17,710 Shares in Hanesbrands Inc. (NYSE:HBI) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new stake in Hanesbrands Inc. (NYSE:HBIFree Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,710 shares of the textile maker’s stock, valued at approximately $130,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HBI. Loews Corp raised its holdings in shares of Hanesbrands by 108.7% in the 2nd quarter. Loews Corp now owns 29,197,796 shares of the textile maker’s stock worth $143,945,000 after purchasing an additional 15,206,007 shares during the period. Cooke & Bieler LP raised its holdings in Hanesbrands by 2.1% in the second quarter. Cooke & Bieler LP now owns 16,329,763 shares of the textile maker’s stock valued at $80,506,000 after buying an additional 342,056 shares during the period. Geode Capital Management LLC lifted its position in Hanesbrands by 1.1% during the third quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker’s stock valued at $58,183,000 after buying an additional 89,367 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Hanesbrands by 18.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker’s stock worth $32,836,000 after buying an additional 1,024,308 shares during the period. Finally, Brandes Investment Partners LP increased its position in shares of Hanesbrands by 3.9% in the second quarter. Brandes Investment Partners LP now owns 4,834,202 shares of the textile maker’s stock worth $23,761,000 after acquiring an additional 183,069 shares in the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Trading Down 1.2 %

NYSE HBI opened at $8.10 on Friday. The company’s fifty day simple moving average is $7.94 and its 200-day simple moving average is $6.60. The stock has a market cap of $2.86 billion, a P/E ratio of -12.27 and a beta of 1.64. Hanesbrands Inc. has a 52 week low of $3.88 and a 52 week high of $9.10. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 21.50.

Hanesbrands (NYSE:HBIGet Free Report) last issued its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $937.10 million for the quarter, compared to analyst estimates of $936.47 million. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. Equities research analysts predict that Hanesbrands Inc. will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and lifted their target price for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. Barclays boosted their price objective on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.90.

Get Our Latest Stock Report on HBI

About Hanesbrands

(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.

See Also

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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