Brandes Investment Partners LP increased its position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 2.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,147,194 shares of the textile maker's stock after buying an additional 101,383 shares during the quarter. Brandes Investment Partners LP owned about 1.46% of Hanesbrands worth $41,898,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Hanesbrands by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker's stock valued at $58,183,000 after purchasing an additional 89,367 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Hanesbrands in the 4th quarter valued at approximately $62,199,000. Allianz Asset Management GmbH grew its stake in shares of Hanesbrands by 3.7% in the 4th quarter. Allianz Asset Management GmbH now owns 5,283,917 shares of the textile maker's stock valued at $43,011,000 after purchasing an additional 189,397 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Hanesbrands by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,382,574 shares of the textile maker's stock valued at $32,212,000 after purchasing an additional 11,074 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Hanesbrands by 0.6% in the 4th quarter. Bank of New York Mellon Corp now owns 2,559,231 shares of the textile maker's stock valued at $20,832,000 after purchasing an additional 15,727 shares during the last quarter. Hedge funds and other institutional investors own 80.31% of the company's stock.
Insider Buying and Selling
In other news, Director Robert F. Moran acquired 74,850 shares of Hanesbrands stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $6.01 per share, with a total value of $449,848.50. Following the completion of the acquisition, the director now owns 216,373 shares in the company, valued at $1,300,401.73. This trade represents a 52.89 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.46% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on HBI shares. UBS Group upgraded Hanesbrands from a "neutral" rating to a "buy" rating and lifted their target price for the company from $9.00 to $11.00 in a research note on Tuesday, November 26th. Stifel Nicolaus reiterated a "hold" rating and issued a $7.00 target price (down from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $7.10.
Read Our Latest Stock Analysis on HBI
Hanesbrands Price Performance
Shares of HBI traded down $0.04 during mid-day trading on Tuesday, hitting $5.90. The company's stock had a trading volume of 4,894,899 shares, compared to its average volume of 6,840,958. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. The firm has a 50-day simple moving average of $7.13 and a 200 day simple moving average of $7.45. The firm has a market capitalization of $2.08 billion, a P/E ratio of -6.41 and a beta of 1.75. Hanesbrands Inc. has a 1-year low of $4.40 and a 1-year high of $9.10.
Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm 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%. Analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.
Hanesbrands Company 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.
Featured Articles
Before you consider Hanesbrands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hanesbrands wasn't on the list.
While Hanesbrands currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
