Hanesbrands Inc. (NYSE:HBI) Shares Acquired by Fmr LLC

Fmr LLC raised its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 203.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 115,833 shares of the textile maker’s stock after purchasing an additional 77,669 shares during the period. Fmr LLC’s holdings in Hanesbrands were worth $851,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HBI. Loews Corp lifted its stake in shares of Hanesbrands by 108.7% in the 2nd 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in Hanesbrands by 18.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker’s stock valued at $32,836,000 after buying an additional 1,024,308 shares in the last quarter. Squarepoint Ops LLC grew its stake in Hanesbrands by 193.4% during the second quarter. Squarepoint Ops LLC now owns 834,104 shares of the textile maker’s stock worth $4,112,000 after buying an additional 549,855 shares during the period. International Assets Investment Management LLC increased its position in shares of Hanesbrands by 481.0% in the third quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker’s stock worth $3,822,000 after acquiring an additional 430,534 shares in the last quarter. Finally, Cooke & Bieler LP raised its stake in shares of Hanesbrands by 2.1% in the 2nd quarter. Cooke & Bieler LP now owns 16,329,763 shares of the textile maker’s stock valued at $80,506,000 after acquiring an additional 342,056 shares during the period. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HBI. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and upped their price target for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Barclays increased their target price on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.90.

Hanesbrands Stock Performance

NYSE:HBI opened at $8.50 on Wednesday. The firm has a 50-day moving average of $7.89 and a two-hundred day moving average of $6.55. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90. The stock has a market cap of $3.00 billion, a P/E ratio of -12.95 and a beta of 1.64. Hanesbrands Inc. has a 1-year low of $3.88 and a 1-year high of $9.10.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The business had revenue of $937.10 million for the quarter, compared to analysts’ expectations of $936.47 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company’s revenue was down 2.5% compared to the same quarter last year. On average, research analysts expect that Hanesbrands Inc. will post 0.39 earnings per share for the current fiscal 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.