HBI. WINTON GROUP Ltd purchased a new position in Hanesbrands in the 4th quarter worth approximately $320,000. Vanguard Group Inc.
lifted its position in shares of Hanesbrands by 1.1% during the fourth quarter. Vanguard Group Inc.
now owns 40,034,878 shares of the textile maker’s stock worth $325,884,000 after purchasing an additional 421,915 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Hanesbrands by 12.3% in the fourth quarter.
LPL Financial LLC now owns 454,132 shares of the textile maker’s stock valued at $3,697,000 after purchasing an additional 49,895 shares during the period. Fox Run Management L.L.
C. purchased a new position in shares of Hanesbrands in the fourth quarter valued at $552,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Hanesbrands during the 4th quarter valued at $580,000.
Hedge funds and other institutional investors own 80.31% of the company’s stock. Wall Street Analyst Weigh In Separately, Stifel Nicolaus cut their price objective on shares of Hanesbrands from $7.
00 to $5.00 and set a “hold” rating on the stock in a report on Thursday. Insider Buying and Selling at Hanesbrands In other Hanesbrands news, Director Robert F.
Moran bought 74,850 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $6.01 per share, with a total value of $449,848.
50. Following the completion of the acquisition, the director now owns 216,373 shares of the company’s stock, valued at approximately $1,300,401.73.
This trade represents a 52.89 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink .
0.46% of the stock is currently owned by insiders. Hanesbrands Stock Performance Shares of HBI opened at $4.
38 on Friday. Hanesbrands Inc. has a 52-week low of $4.
02 and a 52-week high of $9.10. The company has a quick ratio of 0.
68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28.
The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -4.76 and a beta of 1.
55. The business’s 50 day moving average is $5.94 and its two-hundred day moving average is $7.
27. Hanesbrands ( NYSE:HBI – Get Free Report ) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.
17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03.
The firm had revenue of $888.47 million for the quarter, compared to analysts’ expectations of $899.30 million.
Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%.
Analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.
Hanesbrands 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. Read More Five stocks we like better than Hanesbrands Canada Bond Market Holiday: How to Invest and Trade Robinhood Strategies Could Be a Game-Changer for Young Investors How to Use the MarketBeat Excel Dividend Calculator Are These 3 Retail Stocks Oversold or Really in Trouble? How to Choose Top Rated Stocks IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead Want to see what other hedge funds are holding HBI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Hanesbrands Inc. ( NYSE:HBI – Free Report ). 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.
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