SG Americas Securities LLC trimmed its place in shares of Hanesbrands Inc. (NYSE:HBI – Free Report) by 59.0% throughout the second quarter, in response to its most up-to-date disclosure with the Securities & Trade Fee. The institutional investor owned 71,445 shares of the textile maker’s inventory after promoting 102,620 shares throughout the interval. SG Americas Securities LLC’s holdings in Hanesbrands had been value $324,000 on the finish of the newest quarter.
A number of different hedge funds have additionally just lately purchased and offered shares of the corporate. Spire Wealth Administration boosted its place in shares of Hanesbrands by 409.9% throughout the 1st quarter. Spire Wealth Administration now owns 4,875 shares of the textile maker’s inventory value $26,000 after buying a further 3,919 shares within the final quarter. Versant Capital Administration Inc boosted its holdings in shares of Hanesbrands by 2,003.1% within the 1st quarter. Versant Capital Administration Inc now owns 6,162 shares of the textile maker’s inventory valued at $32,000 after buying a further 5,869 shares within the final quarter. Harbour Investments Inc. elevated its stake in shares of Hanesbrands by 63.2% within the 4th quarter. Harbour Investments Inc. now owns 6,020 shares of the textile maker’s inventory valued at $38,000 after buying a further 2,332 shares over the past quarter. Neo Ivy Capital Administration acquired a brand new place in shares of Hanesbrands throughout the 4th quarter value $50,000. Lastly, Cash Ideas Capital Corp lifted its place in shares of Hanesbrands by 91.1% throughout the 4th quarter. Cash Ideas Capital Corp now owns 7,944 shares of the textile maker’s inventory value $51,000 after shopping for a further 3,788 shares over the past quarter. 87.64% of the inventory is owned by institutional traders.
Hanesbrands Inventory Up 9.9 %
NYSE:HBI opened at $3.96 on Friday. Hanesbrands Inc. has a one 12 months low of $3.54 and a one 12 months excessive of $8.80. The corporate has a debt-to-equity ratio of 10.07, a present ratio of 1.67 and a fast ratio of 0.61. The corporate has a market cap of $1.38 billion, a PE ratio of -3.53 and a beta of 1.65. The agency’s 50 day easy transferring common is $4.91 and its 200 day easy transferring common is $4.74.
Hanesbrands (NYSE:HBI – Get Free Report) final launched its quarterly earnings outcomes on Thursday, August tenth. The textile maker reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The agency had income of $1.44 billion throughout the quarter, in comparison with the consensus estimate of $1.46 billion. Hanesbrands had a adverse web margin of 6.61% and a optimistic return on fairness of twenty-two.89%. The corporate’s income for the quarter was down 4.7% on a year-over-year foundation. Throughout the identical quarter final 12 months, the agency earned $0.28 earnings per share. On common, analysis analysts anticipate that Hanesbrands Inc. will put up 0.23 earnings per share for the present 12 months.
Wall Avenue Analyst Weigh In
A number of brokerages have commented on HBI. StockNews.com downgraded Hanesbrands from a “maintain” ranking to a “promote” ranking in a analysis notice on Thursday, August twenty fourth. Wedbush reaffirmed a “impartial” ranking and set a $5.50 value goal on shares of Hanesbrands in a report on Tuesday, August eighth. Two equities analysis analysts have rated the inventory with a promote ranking and 5 have issued a maintain ranking to the inventory. In accordance with knowledge from MarketBeat, Hanesbrands at the moment has a mean ranking of “Maintain” and a consensus goal value of $5.64.
Get Our Newest Evaluation on Hanesbrands
Hanesbrands Inc, a shopper items firm, designs, manufactures, sources, and sells a variety of fundamental attire for males, ladies, and kids. The corporate operates by means of three segments: Innerwear, Activewear, and Worldwide. It sells males’s underwear, ladies’s panties, kids’s underwear and socks, and activewear, in addition to intimate attire, comparable to bras and shapewears; residence items; and T-shirts, fleece, efficiency attire, sport shirts, efficiency T-shirts and shorts, sports activities bras, teamwear, and thermals, in addition to licensed emblem attire in collegiate bookstores and mass retail channels.
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