Cambridge Investment Research Advisors Inc. Buys 81,709 Shares of Hanesbrands Inc. (NYSE:HBI)

Cambridge Investment Research Advisors Inc. boosted its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 60.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 216,653 shares of the textile maker's stock after acquiring an additional 81,709 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.06% of Hanesbrands worth $1,250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Crumly & Associates Inc. purchased a new position in shares of Hanesbrands during the 1st quarter valued at about $67,000. Insigneo Advisory Services LLC bought a new position in Hanesbrands during the first quarter valued at approximately $58,000. Mission Wealth Management LP raised its stake in shares of Hanesbrands by 8.0% during the first quarter. Mission Wealth Management LP now owns 94,796 shares of the textile maker's stock worth $547,000 after acquiring an additional 7,042 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Hanesbrands by 37.8% in the 1st quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker's stock worth $48,000 after acquiring an additional 2,267 shares during the last quarter. Finally, CX Institutional purchased a new stake in shares of Hanesbrands in the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 80.31% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. UBS Group lifted their target price on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Barclays set a $6.00 target price on Hanesbrands and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. Stifel Nicolaus reduced their price target on Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company boosted their price objective on Hanesbrands from $3.00 to $4.00 and gave the company an "underweight" rating in a research report on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of Hanesbrands from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.75.

Hanesbrands Trading Up 1.1%

Shares of NYSE HBI traded up $0.05 during trading hours on Tuesday, hitting $4.66. The company's stock had a trading volume of 4,497,737 shares, compared to its average volume of 6,951,242. Hanesbrands Inc. has a 12 month low of $4.02 and a 12 month high of $9.10. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of -5.55 and a beta of 1.47. The company has a debt-to-equity ratio of 53.45, a quick ratio of 0.67 and a current ratio of 1.55. The business has a 50-day simple moving average of $4.85 and a 200-day simple moving average of $5.97.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.04. The firm had revenue of $760.15 million for the quarter, compared to analyst estimates of $757.42 million. Hanesbrands had a positive return on equity of 262.15% and a negative net margin of 8.12%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned ($0.02) EPS. On average, analysts anticipate that Hanesbrands Inc. will post 0.53 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.