Fmr LLC Has $851,000 Stake in Hanesbrands Inc. (NYSE:HBI)

FMR LLC lifted its holdings in Hanesbrands Inc. (NYSE:HBI - Free Report) by 203.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,833 shares of the textile maker's stock after purchasing an additional 77,669 shares during the period. FMR LLC's holdings in Hanesbrands were worth $851,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company raised its stake in Hanesbrands by 4.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 184,714 shares of the textile maker's stock valued at $1,358,000 after purchasing an additional 7,897 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Hanesbrands by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,382,574 shares of the textile maker's stock valued at $32,212,000 after buying an additional 11,074 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Hanesbrands in the third quarter valued at about $785,000. Intech Investment Management LLC grew its position in Hanesbrands by 628.2% during the third quarter. Intech Investment Management LLC now owns 74,766 shares of the textile maker's stock worth $550,000 after buying an additional 64,499 shares in the last quarter. Finally, Moors & Cabot Inc. increased its stake in Hanesbrands by 25.9% during the third quarter. Moors & Cabot Inc. now owns 58,383 shares of the textile maker's stock valued at $429,000 after acquiring an additional 12,000 shares during the period. Institutional investors and hedge funds own 80.31% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on HBI. Barclays lifted their price objective on Hanesbrands from $6.00 to $7.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. UBS Group upgraded shares of Hanesbrands from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $6.90.

Hanesbrands Price Performance

Shares of Hanesbrands stock traded down $0.30 during midday trading on Wednesday, hitting $8.20. 6,268,861 shares of the company were exchanged, compared to its average volume of 7,602,411. The firm has a 50 day simple moving average of $7.91 and a 200-day simple moving average of $6.57. Hanesbrands Inc. has a 52 week low of $3.88 and a 52 week high of $9.10. The firm has a market cap of $2.89 billion, a P/E ratio of -12.42 and a beta of 1.64. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its earnings results on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. The company had revenue of $937.10 million for the quarter, compared to the consensus estimate of $936.47 million. During the same quarter in the previous year, the company earned $0.10 EPS. The firm's revenue for the quarter was down 2.5% compared to the same quarter last year. Research analysts forecast that Hanesbrands Inc. will post 0.39 earnings per share for the current 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.