Brandes Investment Partners LP Increases Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

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.

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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.

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

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.