Olympiad Research LP Takes Position in Hanesbrands Inc. $HBI

Olympiad Research LP bought a new position in Hanesbrands Inc. (NYSE:HBI) in the second quarter, Holdings Channel reports. The institutional investor bought 13,789 shares of the textile maker’s stock, valued at approximately $63,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC boosted its holdings in Hanesbrands by 11.2% during the 1st quarter. LPL Financial LLC now owns 505,109 shares of the textile maker’s stock valued at $2,914,000 after acquiring an additional 50,977 shares during the period. Vanguard Group Inc. boosted its stake in shares of Hanesbrands by 2.5% during the first quarter. Vanguard Group Inc. now owns 41,041,617 shares of the textile maker’s stock valued at $236,810,000 after purchasing an additional 1,006,739 shares during the period. Mackenzie Financial Corp increased its stake in shares of Hanesbrands by 436.4% in the first quarter. Mackenzie Financial Corp now owns 119,749 shares of the textile maker’s stock worth $691,000 after buying an additional 97,426 shares during the period. Bryce Point Capital LLC purchased a new position in shares of Hanesbrands in the first quarter worth $988,000. Finally, Cetera Investment Advisers raised its holdings in Hanesbrands by 6.8% during the 1st quarter. Cetera Investment Advisers now owns 77,486 shares of the textile maker’s stock valued at $447,000 after buying an additional 4,904 shares during the last quarter. 80.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Hanesbrands Stock Up 1.0%

Shares of Hanesbrands stock opened at $6.66 on Friday. 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 company has a 50-day moving average of $6.63 and a 200 day moving average of $5.60. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 7.23 and a beta of 1.50. Hanesbrands Inc. has a 1 year low of $3.96 and a 1 year high of $9.10.

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