Wilmington Savings Fund Society FSB bought a new stake in Hanesbrands Inc. (NYSE:HBI – Free 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.
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
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
- Five stocks we like better than Hanesbrands
- The Basics of Support and Resistance
- Micron Stock Under $100: Seize the AI-Driven Upside
- What is the Hang Seng index?
- AI’s Next Big Winners: 3 Small-Cap Stocks to Watch in 2025
- Why is the Ex-Dividend Date Significant to Investors?
- SolarEdge Stock Climbs Back: Goldman Sachs Sees 40% Upside
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.com's FREE daily email newsletter.