CX Institutional Invests $34,000 in Hanesbrands Inc. (NYSE:HBI)

CX Institutional acquired a new stake in shares of Hanesbrands Inc. (NYSE:HBI) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,841 shares of the textile maker’s stock, valued at approximately $34,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hsbc Holdings PLC increased its stake in shares of Hanesbrands by 175.7% in the fourth quarter. Hsbc Holdings PLC now owns 276,547 shares of the textile maker’s stock worth $2,283,000 after acquiring an additional 176,238 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Hanesbrands by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker’s stock worth $14,003,000 after purchasing an additional 53,995 shares in the last quarter. Trexquant Investment LP lifted its holdings in shares of Hanesbrands by 395.1% during the 4th quarter. Trexquant Investment LP now owns 548,724 shares of the textile maker’s stock valued at $4,467,000 after buying an additional 437,895 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of Hanesbrands during the 4th quarter valued at about $980,000. Finally, Alberta Investment Management Corp grew its stake in shares of Hanesbrands by 31.4% in the 4th quarter. Alberta Investment Management Corp now owns 398,423 shares of the textile maker’s stock valued at $3,243,000 after buying an additional 95,177 shares in the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hanesbrands Trading Down 2.1%

NYSE:HBI opened at $4.59 on Wednesday. The company’s 50 day moving average is $4.84 and its 200-day moving average is $6.37. The company has a quick ratio of 0.67, a current ratio of 1.55 and a debt-to-equity ratio of 53.45. Hanesbrands Inc. has a 12 month low of $4.02 and a 12 month high of $9.10. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -5.47 and a beta of 1.51.

Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, May 8th. The textile maker reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $760.15 million for the quarter, compared to the consensus estimate of $757.42 million. Hanesbrands had a negative net margin of 8.12% and a positive return on equity of 262.15%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) EPS. Equities analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

HBI has been the topic of several recent research reports. Wall Street Zen raised shares of Hanesbrands from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. Barclays set a $6.00 price target on shares of Hanesbrands and gave the company an “equal weight” rating in a report on Tuesday, May 20th. Stifel Nicolaus reduced their price objective on shares of Hanesbrands from $7.00 to $5.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. UBS Group increased their target price on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company boosted their price target on Hanesbrands from $3.00 to $4.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Hanesbrands has an average rating of “Hold” and a consensus price target of $5.75.

Hanesbrands 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.