Empowered Funds LLC Takes Position in Hanesbrands Inc. (NYSE:HBI)

Empowered Funds LLC purchased a new stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 58,123 shares of the textile maker's stock, valued at approximately $473,000.

A number of other hedge funds have also bought and sold shares of HBI. FMR LLC grew its position in Hanesbrands by 203.5% during the 3rd quarter. FMR LLC now owns 115,833 shares of the textile maker's stock worth $851,000 after purchasing an additional 77,669 shares during the period. Hennessy Advisors Inc. acquired a new stake in Hanesbrands during the fourth quarter worth about $62,199,000. International Assets Investment Management LLC raised its position in Hanesbrands by 481.0% during the third quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker's stock valued at $3,822,000 after acquiring an additional 430,534 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in Hanesbrands in the third quarter valued at approximately $785,000. Finally, Whittier Trust Co. purchased a new stake in Hanesbrands in the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 80.31% of the company's stock.

Analyst Ratings Changes

HBI has been the subject of several analyst reports. Barclays boosted their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Stifel Nicolaus reiterated a "hold" rating and issued a $7.00 price objective (down previously from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. Finally, UBS Group upgraded Hanesbrands from a "neutral" rating to a "buy" rating and raised their target price for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $7.10.

Hanesbrands Price Performance

Shares of HBI stock traded down $0.01 on Friday, reaching $6.16. 6,819,514 shares of the company were exchanged, compared to its average volume of 7,616,751. The company has a market cap of $2.17 billion, a price-to-earnings ratio of -6.69 and a beta of 1.63. Hanesbrands Inc. has a 1 year low of $4.40 and a 1 year high of $9.10. The business has a 50-day moving average price of $7.91 and a 200 day moving average price of $7.46. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its earnings results on Thursday, February 13th. The textile maker reported $0.17 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%. Equities research analysts forecast that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robert F. Moran purchased 74,850 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the transaction, the director now directly owns 216,373 shares of the company's stock, valued at approximately $1,300,401.73. This trade represents a 52.89 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

Hanesbrands 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.