Landscape Capital Management L.L.C. Acquires New Stake in Hanesbrands Inc. (NYSE:HBI)

Landscape Capital Management L.L.C. acquired a new position in shares of Hanesbrands Inc. (NYSE:HBI) in the third quarter, HoldingsChannel reports. The firm acquired 106,792 shares of the textile maker’s stock, valued at approximately $785,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Hanesbrands by 42.3% during the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after buying an additional 1,594 shares in the last quarter. Whittier Trust Co. purchased a new stake in Hanesbrands in the 3rd quarter worth approximately $51,000. Rothschild Investment LLC purchased a new stake in Hanesbrands in the 2nd quarter worth approximately $39,000. Intech Investment Management LLC acquired a new position in Hanesbrands in the 2nd quarter valued at $51,000. Finally, ERTS Wealth Advisors LLC purchased a new position in shares of Hanesbrands during the 3rd quarter worth $76,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Wall Street Analyst Weigh In

HBI has been the subject of several analyst reports. UBS Group upped their target price on Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, August 27th. Barclays upped their price objective on shares of Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Finally, Stifel Nicolaus raised their target price on shares of Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research report on Monday, August 12th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.00.

Hanesbrands Price Performance

HBI stock opened at $8.54 on Friday. The company has a market cap of $3.01 billion, a PE ratio of -12.92 and a beta of 1.58. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 21.50. The stock has a 50-day moving average price of $7.34 and a two-hundred day moving average price of $6.08. Hanesbrands Inc. has a 12-month low of $3.58 and a 12-month high of $8.70.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $937.10 million for 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 was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. As a group, research analysts predict that Hanesbrands Inc. will post 0.39 EPS for the current year.

Hanesbrands Company Profile

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.