GAMMA Investing LLC Grows Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

GAMMA Investing LLC boosted its position in Hanesbrands Inc. (NYSE:HBI) by 39.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,669 shares of the textile maker’s stock after acquiring an additional 1,895 shares during the period. GAMMA Investing LLC’s holdings in Hanesbrands were worth $54,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HBI. JPMorgan Chase & Co. boosted its holdings in shares of Hanesbrands by 484.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker’s stock valued at $15,757,000 after purchasing an additional 1,776,690 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $32,836,000 after purchasing an additional 1,024,308 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Hanesbrands in the 3rd quarter valued at $7,249,000. BNP Paribas Financial Markets boosted its holdings in shares of Hanesbrands by 388.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 742,314 shares of the textile maker’s stock valued at $5,456,000 after purchasing an additional 590,493 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of Hanesbrands by 193.4% in the 2nd quarter. Squarepoint Ops LLC now owns 834,104 shares of the textile maker’s stock valued at $4,112,000 after purchasing an additional 549,855 shares during the last quarter. 80.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HBI. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and lifted their target price for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. Barclays lifted their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.90.

Hanesbrands Stock Performance

Hanesbrands stock opened at $8.30 on Monday. Hanesbrands Inc. has a 12-month low of $3.88 and a 12-month high of $9.10. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of -12.58 and a beta of 1.64. 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 firm’s fifty day moving average price is $8.28 and its 200 day moving average price is $6.96.

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