Wilmington Savings Fund Society FSB Acquires 5,540 Shares of Hanesbrands Inc. (NYSE:HBI)

Wilmington Savings Fund Society FSB boosted its holdings in Hanesbrands Inc. (NYSE:HBI) by 31.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,250 shares of the textile maker’s stock after acquiring an additional 5,540 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Hanesbrands were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new stake in shares of Hanesbrands during the 2nd quarter worth about $321,000. Creative Planning boosted its holdings in shares of Hanesbrands by 22.5% during the 3rd quarter. Creative Planning now owns 152,998 shares of the textile maker’s stock worth $1,125,000 after buying an additional 28,126 shares during the period. ERTS Wealth Advisors LLC bought a new stake in shares of Hanesbrands during the 3rd quarter worth about $76,000. Blue Trust Inc. boosted its holdings in shares of 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 buying an additional 1,594 shares during the period. Finally, Whittier Trust Co. bought a new stake in shares of Hanesbrands during the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Stock Performance

NYSE HBI opened at $7.69 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 21.50. The company has a market capitalization of $2.71 billion, a P/E ratio of -11.65 and a beta of 1.63. Hanesbrands Inc. has a 12-month low of $4.06 and a 12-month high of $9.10. The firm has a 50-day moving average price of $8.25 and a two-hundred day moving average price of $7.45.

Analysts Set New Price Targets

Several brokerages recently commented on HBI. Barclays lifted their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. 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 an average rating of “Hold” and a consensus price target of $6.90.

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.