Sherbrooke Park Advisers LLC Buys New Shares in Hanesbrands Inc. (NYSE:HBI)

Sherbrooke Park Advisers LLC bought a new stake in shares of Hanesbrands Inc. (NYSE:HBI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,232 shares of the textile maker’s stock, valued at approximately $91,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sanctuary Advisors LLC grew its holdings in shares of Hanesbrands by 2.2% during the 4th quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker’s stock valued at $498,000 after purchasing an additional 1,277 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of Hanesbrands by 3.5% during the 4th quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker’s stock valued at $462,000 after purchasing an additional 1,900 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Hanesbrands by 4.3% during the 4th quarter. NewEdge Advisors LLC now owns 46,806 shares of the textile maker’s stock valued at $381,000 after purchasing an additional 1,944 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Hanesbrands by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 36,964 shares of the textile maker’s stock valued at $301,000 after purchasing an additional 1,973 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Hanesbrands by 2.3% during the 4th quarter. New York State Common Retirement Fund now owns 109,606 shares of the textile maker’s stock valued at $892,000 after purchasing an additional 2,436 shares during the last quarter. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Trading Down 5.6%

Shares of HBI opened at $5.05 on Thursday. The firm has a fifty day simple moving average of $5.08 and a two-hundred day simple moving average of $6.81. Hanesbrands Inc. has a twelve month low of $4.02 and a twelve month high of $9.10. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. The stock has a market capitalization of $1.78 billion, a P/E ratio of -5.49 and a beta of 1.50.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, May 8th. The textile maker reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The firm had revenue of $760.15 million during the quarter, compared to analysts’ expectations of $757.42 million. During the same period last year, the company posted ($0.02) EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on HBI shares. UBS Group increased their price target on shares of Hanesbrands from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Stifel Nicolaus dropped their price target on shares of Hanesbrands from $7.00 to $5.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. Barclays increased their price target on shares of Hanesbrands from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Wells Fargo & Company increased their price target on shares of Hanesbrands from $3.00 to $4.00 and gave the company an “underweight” rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $5.60.

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.