Northern Trust Corp Has $33.96 Million Stock Position in Hanesbrands Inc. (NYSE:HBI)

Northern Trust Corp grew its position in Hanesbrands Inc. (NYSE:HBI) by 14.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,171,933 shares of the textile maker’s stock after acquiring an additional 524,716 shares during the quarter. Northern Trust Corp’s holdings in Hanesbrands were worth $33,960,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Tudor Investment Corp ET AL bought a new position in Hanesbrands during the fourth quarter valued at approximately $888,000. Quarry LP bought a new position in shares of Hanesbrands during the 4th quarter valued at $107,000. Aquatic Capital Management LLC acquired a new stake in shares of Hanesbrands in the 4th quarter valued at $1,015,000. Oxford Asset Management LLP bought a new stake in Hanesbrands in the fourth quarter worth $295,000. Finally, Boothbay Fund Management LLC acquired a new position in Hanesbrands during the fourth quarter worth $134,000. 80.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Robert F. Moran bought 74,850 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the purchase, the director now owns 216,373 shares of the company’s stock, valued at $1,300,401.73. This trade represents a 52.89 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Hanesbrands Price Performance

NYSE:HBI opened at $5.09 on Friday. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68. Hanesbrands Inc. has a one year low of $4.02 and a one year high of $9.10. The company has a fifty day moving average price of $5.17 and a 200 day moving average price of $6.91. The stock has a market cap of $1.80 billion, a P/E ratio of -5.53 and a beta of 1.50.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The business had revenue of $760.15 million during the quarter, compared to analyst estimates of $757.42 million. During the same quarter in the prior year, the business earned ($0.02) earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on HBI shares. Wells Fargo & Company decreased their price target on Hanesbrands from $5.00 to $3.00 and set an “underweight” rating for the company in a research note on Wednesday, April 30th. Barclays set a $5.00 price target on Hanesbrands and gave the company a “cautious” rating in a report on Monday, April 28th. UBS Group upped their price objective on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus dropped their target price on shares of Hanesbrands from $7.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, two have assigned 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 $5.20.

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.