Savant Capital LLC Takes Position in Hanesbrands Inc. $HBI

Savant Capital LLC acquired a new position in Hanesbrands Inc. (NYSE:HBI) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 14,184 shares of the textile maker’s stock, valued at approximately $65,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Strs Ohio bought a new stake in Hanesbrands during the first quarter valued at approximately $38,000. First Horizon Advisors Inc. increased 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 buying an additional 4,672 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of Hanesbrands during the 1st quarter valued at $44,000. Tranquilli Financial Advisor LLC bought a new stake in shares of Hanesbrands during the 1st quarter worth $58,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Hanesbrands during the 1st quarter worth $58,000. 80.31% of the stock is owned by hedge funds and other institutional investors.

Hanesbrands Trading Up 0.8%

NYSE HBI opened at $6.56 on Friday. The firm has a market cap of $2.32 billion, a PE ratio of 7.13 and a beta of 1.50. Hanesbrands Inc. has a 1-year low of $3.96 and a 1-year high of $9.10. The stock has a 50-day moving average of $6.65 and a 200-day moving average of $5.66. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 4.94.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, November 6th. The textile maker reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Hanesbrands had a return on equity of 129.43% and a net margin of 9.34%.The company had revenue of $891.68 million during the quarter, compared to analysts’ expectations of $905.37 million. During the same period last year, the firm earned $0.15 earnings per share. Hanesbrands’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, sell-side analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

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

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.