Quantinno Capital Management LP Makes New $77,000 Investment in Hanesbrands Inc. (NYSE:HBI)

Quantinno Capital Management LP bought a new stake in Hanesbrands Inc. (NYSE:HBI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,420 shares of the textile maker’s stock, valued at approximately $77,000.

A number of other large investors also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in Hanesbrands in the 2nd quarter valued at $39,000. Blue Trust Inc. boosted its position in shares of Hanesbrands by 42.3% in the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 1,594 shares during the period. Intech Investment Management LLC acquired a new position in shares of Hanesbrands in the second quarter valued at about $51,000. Whittier Trust Co. bought a new position in Hanesbrands during the third quarter worth about $51,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in Hanesbrands in the 2nd quarter worth about $55,000. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Performance

Shares of Hanesbrands stock opened at $8.50 on Wednesday. The company has a 50 day moving average of $7.89 and a 200-day moving average of $6.55. The company has a market cap of $3.00 billion, a PE ratio of -12.88 and a beta of 1.64. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 21.50. Hanesbrands Inc. has a 1-year low of $3.88 and a 1-year high of $9.10.

Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share 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 firm had revenue of $937.10 million for the quarter, compared to the consensus estimate of $936.47 million. During the same quarter last year, the business posted $0.10 EPS. The company’s revenue was down 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that Hanesbrands Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and raised their target price for the stock from $9.00 to $11.00 in a report on Tuesday, November 26th. Barclays raised their price objective on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.