Long Run Wealth Advisors LLC Buys Shares of 15,560 Hanesbrands Inc. (NYSE:HBI)

Long Run Wealth Advisors LLC purchased a new position in Hanesbrands Inc. (NYSE:HBI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,560 shares of the textile maker’s stock, valued at approximately $127,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of Hanesbrands by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker’s stock valued at $58,183,000 after buying an additional 89,367 shares during the period. Hennessy Advisors Inc. bought a new position in Hanesbrands in the fourth quarter valued at about $62,199,000. Charles Schwab Investment Management Inc. boosted its position in Hanesbrands by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,382,574 shares of the textile maker’s stock worth $32,212,000 after purchasing an additional 11,074 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Hanesbrands by 484.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker’s stock valued at $15,757,000 after purchasing an additional 1,776,690 shares during the period. Finally, Verition Fund Management LLC bought a new position in shares of Hanesbrands in the 3rd quarter worth approximately $7,249,000. 80.31% of the stock is owned by institutional investors.

Hanesbrands Price Performance

Shares of HBI stock opened at $8.05 on Thursday. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49. Hanesbrands Inc. has a one year low of $4.06 and a one year high of $9.10. The company’s fifty day moving average price is $8.36 and its 200-day moving average price is $7.38.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $937.10 million for the quarter, compared to analysts’ expectations of $936.47 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. As a group, equities research analysts anticipate that Hanesbrands Inc. will post 0.39 EPS for the current year.

Analyst Ratings Changes

HBI has been the topic of a number of research reports. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $11.00 in a report on Tuesday, November 26th. Barclays raised their target price on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.90.

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.