First Trust Direct Indexing L.P. Buys Shares of 10,845 Hanesbrands Inc. (NYSE:HBI)

First Trust Direct Indexing L.P. bought a new position in Hanesbrands Inc. (NYSE:HBI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,845 shares of the textile maker’s stock, valued at approximately $48,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Deutsche Bank AG boosted its position in Hanesbrands by 98.4% during the 3rd quarter. Deutsche Bank AG now owns 473,745 shares of the textile maker’s stock worth $1,876,000 after acquiring an additional 234,978 shares during the period. Charles Schwab Investment Management Inc. grew its position in Hanesbrands by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,866,694 shares of the textile maker’s stock valued at $15,312,000 after purchasing an additional 209,214 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Hanesbrands in the 4th quarter valued at approximately $781,000. Nordea Investment Management AB lifted its position in Hanesbrands by 2.1% in the 3rd quarter. Nordea Investment Management AB now owns 246,354 shares of the textile maker’s stock worth $935,000 after buying an additional 5,006 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Hanesbrands during the 4th quarter valued at $427,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Down 0.9 %

Hanesbrands stock opened at $4.45 on Thursday. The company has a current ratio of 1.64, a quick ratio of 0.65 and a debt-to-equity ratio of 7.72. Hanesbrands Inc. has a 1-year low of $3.54 and a 1-year high of $5.86. The firm’s fifty day simple moving average is $5.09 and its 200-day simple moving average is $4.54. The company has a market capitalization of $1.56 billion, a P/E ratio of -88.98 and a beta of 1.62.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, February 15th. The textile maker reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.06). The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.36 billion. Hanesbrands had a negative net margin of 0.31% and a positive return on equity of 5.84%. Hanesbrands’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter last year, the business earned $0.07 earnings per share. Sell-side analysts forecast that Hanesbrands Inc. will post 0.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HBI shares. Citigroup upped their price target on shares of Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Wedbush raised their price target on Hanesbrands from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd.

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.