First Trust Direct Indexing L.P. Makes New $48,000 Investment in Hanesbrands Inc. (NYSE:HBI)

First Trust Direct Indexing L.P. acquired a new stake in Hanesbrands Inc. (NYSE:HBI) during the 4th quarter, Holdings Channel.com reports. The fund acquired 10,845 shares of the textile maker’s stock, valued at approximately $48,000.

Several other large investors also recently modified their holdings of HBI. Evergreen Capital Management LLC grew its stake in Hanesbrands by 11.2% in the 3rd quarter. Evergreen Capital Management LLC now owns 25,070 shares of the textile maker’s stock valued at $99,000 after buying an additional 2,533 shares during the last quarter. Cerity Partners LLC grew its position in shares of Hanesbrands by 6.7% in the fourth quarter. Cerity Partners LLC now owns 41,310 shares of the textile maker’s stock valued at $184,000 after purchasing an additional 2,605 shares during the last quarter. Platinum Investment Management Ltd. increased its stake in shares of Hanesbrands by 13.7% during the third quarter. Platinum Investment Management Ltd. now owns 21,967 shares of the textile maker’s stock worth $87,000 after purchasing an additional 2,644 shares during the period. MGO One Seven LLC boosted 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 valued at $53,000 after purchasing an additional 3,405 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of 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. 80.31% of the stock is owned by institutional investors.

Hanesbrands Price Performance

HBI stock opened at $4.45 on Thursday. The company’s 50-day moving average price is $5.09 and its two-hundred day moving average price is $4.54. The company has a quick ratio of 0.65, a current ratio of 1.64 and a debt-to-equity ratio of 7.72. Hanesbrands Inc. has a 12 month low of $3.54 and a 12 month high of $5.86. The firm has a market cap of $1.56 billion, a P/E ratio of -88.98 and a beta of 1.62.

Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, February 15th. The textile maker reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). Hanesbrands had a negative net margin of 0.31% and a positive return on equity of 5.84%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business earned $0.07 EPS. The business’s quarterly revenue was down 12.0% on a year-over-year basis. On average, analysts anticipate that Hanesbrands Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HBI has been the subject of several analyst reports. Citigroup lifted their price objective on shares of Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Wedbush increased their price target on Hanesbrands from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd.

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.