Hanesbrands Inc. (NYSE:HBI) Position Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 481.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 520,037 shares of the textile maker's stock after buying an additional 430,534 shares during the quarter. International Assets Investment Management LLC owned about 0.15% of Hanesbrands worth $3,822,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HBI. Vanguard Group Inc. boosted its holdings in shares of Hanesbrands by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker's stock valued at $233,542,000 after buying an additional 1,362,140 shares during the period. Loews Corp grew its holdings in shares of Hanesbrands by 108.7% during the second quarter. Loews Corp now owns 29,197,796 shares of the textile maker's stock valued at $143,945,000 after purchasing an additional 15,206,007 shares during the last quarter. Cooke & Bieler LP raised its position in shares of Hanesbrands by 2.1% during the 2nd quarter. Cooke & Bieler LP now owns 16,329,763 shares of the textile maker's stock worth $80,506,000 after purchasing an additional 342,056 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Hanesbrands by 18.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker's stock worth $32,836,000 after purchasing an additional 1,024,308 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its position in Hanesbrands by 3.9% during the 2nd quarter. Brandes Investment Partners LP now owns 4,834,202 shares of the textile maker's stock valued at $23,761,000 after purchasing an additional 183,069 shares during the period. Institutional investors own 80.31% of the company's stock.

Hanesbrands Price Performance

HBI traded up $0.14 on Friday, reaching $7.09. The company had a trading volume of 5,891,828 shares, compared to its average volume of 7,781,717. The company has a market capitalization of $2.49 billion, a P/E ratio of -8.34 and a beta of 1.58. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 50.06. The company has a fifty day moving average of $6.89 and a 200-day moving average of $5.76. Hanesbrands Inc. has a one year low of $3.58 and a one year high of $7.57.

Hanesbrands (NYSE:HBI - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. Hanesbrands had a negative net margin of 6.02% and a positive return on equity of 33.23%. The business had revenue of $995.40 million during the quarter, compared to analysts' expectations of $1.35 billion. During the same period last year, the firm posted ($0.01) earnings per share. The business's revenue was down 3.8% on a year-over-year basis. As a group, equities research analysts anticipate that Hanesbrands Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HBI shares. Stifel Nicolaus raised 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. Barclays boosted their target price on shares of Hanesbrands from $5.00 to $6.00 and gave the company an "equal weight" rating in a research note on Monday, August 12th. Finally, UBS Group raised their price target on shares of Hanesbrands from $5.00 to $6.50 and gave the company a "neutral" rating in a research note on Tuesday, August 27th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $5.80.

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.