Peapack Gladstone Financial Corp Has $114,000 Stake in Hanesbrands Inc. (NYSE:HBI)

Peapack Gladstone Financial Corp reduced its stake in Hanesbrands Inc. (NYSE:HBI) by 47.8% in the 3rd quarter, Holdings Channel reports. The firm owned 15,574 shares of the textile maker’s stock after selling 14,287 shares during the period. Peapack Gladstone Financial Corp’s holdings in Hanesbrands were worth $114,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in HBI. International Assets Investment Management LLC lifted its stake 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 worth $3,822,000 after buying an additional 430,534 shares during the last quarter. Brandes Investment Partners LP lifted its position in Hanesbrands by 3.9% during the 2nd quarter. Brandes Investment Partners LP now owns 4,834,202 shares of the textile maker’s stock worth $23,761,000 after acquiring an additional 183,069 shares during the last quarter. Whittier Trust Co. bought a new stake in Hanesbrands during the third quarter valued at about $51,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Hanesbrands in the third quarter valued at about $785,000. Finally, XTX Topco Ltd bought a new position in shares of Hanesbrands in the third quarter worth about $996,000. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Trading Down 2.0 %

Hanesbrands stock opened at $8.54 on Tuesday. The business has a 50 day moving average price of $7.89 and a two-hundred day moving average price of $6.55. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 21.50. Hanesbrands Inc. has a 12 month low of $3.88 and a 12 month high of $9.10. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of -12.93 and a beta of 1.64.

Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The business had revenue of $937.10 million during the quarter, compared to analyst estimates of $936.47 million. During the same period in the prior year, the company posted $0.10 earnings per share. Hanesbrands’s revenue was down 2.5% on a year-over-year basis. As a group, equities analysts forecast that Hanesbrands Inc. will post 0.39 EPS for the current year.

Analyst Ratings Changes

HBI has been the subject of several recent analyst reports. Barclays increased their target price on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Hanesbrands has an average rating of “Hold” and a consensus price target of $6.90.

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.