Cetera Investment Advisers Boosts Stock Position in Hanesbrands Inc. $HBI

Cetera Investment Advisers grew its holdings in Hanesbrands Inc. (NYSE:HBI) by 6.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,486 shares of the textile maker’s stock after buying an additional 4,904 shares during the quarter. Cetera Investment Advisers’ holdings in Hanesbrands were worth $447,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GeoWealth Management LLC boosted its stake in shares of Hanesbrands by 2,278.8% in the fourth quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker’s stock worth $28,000 after acquiring an additional 3,327 shares during the last quarter. CX Institutional acquired a new stake in shares of Hanesbrands in the first quarter worth approximately $34,000. Transce3nd LLC acquired a new stake in shares of Hanesbrands in the fourth quarter worth approximately $45,000. Fifth Third Bancorp boosted its stake in shares of Hanesbrands by 37.8% in the first quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker’s stock worth $48,000 after acquiring an additional 2,267 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Hanesbrands in the fourth quarter worth approximately $56,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Hanesbrands Stock Performance

NYSE HBI opened at $6.44 on Monday. The stock’s fifty day moving average is $4.70 and its two-hundred day moving average is $5.25. The firm has a market capitalization of $2.28 billion, a P/E ratio of 26.83 and a beta of 1.40. The company has a debt-to-equity ratio of 13.62, a quick ratio of 0.74 and a current ratio of 1.52. Hanesbrands Inc. has a fifty-two week low of $3.96 and a fifty-two week high of $9.10.

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

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.