Hanseatic Management Services Inc. Invests $691,000 in Hanesbrands Inc. (NYSE:HBI)

Hanseatic Management Services Inc. acquired a new position in Hanesbrands Inc. (NYSE:HBI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 84,887 shares of the textile maker's stock, valued at approximately $691,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Choreo LLC bought a new position in Hanesbrands in the 2nd quarter worth approximately $82,000. American Century Companies Inc. boosted its position in shares of Hanesbrands by 19.0% during the second quarter. American Century Companies Inc. now owns 526,758 shares of the textile maker's stock worth $2,597,000 after acquiring an additional 84,027 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Hanesbrands by 18.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker's stock valued at $32,836,000 after acquiring an additional 1,024,308 shares in the last quarter. Moors & Cabot Inc. increased its holdings in Hanesbrands by 8.2% in the 2nd quarter. Moors & Cabot Inc. now owns 46,383 shares of the textile maker's stock valued at $229,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in shares of Hanesbrands during the 2nd quarter valued at about $647,000. 80.31% of the stock is owned by hedge funds and other institutional investors.

Hanesbrands Stock Down 0.3 %

Shares of NYSE HBI traded down $0.02 during mid-day trading on Friday, reaching $8.29. 4,432,707 shares of the company were exchanged, compared to its average volume of 4,587,167. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 21.50. Hanesbrands Inc. has a 1 year low of $3.88 and a 1 year high of $9.10. The firm has a 50-day moving average of $8.37 and a 200 day moving average of $7.09.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group raised shares of 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 report on Tuesday, November 26th. Barclays boosted their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Four investment 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, Hanesbrands currently has an average rating of "Hold" and an average price target of $6.90.

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.