Cullen Investment Group LTD. purchased a new position in shares of Hanesbrands Inc. (NYSE:HBI – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 21,384 shares of the textile maker’s stock, valued at approximately $95,000.
Other large investors have also made changes to their positions in the company. Harbour Investments Inc. increased its position in shares of Hanesbrands by 63.2% during the fourth quarter. Harbour Investments Inc. now owns 6,020 shares of the textile maker’s stock worth $38,000 after purchasing an additional 2,332 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Hanesbrands during the third quarter worth $40,000. Journey Strategic Wealth LLC acquired a new position in shares of Hanesbrands during the third quarter worth $41,000. Sherbrooke Park Advisers LLC acquired a new position in shares of Hanesbrands during the third quarter worth $42,000. Finally, AXQ Capital LP acquired a new position in shares of Hanesbrands during the third quarter worth $43,000. 80.31% of the stock is owned by institutional investors and hedge funds.
Hanesbrands Price Performance
NYSE:HBI opened at $4.68 on Wednesday. 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 0.65, a current ratio of 1.64 and a debt-to-equity ratio of 7.72. The firm’s fifty day moving average is $5.10 and its two-hundred day moving average is $4.48.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on HBI shares. Wedbush upped their price target on Hanesbrands from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Citigroup upped their price target on Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Hanesbrands has an average rating of “Hold” and an average price target of $5.00.
View Our Latest Stock Analysis 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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