LPL Financial LLC Has $2.91 Million Holdings in Hanesbrands Inc. $HBI

LPL Financial LLC raised its position in shares of Hanesbrands Inc. (NYSE:HBI) by 11.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 505,109 shares of the textile maker’s stock after purchasing an additional 50,977 shares during the quarter. LPL Financial LLC owned approximately 0.14% of Hanesbrands worth $2,914,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC increased its position in Hanesbrands by 175.7% during the 4th quarter. Hsbc Holdings PLC now owns 276,547 shares of the textile maker’s stock valued at $2,283,000 after purchasing an additional 176,238 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Hanesbrands by 60.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 216,653 shares of the textile maker’s stock worth $1,250,000 after buying an additional 81,709 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Hanesbrands by 40.9% during the 4th quarter. Deutsche Bank AG now owns 366,836 shares of the textile maker’s stock worth $2,986,000 after buying an additional 106,464 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Hanesbrands by 324.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,886,647 shares of the textile maker’s stock worth $15,357,000 after buying an additional 1,442,571 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Hanesbrands by 37.8% during the 1st quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker’s stock worth $48,000 after buying an additional 2,267 shares in the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

Analyst Ratings Changes

HBI has been the topic of a number of recent research reports. Barclays set a $6.00 target price on Hanesbrands and gave the stock an “equal weight” rating in a report on Tuesday, May 20th. Wall Street Zen upgraded Hanesbrands from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. UBS Group increased their price target on Hanesbrands from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company raised Hanesbrands from a “strong sell” rating to a “hold” rating and increased their price target for the company from $5.00 to $6.00 in a research report on Thursday. 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 stock. According to data from MarketBeat, Hanesbrands presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.50.

Hanesbrands Trading Down 0.2%

Shares of Hanesbrands stock opened at $6.44 on Monday. Hanesbrands Inc. has a 1 year low of $3.96 and a 1 year high of $9.10. The firm has a market cap of $2.28 billion, a PE ratio of 26.83 and a beta of 1.40. The stock has a fifty day moving average price of $4.70 and a 200-day moving average price of $5.25. The company has a debt-to-equity ratio of 13.62, a current ratio of 1.52 and a quick ratio of 0.74.

Hanesbrands (NYSE:HBI) last announced 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. Hanesbrands had a return on equity of 226.31% and a net margin of 2.49%. The company had revenue of $991.33 million during the quarter, compared to analyst estimates of $971.93 million. During the same quarter last year, the firm posted $0.15 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. Equities research analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current 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.