Moors & Cabot Inc. Purchases 12,000 Shares of Hanesbrands Inc. (NYSE:HBI)

Moors & Cabot Inc. raised its position in Hanesbrands Inc. (NYSE:HBI) by 25.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,383 shares of the textile maker’s stock after buying an additional 12,000 shares during the quarter. Moors & Cabot Inc.’s holdings in Hanesbrands were worth $429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HBI. Natixis Advisors LLC bought a new position in Hanesbrands in the 3rd quarter worth approximately $248,000. Aigen Investment Management LP bought a new position in shares of Hanesbrands in the third quarter worth $652,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Hanesbrands by 8.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 115,226 shares of the textile maker’s stock worth $847,000 after acquiring an additional 9,457 shares during the period. International Assets Investment Management LLC grew its position in shares of Hanesbrands by 481.0% in the third quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker’s stock valued at $3,822,000 after purchasing an additional 430,534 shares in the last quarter. Finally, Whittier Trust Co. bought a new stake in shares of Hanesbrands during the 3rd quarter valued at $51,000. Institutional investors own 80.31% of the company’s stock.

Analyst Ratings Changes

HBI has been the subject of a number of recent analyst reports. UBS Group lifted 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. Stifel Nicolaus boosted their price objective on shares of Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a research note on Monday, August 12th. Finally, Barclays raised their price target on shares of Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, Hanesbrands currently has a consensus rating of “Hold” and an average price target of $6.00.

Hanesbrands Stock Performance

Shares of HBI stock opened at $8.54 on Friday. The company has a market capitalization of $3.01 billion, a P/E ratio of -12.94 and a beta of 1.58. Hanesbrands Inc. has a fifty-two week low of $3.58 and a fifty-two week high of $8.70. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49. The stock has a 50 day moving average price of $7.37 and a two-hundred day moving average price of $6.11.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. The business had revenue of $937.10 million during the quarter, compared to analysts’ expectations of $936.47 million. During the same quarter in the prior year, the company posted $0.10 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts expect that Hanesbrands Inc. will post 0.39 earnings per share 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.