Marex Group plc Acquires Shares of 114,456 Hanesbrands Inc. $HBI

Marex Group plc bought a new position in shares of Hanesbrands Inc. (NYSE:HBI) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 114,456 shares of the textile maker’s stock, valued at approximately $524,000.

A number of other institutional investors have also recently modified their holdings of HBI. Strs Ohio acquired a new position in Hanesbrands in the 1st quarter worth about $38,000. First Horizon Advisors Inc. increased its position in shares of Hanesbrands by 240.7% in the second quarter. First Horizon Advisors Inc. now owns 6,613 shares of the textile maker’s stock valued at $30,000 after buying an additional 4,672 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of Hanesbrands during the 1st quarter worth approximately $44,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Hanesbrands during the 1st quarter valued at approximately $67,000. Finally, Olympiad Research LP purchased a new position in shares of Hanesbrands during the 2nd quarter valued at approximately $63,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HBI has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Hanesbrands in a research report on Wednesday, October 8th. Citigroup upped their price target on shares of Hanesbrands from $5.50 to $7.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.60.

Hanesbrands Price Performance

Hanesbrands stock opened at $6.65 on Tuesday. The company has a fifty day simple moving average of $6.67 and a 200-day simple moving average of $5.84. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 7.23 and a beta of 1.50. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 4.94. Hanesbrands Inc. has a 52-week low of $3.96 and a 52-week high of $8.98.

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

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.