Landscape Capital Management L.L.C. Invests $785,000 in Hanesbrands Inc. (NYSE:HBI)

Landscape Capital Management L.L.C. acquired a new position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 106,792 shares of the textile maker's stock, valued at approximately $785,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC boosted 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 purchasing an additional 64,499 shares during the period. Moors & Cabot Inc. boosted its position in Hanesbrands by 25.9% during the third quarter. Moors & Cabot Inc. now owns 58,383 shares of the textile maker's stock worth $429,000 after purchasing an additional 12,000 shares during the period. Natixis Advisors LLC bought a new stake in Hanesbrands during the third quarter worth approximately $248,000. Aigen Investment Management LP bought a new stake in Hanesbrands during the third quarter worth approximately $652,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Hanesbrands by 8.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 115,226 shares of the textile maker's stock worth $847,000 after purchasing an additional 9,457 shares during the period. Institutional investors and hedge funds own 80.31% of the company's stock.

Wall Street Analyst Weigh In

HBI has been the subject of several research reports. Barclays increased their price objective on Hanesbrands from $6.00 to $7.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Stifel Nicolaus upped their target price on Hanesbrands from $4.50 to $6.00 and gave the company a "hold" rating in a research note on Monday, August 12th. Finally, UBS Group upped their target price on Hanesbrands from $5.00 to $6.50 and gave the company a "neutral" rating in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, Hanesbrands has a consensus rating of "Hold" and a consensus target price of $6.00.

Hanesbrands Price Performance

Shares of HBI stock traded up $0.35 during trading hours on Friday, hitting $8.54. 5,227,073 shares of the company's stock were exchanged, compared to its average volume of 6,621,259. The stock's 50-day moving average is $7.37 and its 200-day moving average is $6.11. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of -12.94 and a beta of 1.58. Hanesbrands Inc. has a 52 week low of $3.58 and a 52 week high of $8.70.

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