XTX Topco Ltd Acquires Shares of 135,518 Hanesbrands Inc. (NYSE:HBI)

XTX Topco Ltd purchased a new stake in Hanesbrands Inc. (NYSE:HBI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 135,518 shares of the textile maker’s stock, valued at approximately $996,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of Hanesbrands by 42.3% in the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after acquiring an additional 1,594 shares during the period. Whittier Trust Co. purchased a new position in Hanesbrands during the third quarter worth about $51,000. Rothschild Investment LLC acquired a new stake in shares of Hanesbrands during the second quarter valued at about $39,000. Intech Investment Management LLC acquired a new position in shares of Hanesbrands in the second quarter valued at approximately $51,000. Finally, ERTS Wealth Advisors LLC acquired a new position in shares of Hanesbrands in the third quarter valued at approximately $76,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and upped their target price for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Hanesbrands presently has a consensus rating of “Hold” and a consensus price target of $6.90.

Hanesbrands Price Performance

NYSE:HBI opened at $8.40 on Wednesday. The business’s 50-day moving average price is $7.76 and its 200 day moving average price is $6.44. The firm has a market cap of $2.96 billion, a P/E ratio of -12.73 and a beta of 1.63. Hanesbrands Inc. has a 52-week low of $3.71 and a 52-week high of $9.10. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 21.50.

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

About Hanesbrands

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.