Hanesbrands Inc. (NYSE:HBI) Shares Acquired by OLD National Bancorp IN

OLD National Bancorp IN increased its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 28.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 34,507 shares of the textile maker’s stock after purchasing an additional 7,569 shares during the period. OLD National Bancorp IN’s holdings in Hanesbrands were worth $281,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Hanesbrands by 42.3% during the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after acquiring an additional 1,594 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Hanesbrands by 39.7% during the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock worth $54,000 after purchasing an additional 1,895 shares in the last quarter. Whittier Trust Co. purchased a new position in shares of Hanesbrands in the 3rd quarter valued at about $51,000. ERTS Wealth Advisors LLC purchased a new position in Hanesbrands in the third quarter valued at approximately $76,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Hanesbrands in the 3rd quarter valued at $77,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Trading Down 4.4 %

NYSE:HBI opened at $8.11 on Monday. The stock has a fifty day moving average price of $8.40 and a two-hundred day moving average price of $7.34. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of -12.29 and a beta of 1.64. Hanesbrands Inc. has a 1 year low of $4.06 and a 1 year high of $9.10.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. The firm had revenue of $937.10 million during the quarter, compared to the consensus estimate of $936.47 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. Hanesbrands’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS. As a group, sell-side analysts anticipate that Hanesbrands Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Hanesbrands Company Profile

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.