33,068 Shares in Hanesbrands Inc. (NYSE:HBI) Acquired by Cibc World Markets Corp

Cibc World Markets Corp acquired a new stake in shares of Hanesbrands Inc. (NYSE:HBI) in the fourth quarter, Holdings Channel reports. The firm acquired 33,068 shares of the textile maker’s stock, valued at approximately $269,000.

A number of other large investors have also added to or reduced their stakes in HBI. Natixis Advisors LLC purchased a new position in shares of Hanesbrands during the third quarter valued at approximately $248,000. Intech Investment Management LLC lifted its holdings in shares of Hanesbrands by 628.2% during the 3rd quarter. Intech Investment Management LLC now owns 74,766 shares of the textile maker’s stock valued at $550,000 after buying an additional 64,499 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Hanesbrands by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,382,574 shares of the textile maker’s stock worth $32,212,000 after buying an additional 11,074 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Hanesbrands by 4.5% during the third quarter. The Manufacturers Life Insurance Company now owns 184,714 shares of the textile maker’s stock valued at $1,358,000 after acquiring an additional 7,897 shares during the last quarter. Finally, FMR LLC lifted its holdings in Hanesbrands by 203.5% in the third quarter. FMR LLC now owns 115,833 shares of the textile maker’s stock valued at $851,000 after acquiring an additional 77,669 shares during the period. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HBI shares. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $11.00 in a report on Tuesday, November 26th. Stifel Nicolaus reissued a “hold” rating and issued a $7.00 price target (down from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Hanesbrands has an average rating of “Hold” and a consensus price target of $7.10.

Hanesbrands Price Performance

NYSE HBI opened at $5.93 on Wednesday. Hanesbrands Inc. has a 12-month low of $4.40 and a 12-month high of $9.10. The firm’s fifty day simple moving average is $6.95 and its two-hundred day simple moving average is $7.45. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. The firm has a market capitalization of $2.09 billion, a P/E ratio of -6.45 and a beta of 1.75.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. Analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Insider Transactions at Hanesbrands

In other news, Director Robert F. Moran purchased 74,850 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the transaction, the director now owns 216,373 shares in the company, valued at $1,300,401.73. This represents a 52.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.46% of the company’s stock.

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.