XTX Topco Ltd Purchases 124,808 Shares of Hanesbrands Inc. (NYSE:HBI)

Key Points

• XTX Topco Ltd significantly increased its stake in Hanesbrands Inc. by 110.5% during the first quarter, now owning 0.07% of the company valued at $1.37 million.
• Hanesbrands reported earnings of $0.07 per share for the last quarter, exceeding estimates and showing a 2.1% year-over-year revenue increase to $760.15 million.
• Despite positive earnings, analysts have varied views on the stock, with target prices ranging from $3.00 to $8.00, and a current consensus rating of "Hold."

XTX Topco Ltd lifted its stake in Hanesbrands Inc. (NYSE:HBI - Free Report) by 110.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 237,743 shares of the textile maker's stock after buying an additional 124,808 shares during the quarter. XTX Topco Ltd owned about 0.07% of Hanesbrands worth $1,372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HBI. Hsbc Holdings PLC raised its stake in Hanesbrands by 175.7% during the 4th quarter. Hsbc Holdings PLC now owns 276,547 shares of the textile maker's stock worth $2,283,000 after acquiring an additional 176,238 shares during the period. Trexquant Investment LP increased its stake in shares of Hanesbrands by 395.1% in the fourth quarter. Trexquant Investment LP now owns 548,724 shares of the textile maker's stock worth $4,467,000 after purchasing an additional 437,895 shares in the last quarter. Schroder Investment Management Group purchased a new stake in shares of Hanesbrands in the fourth quarter worth $980,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Hanesbrands by 60.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 216,653 shares of the textile maker's stock worth $1,250,000 after purchasing an additional 81,709 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Hanesbrands by 40.9% during the 4th quarter. Deutsche Bank AG now owns 366,836 shares of the textile maker's stock valued at $2,986,000 after purchasing an additional 106,464 shares during the period. Institutional investors own 80.31% of the company's stock.

Hanesbrands Price Performance

Shares of HBI traded down $0.02 during midday trading on Friday, hitting $4.07. 8,352,399 shares of the company traded hands, compared to its average volume of 4,263,059. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -4.85 and a beta of 1.40. The firm has a 50 day moving average of $4.64 and a 200-day moving average of $5.51. The company has a debt-to-equity ratio of 53.45, a quick ratio of 0.67 and a current ratio of 1.55. Hanesbrands Inc. has a 52 week low of $3.96 and a 52 week high of $9.10.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group lifted their target price on shares of Hanesbrands from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Wall Street Zen downgraded Hanesbrands from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Wells Fargo & Company increased their target price on Hanesbrands from $3.00 to $4.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 14th. 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. Finally, Stifel Nicolaus dropped their price target on Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Hanesbrands currently has a consensus rating of "Hold" and a consensus target price of $5.75.

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.