PharVision Advisers LLC Acquires New Holdings in Hanesbrands Inc. (NYSE:HBI)

PharVision Advisers LLC purchased a new position in shares of Hanesbrands Inc. (NYSE:HBI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,630 shares of the textile maker’s stock, valued at approximately $453,000.

A number of other large investors also recently modified their holdings of the company. Hsbc Holdings PLC boosted its stake in shares of Hanesbrands by 175.7% during the fourth 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 in the last quarter. Principal Financial Group Inc. increased its position in Hanesbrands by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker’s stock valued at $14,003,000 after acquiring an additional 53,995 shares during the period. Trexquant Investment LP raised its stake in shares of Hanesbrands by 395.1% during the fourth quarter. Trexquant Investment LP now owns 548,724 shares of the textile maker’s stock valued at $4,467,000 after acquiring an additional 437,895 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of Hanesbrands during the fourth quarter worth $980,000. Finally, Alberta Investment Management Corp grew its stake in shares of Hanesbrands by 31.4% in the fourth quarter. Alberta Investment Management Corp now owns 398,423 shares of the textile maker’s stock worth $3,243,000 after purchasing an additional 95,177 shares during the last quarter. 80.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group upped their price target on Hanesbrands from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Barclays raised their price target on shares of Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Tuesday. 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. Finally, Wells Fargo & Company upped their target price on Hanesbrands from $3.00 to $4.00 and gave the company an “underweight” rating in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.60.

Hanesbrands Stock Performance

NYSE HBI opened at $5.35 on Wednesday. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68. The company has a fifty day moving average price of $5.09 and a 200-day moving average price of $6.82. Hanesbrands Inc. has a 1 year low of $4.02 and a 1 year high of $9.10. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of -5.82 and a beta of 1.50.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.07 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $757.42 million. During the same period in the prior year, the firm earned ($0.02) earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts predict 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.