Hanesbrands Inc. (NYSE:HBI) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hanesbrands Inc. (NYSE:HBI) by 24.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,191 shares of the textile maker’s stock after acquiring an additional 17,689 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hanesbrands were worth $450,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Alpha Omega Wealth Management LLC grew its holdings in shares of Hanesbrands by 1.3% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 157,903 shares of the textile maker’s stock worth $778,000 after acquiring an additional 2,072 shares during the period. Platinum Investment Management Ltd. grew its holdings in shares of Hanesbrands by 12.8% in the 4th quarter. Platinum Investment Management Ltd. now owns 24,779 shares of the textile maker’s stock worth $111,000 after acquiring an additional 2,812 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of Hanesbrands by 13.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 25,432 shares of the textile maker’s stock worth $148,000 after acquiring an additional 3,043 shares during the period. Independent Advisor Alliance grew its holdings in shares of Hanesbrands by 33.4% in the 4th quarter. Independent Advisor Alliance now owns 13,488 shares of the textile maker’s stock worth $60,000 after acquiring an additional 3,378 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in Hanesbrands by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 176,900 shares of the textile maker’s stock valued at $872,000 after buying an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Trading Down 0.9 %

Shares of Hanesbrands stock opened at $6.32 on Friday. Hanesbrands Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $6.77. The firm has a market cap of $2.22 billion, a PE ratio of -105.33 and a beta of 1.57. The business’s fifty day moving average is $5.72 and its two-hundred day moving average is $5.27. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 50.06.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, August 8th. The textile maker reported $0.15 earnings per share 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 company had revenue of $995.40 million for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the company posted ($0.01) EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. Analysts anticipate that Hanesbrands Inc. will post 0.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.