Cantor Fitzgerald Investment Advisors L.P. purchased a new position in Hanesbrands Inc. (NYSE:HBI – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 279,638 shares of the textile maker’s stock, valued at approximately $1,247,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. MGO One Seven LLC lifted its position in Hanesbrands by 33.9% in the third quarter. MGO One Seven LLC now owns 13,456 shares of the textile maker’s stock worth $53,000 after buying an additional 3,405 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Hanesbrands by 6.0% during the 3rd quarter. Signaturefd LLC now owns 77,545 shares of the textile maker’s stock worth $307,000 after purchasing an additional 4,388 shares during the period. Victory Capital Management Inc. grew its holdings in Hanesbrands by 8.8% during the 3rd quarter. Victory Capital Management Inc. now owns 62,079 shares of the textile maker’s stock valued at $246,000 after purchasing an additional 5,038 shares during the last quarter. KLCM Advisors Inc. raised its position in Hanesbrands by 7.2% in the 3rd quarter. KLCM Advisors Inc. now owns 2,315,939 shares of the textile maker’s stock worth $9,171,000 after purchasing an additional 155,740 shares during the period. Finally, Advisors Preferred LLC bought a new stake in Hanesbrands in the third quarter worth about $1,569,000. Institutional investors own 80.31% of the company’s stock.
Hanesbrands Trading Up 3.6 %
NYSE:HBI traded up $0.18 during midday trading on Monday, hitting $5.12. The stock had a trading volume of 4,017,900 shares, compared to its average volume of 8,120,795. The stock has a 50-day moving average of $4.97 and a 200 day moving average of $4.60. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -85.33 and a beta of 1.62. Hanesbrands Inc. has a one year low of $3.54 and a one year high of $5.86. The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 9.57.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Wedbush upped their target price on Hanesbrands from $4.50 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Barclays upped their price objective on Hanesbrands from $4.00 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Finally, Citigroup upped their price target on shares of Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.00.
Get Our Latest Research Report on Hanesbrands
About Hanesbrands
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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