Susquehanna Fundamental Investments LLC Invests $7.15 Million in Hanesbrands Inc. (NYSE:HBI)

Susquehanna Fundamental Investments LLC purchased a new stake in Hanesbrands Inc. (NYSE:HBI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 877,840 shares of the textile maker's stock, valued at approximately $7,146,000. Susquehanna Fundamental Investments LLC owned approximately 0.25% of Hanesbrands as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Hanesbrands by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 40,034,878 shares of the textile maker's stock valued at $325,884,000 after buying an additional 421,915 shares during the period. Hennessy Advisors Inc. bought a new position in Hanesbrands in the 4th quarter worth about $62,199,000. Dimensional Fund Advisors LP raised its holdings in shares of Hanesbrands by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,909,654 shares of the textile maker's stock valued at $56,245,000 after acquiring an additional 171,918 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Hanesbrands by 60.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,493,266 shares of the textile maker's stock valued at $44,715,000 after acquiring an additional 2,069,315 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Hanesbrands by 147.7% during the fourth quarter. American Century Companies Inc. now owns 5,362,455 shares of the textile maker's stock worth $43,650,000 after purchasing an additional 3,197,544 shares in the last quarter. 80.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HBI shares. UBS Group lifted their target price on shares of Hanesbrands from $7.00 to $8.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus dropped their price objective on shares of Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a report on Thursday, April 10th.

Insider Activity at Hanesbrands

In related news, Director Robert F. Moran bought 74,850 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of $6.01 per share, with a total value of $449,848.50. Following the completion of the purchase, the director now owns 216,373 shares in the company, valued at approximately $1,300,401.73. The trade was a 52.89 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Hanesbrands Stock Performance

Shares of HBI stock opened at $4.82 on Monday. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68. The business has a 50-day moving average of $5.43 and a 200 day moving average of $7.08. The stock has a market capitalization of $1.70 billion, a PE ratio of -5.24 and a beta of 1.55. Hanesbrands Inc. has a 1-year low of $4.02 and a 1-year high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $888.47 million during the quarter, compared to analyst estimates of $899.30 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. As a group, sell-side analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

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.

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