Aigen Investment Management LP Invests $850,000 in Hanesbrands Inc. (NYSE:HBI)

Aigen Investment Management LP bought a new position in shares of Hanesbrands Inc. (NYSE:HBIFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 190,603 shares of the textile maker’s stock, valued at approximately $850,000. Aigen Investment Management LP owned 0.05% of Hanesbrands as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in Hanesbrands by 3.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 261,487 shares of the textile maker’s stock valued at $1,035,000 after purchasing an additional 8,174 shares in the last quarter. Coldstream Capital Management Inc. purchased a new stake in Hanesbrands during the 3rd quarter worth approximately $49,000. MGO One Seven LLC boosted its stake in shares of Hanesbrands by 33.9% during the 3rd quarter. MGO One Seven LLC now owns 13,456 shares of the textile maker’s stock valued at $53,000 after buying an additional 3,405 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Hanesbrands by 6.0% during the 3rd quarter. Signaturefd LLC now owns 77,545 shares of the textile maker’s stock valued at $307,000 after buying an additional 4,388 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Hanesbrands by 8.8% in the third quarter. Victory Capital Management Inc. now owns 62,079 shares of the textile maker’s stock valued at $246,000 after acquiring an additional 5,038 shares in the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HBI. Barclays upped their price objective on Hanesbrands from $4.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Citigroup upped their target price on Hanesbrands from $4.50 to $5.50 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Finally, Wedbush increased their price objective on shares of Hanesbrands from $4.50 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.00.

Check Out Our Latest Report on Hanesbrands

Hanesbrands Stock Performance

HBI remained flat at $4.99 on Wednesday. 1,502,783 shares of the company were exchanged, compared to its average volume of 8,162,704. Hanesbrands Inc. has a 12-month low of $3.54 and a 12-month high of $5.86. The firm has a 50 day moving average of $5.00 and a two-hundred day moving average of $4.58. The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 9.57.

Hanesbrands (NYSE:HBIGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The textile maker reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. Hanesbrands had a negative net margin of 0.42% and a positive return on equity of 9.84%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the business earned ($0.06) earnings per share. Hanesbrands’s revenue for the quarter was down 16.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Hanesbrands Inc. will post 0.45 earnings per share for the current fiscal year.

Hanesbrands Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.