Hanesbrands Inc. (NYSE:HBI) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 10.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,728 shares of the textile maker’s stock after acquiring an additional 3,676 shares during the quarter. Pacer Advisors Inc.’s holdings in Hanesbrands were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its position in Hanesbrands by 511.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 2,514 shares of the textile maker’s stock worth $43,000 after acquiring an additional 2,103 shares during the period. Private Ocean LLC acquired a new stake in Hanesbrands during the 2nd quarter worth approximately $49,000. Redhawk Wealth Advisors Inc. acquired a new stake in Hanesbrands during the 2nd quarter worth approximately $49,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of Hanesbrands in the 2nd quarter valued at approximately $49,000. Finally, Investors Research Corp lifted its holdings in shares of Hanesbrands by 22.2% in the 2nd quarter. Investors Research Corp now owns 3,300 shares of the textile maker’s stock valued at $57,000 after buying an additional 600 shares during the period. 90.21% of the stock is owned by institutional investors.

In other news, insider Joia M. Johnson acquired 7,100 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average cost of $13.97 per share, with a total value of $99,187.00. Following the purchase, the insider now directly owns 115,830 shares of the company’s stock, valued at approximately $1,618,145.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gerald Evans acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of $14.74 per share, with a total value of $147,400.00. Following the completion of the purchase, the chief executive officer now directly owns 1,655,880 shares in the company, valued at $24,407,671.20. The disclosure for this purchase can be found here. 1.04% of the stock is owned by company insiders.

Several analysts have recently commented on the company. UBS Group reduced their price target on Hanesbrands from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Bank of America reduced their price target on Hanesbrands from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. ValuEngine raised Hanesbrands from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Citigroup reduced their price target on Hanesbrands from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $16.75.

HBI opened at $15.65 on Tuesday. The company has a debt-to-equity ratio of 3.56, a current ratio of 1.77 and a quick ratio of 0.69. The business has a 50 day simple moving average of $14.87 and a 200-day simple moving average of $16.07. The stock has a market capitalization of $5.51 billion, a P/E ratio of 9.15, a P/E/G ratio of 1.99 and a beta of 1.17. Hanesbrands Inc. has a 12 month low of $11.57 and a 12 month high of $19.38.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, August 1st. The textile maker reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Hanesbrands had a return on equity of 63.57% and a net margin of 8.13%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. Research analysts anticipate that Hanesbrands Inc. will post 1.76 EPS for the current year.

Hanesbrands Profile

Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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