13,789 Shares in Hanesbrands Inc. $HBI Purchased by Olympiad Research LP

Olympiad Research LP acquired a new stake in Hanesbrands Inc. (NYSE:HBI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,789 shares of the textile maker’s stock, valued at approximately $63,000.

Other institutional investors also recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey increased its position in shares of Hanesbrands by 7.4% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 80,890 shares of the textile maker’s stock valued at $370,000 after purchasing an additional 5,578 shares during the last quarter. Prospera Financial Services Inc purchased a new position in Hanesbrands in the second quarter valued at about $64,000. Savant Capital LLC purchased a new stake in shares of Hanesbrands during the 2nd quarter worth approximately $65,000. First Horizon Advisors Inc. raised its holdings in shares of Hanesbrands by 240.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 6,613 shares of the textile maker’s stock worth $30,000 after purchasing an additional 4,672 shares during the period. Finally, Bryce Point Capital LLC grew its holdings in Hanesbrands by 4.9% during the second quarter. Bryce Point Capital LLC now owns 170,100 shares of the textile maker’s stock valued at $779,000 after purchasing an additional 7,969 shares during the period. 80.31% of the stock is owned by institutional investors.

Hanesbrands Stock Up 1.0%

HBI opened at $6.66 on Friday. The company has a debt-to-equity ratio of 4.94, a current ratio of 1.51 and a quick ratio of 0.71. Hanesbrands Inc. has a one year low of $3.96 and a one year high of $9.10. The firm has a market capitalization of $2.35 billion, a P/E ratio of 7.23 and a beta of 1.50. The company has a fifty day moving average price of $6.63 and a 200-day moving average price of $5.60.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, November 6th. The textile maker reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Hanesbrands had a return on equity of 129.43% and a net margin of 9.34%.The business had revenue of $891.68 million for the quarter, compared to analysts’ expectations of $905.37 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Hanesbrands’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities research analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group boosted their target price on Hanesbrands from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Citigroup upped their price objective on shares of Hanesbrands from $5.50 to $7.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Wall Street Zen upgraded shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Wells Fargo & Company raised shares of Hanesbrands from a “strong sell” rating to an “equal weight” rating and boosted their price target for the company from $5.00 to $6.00 in a research report on Thursday, August 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hanesbrands in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.60.

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.