Universal Beteiligungs und Servicegesellschaft mbH Makes New $62,000 Investment in Hanesbrands Inc. (NYSE:HBI)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Hanesbrands Inc. (NYSE:HBI) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,700 shares of the textile maker’s stock, valued at approximately $62,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GeoWealth Management LLC grew its stake in shares of Hanesbrands by 2,278.8% during the fourth 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 during the last quarter. Transce3nd LLC bought a new stake in shares of Hanesbrands during the fourth quarter worth $45,000. CX Institutional bought a new stake in shares of Hanesbrands during the first quarter worth $34,000. Lazard Asset Management LLC bought a new stake in shares of Hanesbrands during the fourth quarter worth $56,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Hanesbrands during the fourth quarter worth $67,000. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Performance

Shares of HBI opened at $4.20 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 0.67 and a debt-to-equity ratio of 53.45. The stock has a market capitalization of $1.48 billion, a P/E ratio of -5.00 and a beta of 1.40. The firm’s fifty day simple moving average is $4.61 and its two-hundred day simple moving average is $5.43. Hanesbrands Inc. has a 12 month low of $3.96 and a 12 month high of $9.10.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $760.15 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. As a group, analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on HBI shares. Wall Street Zen cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Barclays set a $6.00 price objective on shares of Hanesbrands and gave the stock an “equal weight” rating in a research note 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 on the stock in a research note on Thursday, April 10th. UBS Group boosted their price objective 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. Finally, Wells Fargo & Company boosted their price objective on shares of Hanesbrands from $3.00 to $4.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Hanesbrands has a consensus 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.