Hanesbrands Inc. (NYSE:HBI) Shares Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC grew its position in shares of Hanesbrands Inc. (NYSE:HBI) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 466,481 shares of the textile maker’s stock after acquiring an additional 31,430 shares during the quarter. Wolverine Asset Management LLC’s holdings in Hanesbrands were worth $2,081,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Bank of Canada FI grew its stake in shares of Hanesbrands by 8.8% in the third quarter. National Bank of Canada FI now owns 53,341 shares of the textile maker’s stock valued at $203,000 after buying an additional 4,300 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Hanesbrands by 169.8% in the third quarter. SG Americas Securities LLC now owns 192,748 shares of the textile maker’s stock valued at $763,000 after buying an additional 121,303 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Hanesbrands in the third quarter valued at about $132,000. Commonwealth Equity Services LLC grew its stake in shares of Hanesbrands by 2.4% in the third quarter. Commonwealth Equity Services LLC now owns 447,266 shares of the textile maker’s stock valued at $1,771,000 after buying an additional 10,272 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Hanesbrands by 5.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 141,844 shares of the textile maker’s stock valued at $562,000 after buying an additional 7,177 shares in the last quarter. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Trading Down 0.8 %

NYSE:HBI opened at $4.86 on Thursday. Hanesbrands Inc. has a 12-month low of $3.54 and a 12-month high of $5.86. The firm has a market capitalization of $1.71 billion, a P/E ratio of -97.20 and a beta of 1.58. The company has a debt-to-equity ratio of 7.72, a current ratio of 1.64 and a quick ratio of 0.65. The business has a 50 day simple moving average of $5.12 and a 200 day simple moving average of $4.51.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, February 15th. The textile maker reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). Hanesbrands had a negative net margin of 0.31% and a positive return on equity of 5.84%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the firm earned $0.07 EPS. The company’s revenue for the quarter was down 12.0% compared to the same quarter last year. Equities research analysts predict that Hanesbrands Inc. will post 0.44 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on HBI. Citigroup lifted their price objective on Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Wedbush lifted their price objective on Hanesbrands from $4.50 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.00.

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.