Moors & Cabot Inc. Acquires 3,500 Shares of Hanesbrands Inc. (NYSE:HBI)

Moors & Cabot Inc. grew its holdings in Hanesbrands Inc. (NYSE:HBI) by 8.2% in the second quarter, Holdings Channel reports. The firm owned 46,383 shares of the textile maker’s stock after buying an additional 3,500 shares during the quarter. Moors & Cabot Inc.’s holdings in Hanesbrands were worth $229,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Hanesbrands by 12.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,749,433 shares of the textile maker’s stock worth $25,642,000 after buying an additional 632,865 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Hanesbrands by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker’s stock worth $233,542,000 after buying an additional 1,362,140 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Hanesbrands in the 1st quarter worth $1,093,000. Shell Asset Management Co. boosted its stake in shares of Hanesbrands by 127.0% in the 1st quarter. Shell Asset Management Co. now owns 20,417 shares of the textile maker’s stock worth $118,000 after buying an additional 11,423 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Hanesbrands by 212.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 409,468 shares of the textile maker’s stock worth $2,375,000 after buying an additional 278,383 shares during the last quarter. Institutional investors own 80.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus raised their price target on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Barclays raised their price target on Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Wedbush reiterated a “neutral” rating and set a $5.00 target price on shares of Hanesbrands in a research report on Thursday, June 6th. Finally, UBS Group lifted their target price on Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a research report on Tuesday, August 27th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.80.

Hanesbrands Price Performance

NYSE:HBI opened at $6.99 on Friday. The company has a market capitalization of $2.46 billion, a P/E ratio of -116.50 and a beta of 1.57. The business’s 50-day moving average is $6.07 and its 200 day moving average is $5.38. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 50.06. Hanesbrands Inc. has a 12 month low of $3.54 and a 12 month high of $7.06.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. The business had revenue of $995.40 million for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted ($0.01) EPS. The company’s revenue was down 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Hanesbrands Inc. will post 0.35 earnings per share for the current fiscal year.

Hanesbrands 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.