Hanesbrands Inc. (NYSE:HBI) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in Hanesbrands Inc. (NYSE:HBI) by 18.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,661,235 shares of the textile maker’s stock after purchasing an additional 1,024,308 shares during the quarter. Dimensional Fund Advisors LP owned about 1.89% of Hanesbrands worth $32,836,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Hanesbrands by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker’s stock valued at $233,542,000 after acquiring an additional 1,362,140 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Hanesbrands during the 1st quarter valued at about $1,093,000. Shell Asset Management Co. increased its stake in shares of Hanesbrands by 127.0% during the 1st quarter. Shell Asset Management Co. now owns 20,417 shares of the textile maker’s stock valued at $118,000 after acquiring an additional 11,423 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Hanesbrands by 212.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 409,468 shares of the textile maker’s stock valued at $2,375,000 after acquiring an additional 278,383 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Hanesbrands by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 70,932 shares of the textile maker’s stock valued at $411,000 after acquiring an additional 4,881 shares during the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

Analyst Upgrades and Downgrades

HBI has been the subject of a number of research analyst reports. Wedbush reaffirmed a “neutral” rating and set a $5.00 price objective on shares of Hanesbrands in a research note on Thursday, June 6th. UBS Group boosted their target price on Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, August 27th. Stifel Nicolaus boosted their target price on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a report on Monday, August 12th. Finally, Barclays boosted their target price on Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.80.

Hanesbrands Stock Down 1.6 %

NYSE HBI opened at $7.23 on Wednesday. The stock has a market cap of $2.54 billion, a PE ratio of -120.50 and a beta of 1.57. Hanesbrands Inc. has a fifty-two week low of $3.58 and a fifty-two week high of $7.41. The business has a 50 day moving average price of $6.28 and a two-hundred day moving average price of $5.45. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 50.06.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, August 8th. The textile maker reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $995.40 million during the quarter, compared to analysts’ expectations of $1.35 billion. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. Hanesbrands’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.01) EPS. As a group, sell-side analysts predict that Hanesbrands Inc. will post 0.35 EPS for the current fiscal 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.