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

Brandes Investment Partners LP grew its holdings in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,147,194 shares of the textile maker's stock after buying an additional 101,383 shares during the period. Brandes Investment Partners LP owned approximately 1.46% of Hanesbrands worth $41,898,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Hennessy Advisors Inc. acquired a new stake in shares of Hanesbrands in the 4th quarter valued at about $62,199,000. JPMorgan Chase & Co. boosted its holdings in Hanesbrands by 484.0% in the third quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker's stock worth $15,757,000 after acquiring an additional 1,776,690 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Hanesbrands in the third quarter valued at approximately $7,249,000. Raymond James Financial Inc. acquired a new stake in Hanesbrands in the fourth quarter valued at approximately $5,395,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Hanesbrands by 388.9% during the third quarter. BNP Paribas Financial Markets now owns 742,314 shares of the textile maker's stock valued at $5,456,000 after acquiring an additional 590,493 shares in the last quarter. Institutional investors and hedge funds own 80.31% of the company's stock.

Insider Transactions at Hanesbrands

In related news, Director Robert F. Moran purchased 74,850 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the purchase, the director now directly owns 216,373 shares in the company, valued at approximately $1,300,401.73. This trade represents a 52.89 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.46% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several analysts recently issued reports on the stock. UBS Group raised shares of Hanesbrands from a "neutral" rating to a "buy" rating and lifted their price target for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Stifel Nicolaus reiterated 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $7.10.

Hanesbrands Stock Down 0.8 %

HBI stock traded down $0.05 during trading on Tuesday, reaching $5.89. The stock had a trading volume of 1,863,125 shares, compared to its average volume of 6,837,607. Hanesbrands Inc. has a one year low of $4.40 and a one year high of $9.10. The company's 50 day moving average is $7.23 and its two-hundred day moving average is $7.46. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of -6.41 and a beta of 1.75.

Hanesbrands (NYSE:HBI - Get Free Report) last released its earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. The company had revenue of $888.47 million during the quarter, compared to analyst estimates of $899.30 million. Equities research analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current 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.