Fox Run Management L.L.C. Purchases New Stake in Hanesbrands Inc. (NYSE:HBI)

Fox Run Management L.L.C. acquired a new position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 67,803 shares of the textile maker's stock, valued at approximately $552,000.

Several other large investors have also made changes to their positions in HBI. Geode Capital Management LLC increased its stake in Hanesbrands by 1.1% during the third quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker's stock worth $58,183,000 after acquiring an additional 89,367 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Hanesbrands during the 4th quarter worth about $62,199,000. American Century Companies Inc. increased its position in Hanesbrands by 147.7% during the 4th quarter. American Century Companies Inc. now owns 5,362,455 shares of the textile maker's stock worth $43,650,000 after purchasing an additional 3,197,544 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Hanesbrands by 3.7% in the fourth quarter. Allianz Asset Management GmbH now owns 5,283,917 shares of the textile maker's stock valued at $43,011,000 after buying an additional 189,397 shares during the period. Finally, Brandes Investment Partners LP lifted its position in Hanesbrands by 2.0% during the fourth quarter. Brandes Investment Partners LP now owns 5,147,194 shares of the textile maker's stock valued at $41,898,000 after buying an additional 101,383 shares in the last quarter. 80.31% of the stock is owned by hedge funds and other institutional investors.

Hanesbrands Stock Down 1.6 %

Shares of NYSE:HBI traded down $0.10 during mid-day trading on Friday, hitting $5.78. 4,525,886 shares of the company traded hands, compared to its average volume of 7,069,805. The firm's 50 day simple moving average is $6.75 and its 200 day simple moving average is $7.42. The firm has a market cap of $2.04 billion, a P/E ratio of -6.28 and a beta of 1.75. 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 Inc. has a 52-week low of $4.40 and a 52-week high of $9.10.

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Hanesbrands (NYSE:HBI - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $888.47 million for the quarter, compared to analyst estimates of $899.30 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. On average, equities analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran purchased 74,850 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the purchase, the director now owns 216,373 shares in the company, valued at $1,300,401.73. The trade was a 52.89 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Stifel Nicolaus reissued 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Hanesbrands currently has a consensus rating of "Hold" and an average target price of $7.10.

About Hanesbrands

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.