Kestra Private Wealth Services LLC Acquires Shares of 20,213 Hanesbrands Inc. (NYSE:HBI)

Kestra Private Wealth Services LLC purchased a new stake in Hanesbrands Inc. (NYSE:HBIFree Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,213 shares of the textile maker’s stock, valued at approximately $80,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisors Preferred LLC bought a new stake in Hanesbrands during the 3rd quarter worth approximately $1,569,000. KLCM Advisors Inc. raised its position in shares of Hanesbrands by 7.2% in the third quarter. KLCM Advisors Inc. now owns 2,315,939 shares of the textile maker’s stock worth $9,171,000 after buying an additional 155,740 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Hanesbrands by 8.8% during the third quarter. Victory Capital Management Inc. now owns 62,079 shares of the textile maker’s stock valued at $246,000 after buying an additional 5,038 shares during the period. Signaturefd LLC grew its position in Hanesbrands by 6.0% during the third quarter. Signaturefd LLC now owns 77,545 shares of the textile maker’s stock worth $307,000 after buying an additional 4,388 shares in the last quarter. Finally, MGO One Seven LLC increased its stake in Hanesbrands by 33.9% in the 3rd quarter. MGO One Seven LLC now owns 13,456 shares of the textile maker’s stock worth $53,000 after acquiring an additional 3,405 shares during the last quarter. 87.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HBI. StockNews.com raised Hanesbrands from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Stifel Nicolaus cut their price target on shares of Hanesbrands from $5.00 to $4.50 and set a “hold” rating for the company in a research note on Thursday, December 14th. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $5.00.

Check Out Our Latest Analysis on HBI

Hanesbrands Stock Performance

Shares of NYSE HBI opened at $4.60 on Monday. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -3.15 and a beta of 1.57. The stock’s 50-day moving average is $4.24 and its 200 day moving average is $4.40. The company has a current ratio of 1.57, a quick ratio of 0.65 and a debt-to-equity ratio of 12.08. Hanesbrands Inc. has a 1-year low of $3.54 and a 1-year high of $5.96.

Hanesbrands (NYSE:HBIGet Free Report) last announced its quarterly earnings data on Thursday, November 9th. The textile maker reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Hanesbrands had a negative net margin of 8.84% and a positive return on equity of 9.62%. Hanesbrands’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS. On average, sell-side analysts anticipate that Hanesbrands Inc. will post 0.12 EPS for the current fiscal year.

About Hanesbrands

(Free Report)

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children. The company operates through three segments: Innerwear, Activewear, and International. It sells men's underwear, women's panties, children's underwear and socks, and activewear, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, performance apparel, sport shirts, performance T-shirts and shorts, sports bras, teamwear, and thermals, as well as licensed logo apparel in collegiate bookstores and mass retail channels.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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