Brandes Investment Partners LP increased its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,147,194 shares of the textile maker's stock after purchasing an additional 101,383 shares during the quarter. Brandes Investment Partners LP owned approximately 1.46% of Hanesbrands worth $41,898,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Hanesbrands by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker's stock worth $14,003,000 after purchasing an additional 53,995 shares during the period. FMR LLC lifted its holdings in shares of Hanesbrands by 203.5% during the third quarter. FMR LLC now owns 115,833 shares of the textile maker's stock valued at $851,000 after acquiring an additional 77,669 shares during the period. Alberta Investment Management Corp lifted its holdings in shares of Hanesbrands by 31.4% during the fourth quarter. Alberta Investment Management Corp now owns 398,423 shares of the textile maker's stock valued at $3,243,000 after acquiring an additional 95,177 shares during the period. Hennessy Advisors Inc. bought a new position in shares of Hanesbrands during the fourth quarter valued at $62,199,000. Finally, Taika Capital LP bought a new position in shares of Hanesbrands during the fourth quarter valued at $1,054,000. 80.31% of the stock is owned by institutional investors.
Analysts Set New Price Targets
HBI has been the subject of a number of analyst reports. UBS Group raised Hanesbrands from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. Stifel Nicolaus reissued a "hold" rating and set a $7.00 price objective (down from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Hanesbrands has an average rating of "Hold" and an average target price of $7.10.
Get Our Latest Stock Report on HBI
Insider Buying and Selling
In related news, Director Robert F. Moran bought 74,850 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the transaction, the director now owns 216,373 shares of the company's stock, valued at $1,300,401.73. This represents a 52.89 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.46% of the company's stock.
Hanesbrands Price Performance
Shares of Hanesbrands stock traded up $0.05 during trading on Monday, reaching $5.92. The company's stock had a trading volume of 1,909,696 shares, compared to its average volume of 6,707,881. The stock has a 50-day moving average price of $7.23 and a two-hundred day moving average price of $7.46. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. Hanesbrands Inc. has a one year low of $4.40 and a one year high of $9.10. The stock has a market capitalization of $2.09 billion, a P/E ratio of -6.44 and a beta of 1.75.
Hanesbrands (NYSE:HBI - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $888.47 million during the quarter, compared to analysts' expectations of $899.30 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. As a group, sell-side analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.
Hanesbrands Company Profile
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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.
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