Hanesbrands Inc. (NYSE:HBI) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its position in Hanesbrands Inc. (NYSE:HBI) by 14.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,171,933 shares of the textile maker’s stock after purchasing an additional 524,716 shares during the period. Northern Trust Corp owned approximately 1.18% of Hanesbrands worth $33,960,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. GeoWealth Management LLC grew its holdings in Hanesbrands by 2,278.8% in the 4th quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker’s stock worth $28,000 after buying an additional 3,327 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Hanesbrands by 122.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock valued at $40,000 after purchasing an additional 2,712 shares during the period. Transce3nd LLC bought a new stake in shares of Hanesbrands during the fourth quarter valued at about $45,000. WFA Asset Management Corp acquired a new stake in Hanesbrands in the fourth quarter worth about $46,000. Finally, GAMMA Investing LLC increased its stake in Hanesbrands by 39.7% during the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock valued at $54,000 after buying an additional 1,895 shares during the period. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Stock Performance

HBI opened at $5.09 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. The firm has a market cap of $1.80 billion, a PE ratio of -5.53 and a beta of 1.50. The business has a fifty day simple moving average of $5.17 and a 200-day simple moving average of $6.91. Hanesbrands Inc. has a fifty-two week low of $4.02 and a fifty-two week high of $9.10.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. The firm had revenue of $760.15 million for the quarter, compared to the consensus estimate of $757.42 million. During the same quarter in the previous year, the company earned ($0.02) EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HBI. UBS Group upped their price target on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Barclays set a $5.00 price target on Hanesbrands and gave the company a “cautious” rating in a research note on Monday, April 28th. Wells Fargo & Company dropped their price objective on Hanesbrands from $5.00 to $3.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus lowered their target price on Hanesbrands from $7.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.20.

Insider Transactions at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran acquired 74,850 shares of Hanesbrands stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $6.01 per share, with a total value of $449,848.50. Following the purchase, the director now owns 216,373 shares in the company, valued at approximately $1,300,401.73. The trade was a 52.89 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by insiders.

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.