Dimensional Fund Advisors LP Purchases 632,865 Shares of Hanesbrands Inc. (NYSE:HBI)

Dimensional Fund Advisors LP grew its stake in Hanesbrands Inc. (NYSE:HBI - Free Report) by 12.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,749,433 shares of the textile maker's stock after purchasing an additional 632,865 shares during the quarter. Dimensional Fund Advisors LP owned about 1.64% of Hanesbrands worth $25,642,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Journey Strategic Wealth LLC purchased a new stake in shares of Hanesbrands in the 3rd quarter worth about $41,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of Hanesbrands in the 3rd quarter worth about $42,000. AXQ Capital LP purchased a new stake in shares of Hanesbrands in the 3rd quarter worth about $43,000. Alhambra Investment Management LLC purchased a new stake in shares of Hanesbrands in the 4th quarter worth about $46,000. Finally, First Trust Direct Indexing L.P. purchased a new stake in shares of Hanesbrands in the 4th quarter worth about $48,000. 80.31% of the stock is currently owned by institutional investors.

Hanesbrands Stock Down 2.2 %

HBI stock traded down $0.12 during trading on Tuesday, hitting $5.05. 3,588,257 shares of the stock traded hands, compared to its average volume of 7,933,966. The firm's 50 day moving average is $4.92 and its two-hundred day moving average is $4.64. The company has a debt-to-equity ratio of 9.57, a current ratio of 1.59 and a quick ratio of 0.62. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -84.08 and a beta of 1.62. Hanesbrands Inc. has a 1 year low of $3.54 and a 1 year high of $5.86.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The textile maker reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.04. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.19 billion. Hanesbrands had a negative net margin of 0.42% and a positive return on equity of 9.84%. The business's quarterly revenue was down 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.06) EPS. On average, sell-side analysts anticipate that Hanesbrands Inc. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HBI. Wedbush upped their target price on shares of Hanesbrands from $4.50 to $5.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 3rd. Barclays increased their price objective on shares of Hanesbrands from $4.00 to $5.00 and gave the company an "equal weight" rating in a research report on Friday, May 10th. Finally, Citigroup increased their price objective on shares of Hanesbrands from $4.50 to $5.50 and gave the company a "neutral" rating in a research report on Wednesday, April 3rd. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hanesbrands has an average rating of "Hold" and a consensus target price of $5.00.

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.