Cantor Fitzgerald Investment Advisors L.P. Invests $1.25 Million in Hanesbrands Inc. (NYSE:HBI)

Cantor Fitzgerald Investment Advisors L.P. purchased a new position in Hanesbrands Inc. (NYSE:HBI) 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.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, May 9th. The textile maker reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.19 billion. Hanesbrands had a positive return on equity of 9.84% and a negative net margin of 0.42%. The business’s revenue was down 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.06) EPS. As a group, sell-side analysts forecast that Hanesbrands Inc. will post 0.45 EPS for the current year.

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.

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.