WINTON GROUP Ltd bought a new position in shares of Hanesbrands Inc. (NYSE:HBI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,736 shares of the textile maker’s stock, valued at approximately $1,175,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in Hanesbrands by 53.6% in the first quarter. Victory Capital Management Inc. now owns 48,281 shares of the textile maker’s stock valued at $1,002,000 after purchasing an additional 16,846 shares during the last quarter. Principal Financial Group Inc. increased its stake in Hanesbrands by 2.0% in the first quarter. Principal Financial Group Inc. now owns 587,903 shares of the textile maker’s stock valued at $12,205,000 after purchasing an additional 11,691 shares during the last quarter. Teachers Advisors LLC increased its stake in Hanesbrands by 2.7% in the first quarter. Teachers Advisors LLC now owns 913,362 shares of the textile maker’s stock valued at $18,961,000 after purchasing an additional 24,181 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in Hanesbrands by 6.9% in the first quarter. Thrivent Financial For Lutherans now owns 13,990 shares of the textile maker’s stock valued at $290,000 after purchasing an additional 900 shares during the last quarter. Finally, Global X Management Co. LLC increased its stake in Hanesbrands by 42.2% in the first quarter. Global X Management Co. LLC now owns 7,903 shares of the textile maker’s stock valued at $164,000 after purchasing an additional 2,346 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

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Hanesbrands Inc. (NYSE HBI) opened at 23.448 on Friday. The stock’s 50 day moving average is $24.40 and its 200-day moving average is $22.87. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 15.366 and a beta of 0.72. Hanesbrands Inc. has a 12 month low of $18.91 and a 12 month high of $27.07.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.53 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.53. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. On average, equities research analysts expect that Hanesbrands Inc. will post $1.99 earnings per share for the current year.

In related news, insider John T. Marsh sold 10,325 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $24.27, for a total transaction of $250,587.75. Following the completion of the transaction, the insider now directly owns 99,997 shares in the company, valued at approximately $2,426,927.19. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Richard D. Moss sold 20,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $24.08, for a total value of $481,600.00. Following the transaction, the chief financial officer now owns 254,487 shares of the company’s stock, valued at $6,128,046.96. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Several equities analysts have commented on HBI shares. ValuEngine upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. BidaskClub upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Credit Suisse Group set a $28.00 price target on shares of Hanesbrands and gave the company a “buy” rating in a research note on Thursday, July 27th. Buckingham Research reiterated a “buy” rating and issued a $30.00 price target on shares of Hanesbrands in a research note on Monday, July 17th. Finally, Vetr lowered shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price target on the stock. in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. Hanesbrands presently has a consensus rating of “Buy” and a consensus target price of $27.27.

Hanesbrands Profile

Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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