Choreo LLC invests $82,000 in Hanesbrands Inc. (NYSE:HBI)

Choreo LLC purchased a new position in shares of Hanesbrands Inc. (NYSE:HBI – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,923 shares of the textile maker’s stock, valued at approximately $82,000.

Other large investors have also modified their holdings of the company. Concord Wealth Partners raised its stake in shares of Hanesbrands by 220.3% in the first quarter. Concord Wealth Partners now owns 5,260 shares of the textile maker’s stock worth $31,000 after purchasing an additional 3,618 shares during the last quarter. Tradewinds Capital Management LLC acquired a new stake in shares of Hanesbrands in the 1st quarter worth about $35,000. Hollencrest Capital Management acquired a new stake in shares of Hanesbrands in the 1st quarter worth approximately $41,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Hanesbrands in the first quarter worth approximately $44,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Hanesbrands in the second quarter worth about $39,000. Hedge funds and other institutional investors own 80.31% of the company’s shares.

Hanesbrands stock rose 0.6%

Shares of Hanesbrands stock opened at $6.99 on Friday. The company has a debt-to-equity ratio of 50.06, a quick ratio of 0.86, and a current ratio of 1.46. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of -116.50 and a beta of 1.57. Hanesbrands Inc. it has a fifty-two week low of $3.54 and a fifty-two week high of $7.06. The stock’s fifty day moving average is $6.07 and the two hundred day moving average is $5.38.

Hanesbrands (NYSE:HBI – Get Your Free Report ) last posted its earnings results on Thursday, August 8th. The textile maker reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. The company had revenue of $995.40 million for the quarter, compared to analyst estimates of $1.35 billion. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. Hanesbrands’s revenue was down 3.8% compared to the same quarter last year. In the same quarter last year, the company earned ($0.01) earnings per share. Analysts predict that Hanesbrands Inc. will record 0.35 EPS for the current fiscal year.

Analysts set new price targets

HBI has been the subject of several research analyst reports. Wedbush reiterated a “neutral” rating and issued a $5.00 price objective on shares of Hanesbrands in a research report on Thursday, June 6th. UBS Group boosted their price objective on Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a research report on Tuesday, August 27th. Stifel Nicolaus boosted their price objective on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research report on Monday, August 12th. Finally, Barclays boosted their price objective on Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Six analysts have rated the stock with a hold rating. The stock presently has a consensus rating of “Hold” and an average price target of $5.80, based on data from MarketBeat.com.

Read our latest Hanesbrands review

About Hanesbrands

(Free Report)

Hanesbrands Inc, a consumer goods company, designs, manufactures, supplies and sells a range of men’s, women’s and children’s innerwear in the Americas, Europe, Asia Pacific and internationally. The company operates through three segments: Innerwear, Activewear and International.

Further reading

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