Cetera Investment Advisers Acquires 4,904 Shares of Hanesbrands Inc. $HBI

Cetera Investment Advisers grew its holdings in Hanesbrands Inc. (NYSE:HBI) by 6.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,486 shares of the textile maker’s stock after purchasing an additional 4,904 shares during the quarter. Cetera Investment Advisers’ holdings in Hanesbrands were worth $447,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HBI. Advisors Preferred LLC raised its stake in shares of Hanesbrands by 352.5% during the 1st quarter. Advisors Preferred LLC now owns 333,892 shares of the textile maker’s stock worth $1,913,000 after acquiring an additional 260,097 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Hanesbrands during the first quarter worth $62,000. Allianz Asset Management GmbH boosted its holdings in Hanesbrands by 5.4% during the first quarter. Allianz Asset Management GmbH now owns 5,571,669 shares of the textile maker’s stock worth $32,149,000 after buying an additional 287,752 shares in the last quarter. Optimist Retirement Group LLC boosted its holdings in Hanesbrands by 32.6% during the first quarter. Optimist Retirement Group LLC now owns 45,415 shares of the textile maker’s stock worth $262,000 after buying an additional 11,173 shares in the last quarter. Finally, IFP Advisors Inc raised its position in Hanesbrands by 212.8% during the first quarter. IFP Advisors Inc now owns 16,310 shares of the textile maker’s stock worth $94,000 after acquiring an additional 11,096 shares during the period. Institutional investors own 80.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HBI. Wall Street Zen upgraded shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. UBS Group raised their price objective on shares of Hanesbrands from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Wells Fargo & Company raised shares of Hanesbrands from a “strong sell” rating to a “hold” rating and increased their target price for the stock from $5.00 to $6.00 in a research note on Thursday. Finally, Barclays set a $6.00 target price on shares of Hanesbrands and gave the stock an “equal weight” rating in a research note on Tuesday, May 20th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $6.50.

Hanesbrands Stock Down 0.2%

Shares of Hanesbrands stock opened at $6.44 on Monday. The company has a quick ratio of 0.74, a current ratio of 1.52 and a debt-to-equity ratio of 13.62. Hanesbrands Inc. has a 52-week low of $3.96 and a 52-week high of $9.10. The company has a 50 day moving average of $4.70 and a 200 day moving average of $5.25. The company has a market capitalization of $2.28 billion, a P/E ratio of 26.83 and a beta of 1.40.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The business had revenue of $991.33 million during the quarter, compared to the consensus estimate of $971.93 million. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The company’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 EPS. As a group, research analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Hanesbrands Company 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.