American Century Companies Inc. Acquires 84,027 Shares of Hanesbrands Inc. (NYSE:HBI)

American Century Companies Inc. grew its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 19.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 526,758 shares of the textile maker’s stock after purchasing an additional 84,027 shares during the period. American Century Companies Inc.’s holdings in Hanesbrands were worth $2,597,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Concord Wealth Partners boosted its position in shares of Hanesbrands by 220.3% during the first quarter. Concord Wealth Partners now owns 5,260 shares of the textile maker’s stock valued at $31,000 after buying an additional 3,618 shares during the last quarter. Tradewinds Capital Management LLC purchased a new position in Hanesbrands during the 1st quarter worth $35,000. Rothschild Investment LLC bought a new stake in shares of Hanesbrands in the 2nd quarter worth $39,000. Hollencrest Capital Management purchased a new stake in shares of Hanesbrands in the first quarter valued at about $41,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Hanesbrands during the first quarter valued at about $44,000. 80.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Hanesbrands Stock Performance

Shares of HBI opened at $7.29 on Friday. The company has a debt-to-equity ratio of 50.06, a current ratio of 1.46 and a quick ratio of 0.86. The firm has a market cap of $2.56 billion, a PE ratio of -121.50 and a beta of 1.57. Hanesbrands Inc. has a 1 year low of $3.55 and a 1 year high of $7.31. The stock’s fifty day moving average price is $6.24 and its two-hundred day moving average price is $5.43.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.15 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 for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm earned ($0.01) earnings per share. The company’s revenue was down 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Hanesbrands Inc. will post 0.35 EPS 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.