Goldman Sachs Group Inc. Purchases 561,039 Shares of Hanesbrands Inc. (NYSE:HBI)

Goldman Sachs Group Inc. boosted its holdings in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 17.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,806,697 shares of the textile maker's stock after buying an additional 561,039 shares during the period. Goldman Sachs Group Inc. owned approximately 1.08% of Hanesbrands worth $16,978,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Sherbrooke Park Advisers LLC purchased a new stake in shares of Hanesbrands in the third quarter valued at about $42,000. AXQ Capital LP purchased a new stake in shares of Hanesbrands in the third quarter valued at about $43,000. Alhambra Investment Management LLC purchased a new stake in shares of Hanesbrands in the fourth quarter valued at about $46,000. First Trust Direct Indexing L.P. purchased a new stake in shares of Hanesbrands in the fourth quarter valued at about $48,000. Finally, Focus Financial Network Inc. ADV bought a new position in Hanesbrands during the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 80.31% of the company's stock.

Hanesbrands Stock Performance

NYSE:HBI traded up $0.09 on Friday, reaching $4.93. 14,186,394 shares of the company's stock were exchanged, compared to its average volume of 7,837,982. 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 firm has a market cap of $1.73 billion, a price-to-earnings ratio of -80.67 and a beta of 1.62. Hanesbrands Inc. has a 52 week low of $3.54 and a 52 week high of $5.86. The stock has a fifty day simple moving average of $4.88 and a 200-day simple moving average of $4.77.

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

Analyst Ratings Changes

Several research firms recently weighed in on HBI. Citigroup increased their price target 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. Wedbush restated a "neutral" rating and set a $5.00 price target on shares of Hanesbrands in a research report on Thursday, June 6th. Finally, Barclays increased their price target 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. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hanesbrands presently has a consensus rating of "Hold" and a consensus price target of $5.00.

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.