98,197 Shares in Hanesbrands Inc. $HBI Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co bought a new position in Hanesbrands Inc. (NYSE:HBI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 98,197 shares of the textile maker’s stock, valued at approximately $450,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HBI. First Horizon Advisors Inc. boosted its holdings in Hanesbrands by 240.7% during the second quarter. First Horizon Advisors Inc. now owns 6,613 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 4,672 shares during the period. Strs Ohio bought a new stake in Hanesbrands during the 1st quarter valued at approximately $38,000. AlphaQuest LLC bought a new stake in Hanesbrands during the 1st quarter valued at approximately $44,000. Tranquilli Financial Advisor LLC acquired a new stake in Hanesbrands in the 1st quarter valued at approximately $58,000. Finally, Jefferies Financial Group Inc. bought a new position in Hanesbrands in the 1st quarter worth approximately $58,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Analyst Ratings Changes

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

Hanesbrands Stock Up 0.2%

Shares of HBI stock opened at $6.61 on Friday. The stock has a market cap of $2.34 billion, a P/E ratio of 7.18 and a beta of 1.50. The company has a debt-to-equity ratio of 4.94, a current ratio of 1.51 and a quick ratio of 0.71. The stock has a fifty day moving average price of $6.67 and a 200 day moving average price of $5.72. Hanesbrands Inc. has a one year low of $3.96 and a one year high of $8.98.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, November 6th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Hanesbrands had a net margin of 9.34% and a return on equity of 129.43%. The business had revenue of $891.68 million during the quarter, compared to analyst estimates of $905.37 million. During the same quarter in the prior year, the company posted $0.15 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

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.