Fox Run Management L.L.C. Acquires New Position in Hanesbrands Inc. (NYSE:HBI)

Fox Run Management L.L.C. acquired a new position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 67,803 shares of the textile maker's stock, valued at approximately $552,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new position in Hanesbrands during the fourth quarter worth approximately $580,000. Sei Investments Co. raised its position in Hanesbrands by 3.3% in the 4th quarter. Sei Investments Co. now owns 371,649 shares of the textile maker's stock valued at $3,025,000 after purchasing an additional 11,737 shares during the last quarter. American Century Companies Inc. raised its position in Hanesbrands by 147.7% in the 4th quarter. American Century Companies Inc. now owns 5,362,455 shares of the textile maker's stock valued at $43,650,000 after purchasing an additional 3,197,544 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Hanesbrands during the 4th quarter worth $331,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Hanesbrands in the fourth quarter valued at $141,000. Institutional investors and hedge funds own 80.31% of the company's stock.

Insider Buying and Selling

In other Hanesbrands news, Director Robert F. Moran purchased 74,850 shares of Hanesbrands stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $6.01 per share, with a total value of $449,848.50. Following the completion of the acquisition, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

Several brokerages have recently weighed in on HBI. Stifel Nicolaus reiterated a "hold" rating and set a $7.00 target price (down previously from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. UBS Group raised Hanesbrands from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. 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, the company has a consensus rating of "Hold" and an average price target of $7.10.

Hanesbrands Price Performance

HBI stock traded down $0.11 on Tuesday, reaching $5.93. 4,718,188 shares of the company's stock were exchanged, compared to its average volume of 6,869,274. The stock has a fifty day moving average of $6.95 and a 200-day moving average of $7.45. The firm has a market cap of $2.09 billion, a PE ratio of -6.45 and a beta of 1.75. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. Hanesbrands Inc. has a twelve month low of $4.40 and a twelve month high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last announced 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. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The business had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. As a group, equities analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

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.