Natixis Advisors LLC bought a new position in shares of Hanesbrands Inc. ( NYSE:HBI – Free Report ) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,677 shares of the textile maker’s stock, valued at approximately $248,000. Several other large investors have also recently added to or reduced their stakes in HBI. Price T Rowe Associates Inc. MD increased its stake in Hanesbrands by 8.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 163,147 shares of the textile maker’s stock worth $947,000 after acquiring an additional 12,637 shares during the last quarter. Cetera Advisors LLC increased its stake in Hanesbrands by 233.4% during the first quarter. Cetera Advisors LLC now owns 35,481 shares of the textile maker’s stock worth $206,000 after acquiring an additional 24,839 shares during the last quarter. Bard Financial Services Inc. increased its stake in Hanesbrands by 3.3% during the second quarter. Bard Financial Services Inc. now owns 975,415 shares of the textile maker’s stock worth $4,809,000 after acquiring an additional 30,800 shares during the last quarter. CWM LLC increased its stake in Hanesbrands by 25.6% during the second quarter. CWM LLC now owns 34,283 shares of the textile maker’s stock worth $169,000 after acquiring an additional 6,998 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. acquired a new stake in Hanesbrands during the second quarter worth about $57,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets Several brokerages have commented on HBI. Barclays upped their price target on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. UBS Group upgraded Hanesbrands from a “neutral” rating to a “buy” rating and upped their price target for the stock from $9.00 to $11.00 in a research note on Tuesday. Finally, Stifel Nicolaus upped their price target on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.90. Hanesbrands Stock Performance Shares of NYSE:HBI opened at $8.70 on Friday. The company has a market cap of $3.07 billion, a P/E ratio of -13.18 and a beta of 1.58. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49. Hanesbrands Inc. has a one year low of $3.58 and a one year high of $9.10. The business’s 50-day simple moving average is $7.55 and its 200 day simple moving average is $6.25. Hanesbrands ( NYSE:HBI – Get Free Report ) last announced its earnings results on Thursday, November 7th. The textile maker reported $0.15 EPS 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 the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS. On average, sell-side analysts forecast that Hanesbrands Inc. will post 0.39 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. See Also Five stocks we like better than Hanesbrands Most active stocks: Dollar volume vs share volume The Latest 13F Filings Are In: See Where Big Money Is Flowing Which Wall Street Analysts are the Most Accurate? 3 Penny Stocks Ready to Break Out in 2025 Investing In Preferred Stock vs. Common Stock FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Want to see what other hedge funds are holding HBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanesbrands Inc. ( NYSE:HBI – Free Report ). 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 .
TOMS RIVER, N.J. -- Gov. Phil Murphy has asked the Biden administration to put more resources into an investigation of mysterious drone sightings that have been reported in New Jersey and nearby states. Murphy, a Democrat, made the request in a letter Thursday, noting that state and local law enforcement remain “hamstrung” by existing laws and policies in their efforts to successfully counteract any nefarious activity of unmanned aircraft. He posted a copy of the letter on the social media platform X . “This leaves action surrounding the (drones) squarely on the shoulders of the federal government,” Murphy said. “More federal resources are needed to understand what is behind this activity.” Murphy and other officials have repeatedly stressed that there is no evidence that the aircraft pose a national security or a public safety threat, or have a foreign nexus. The Pentagon also has said they are not U.S. military drones. The drones have drawn intense public concern and curiosity since residents first reported seeing them last month. Assemblywoman Dawn Fantasia said from four to 180 aircraft have been reported to authorities since Nov. 18, appearing from dusk till 11 p.m. The flying objects have been spotted near the Picatinny Arsenal, a U.S. military research and manufacturing facility, and over President-elect Donald Trump’s golf course in Bedminster, but the number of reported sightings has grown greatly since then. Drones were also spotted in Pennsylvania, New York, Connecticut and other parts of the Mid-Atlantic region. The FBI, Federal Aviation Administration and other state and federal agencies involved in the investigation have not corroborated any of the reported sightings with electronic detection, and reviews of available images appear to show many of the reported drones are actually manned aircraft. They also say there have been no confirmed sightings in restricted air space. It’s also possible that a single drone has been seen and reported more than once, officials said. Some federal lawmakers have called on the military to “shoot down” the drones. The drones also appear to avoid detection by traditional methods such as helicopter and radio, according to a state lawmaker who was briefed by the Department of Homeland Security. In one case, a medevac helicopter was unable to pick up a seriously injured car accident victim in Branchburg Township in Somerset County late last month due to drones hovering near the planned landing zone, according to NJ.com. The FAA said Thursday that it does not have a report on this incident. Drones are legal in New Jersey for recreational and commercial use but are subject to local and FAA regulations and flight restrictions. Operators must be FAA certified. Witnesses say the drones they think they have seen in New Jersey appear to be larger than those typically used by hobbyists.
The Next AI Goldmine: Uncover It Before It Blows Up! Your Ticket to Massive Gains Inside.NYT: Pelosi fractures hip in fall abroadNoted music director Arjun Janya, making his directorial debut with 45, starring Kannada star actors including Dr. Shivarajkumar, Real Star Upendra, and Raj B Shetty, has teamed up with the renowned Toronto based VFX Studio company—MARZ for his dream project. First ever Indian project The VFX Studio MARZ, has so far worked in over 150 Hollywood films. The Kannada film marks the first ever project for MARZ, working on an Indian film, particularly in the Kannada industry. Arjun Janya took to social media to share the update on his ambitious project. “Thrilled to have Mr Raphael and Oscar nominated Mr Justin who has worked on Hollywood film THE CREATOR. Mr Raphael who has worked on films like Black Panther, The Matrix Resurrections, and Ant-Man, supervising the VFX for our movie 45!,” Arjun Janya wrote on X handle. The much-awaited Kannada film 45, starring Karunada Chakravarthy Shivarajkumar, Real Star Upendra, and Raj B Shetty, is making waves with its grand production scale and cutting-edge visual effects. ALSO READ: Arjun Janya Directorial ‘45’ Will Be One Of The Best Action Films In Indian Cinema: Dr Shivarajkumar 45 in post-production Arjun Janya’s directorial debut film is being bankrolled by M. Ramesh Reddy under his Suraj Productions banner. The shooting for the film was recently wrapped up and is now in the post-production phase. Actor-director Upendra, who portrays one of the lead roles in the multistarrer Pan-India Kannada venture, 45, along with Shivarajkumar and Raj B Shetty lauded the confidence of the director who meticulously planned the entire project before wrapping it up in 106 days since the film went on the floors. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Kannada, Entertainment News and around the world.
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New York state will adopt new regulations for the middlemen negotiating prescription drug prices between wholesalers and pharmacies. Gov. Kathy Hochul's office says the new rules for pharmacy benefit managers, or PBMs, will protect access to prescription drugs, prohibit practices that increase costs and help independent pharmacies compete with larger ones, which sometimes operate their own PBMs. Some of the regulations are aimed at increasing transparency of available prescriptions and easier access. "New Yorkers deserve access to affordable and fair-priced prescription drugs, and today's regulations ensure that consumers and small pharmacies are protected from unfair business practices,” Hochul said in a statement. “We are leveling the playing field for independent pharmacies, while promoting competition and empowering consumers. These new measures will improve access to essential medications, eliminate anti-competitive practices, and make certain that the health care system works for everyone, not just the big players." The new regulations can be found here.
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General Hospital spoilers: Michael moves to take something very important away from Drew?Cava Group ( CAVA 0.14% ) has been one of the best restaurant stocks to own this year. The fast-casual Mediterranean-style restaurant chain has been winning over not just customers, but investors as well. Through expansion and new menu offerings, it has been able to continually report solid numbers, propelling its share price to new heights. Recently, the company reported its latest earnings numbers, and one metric stood out to me. It highlights the business's impressive growth, and it's a great sign that the company is going in the right direction. Cava's same-restaurant sales came in at 18.1% For a restaurant chain, generating single-digit comparable sales growth is a good goal, especially amid today's economic conditions as consumers are cutting back on spending. But you wouldn't know the economy is facing those challenges if you looked at Cava's numbers. That's because for the most recent period, which ended on Oct. 6, the company reported its comparable restaurant sales growth was an impressive 18.1%. By comparison, Chipotle Mexican Grill reported comparable restaurant sales growth of 6% for its most recent quarter (ended on Sept. 30). And the numbers look even better for Cava if you compare its results to the global beast that is McDonald's -- for its September quarter, global comparable sales declined by 1.5%. Comparable restaurant sales are a key metric for restaurants as they tell investors how well the business is doing when factoring in locations that were open a year ago. This excludes the positive impact new restaurant openings would have on the top line. But this also works to the advantage of companies with smaller footprints such as Cava, which may target high-growth areas first and as they become larger and spread out, their growth rate may begin to gradually come down. Nonetheless, it's a good indicator of Cava's growth and the potential it has to continue generating strong numbers as demand looks solid. A fast growth rate has made Cava a stellar investment to own A big reason Cava is a hot stock to own this year is because of its growth potential. The company continually opens more stores. At the end of the most recent quarter, the company had 352 restaurants, up from 290 a year ago. Its goal is to have 1,000 locations by 2032. Cava's growth rate has been impressive in comparison to other restaurant chains , and with such ambitious targets ahead, that trend is likely to continue in the years ahead. CAVA Operating Revenue (Quarterly YoY Growth) data by YCharts Is Cava's high valuation a problem? As of Monday's close, Cava's stock was up a staggering 219% as there has been no shortage of bullishness around the business of late. While that's great for shareholders, people who are looking at buying the stock for the first time may feel as though they've missed the boat. Cava Group's sales grew by nearly 40% last quarter to $243.8 million. Its net income rose at an even faster rate of 163%, coming in at just under $18 million. While that is impressive, it still results in a fairly modest per-share profit of just $0.16. Cava's stock closed at $137.24 on Monday, putting its price-to-earnings multiple at more than 330. Even based on analyst projections, it's trading at over 277 times next year's profits. These are steep multiples and investors would be justified in thinking twice about whether the stock is a good buy at its current levels because with such high multiples, you are effectively paying for a lot of future growth. While Cava may still be a good investment to hold for the long term, investors should also temper their expectations as it could be a bumpy ride ahead. Although this is a fast-growing company, its extremely high valuation means that there is virtually no margin of safety with the stock and it could be vulnerable to a sell-off under weaker market conditions.Future of wrongful conviction commission far from certain