Brandes Investment Partners LP Has $23.76 Million Position in Hanesbrands Inc. (NYSE:HBI)

Brandes Investment Partners LP grew its holdings in Hanesbrands Inc. (NYSE:HBI) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,834,202 shares of the textile maker’s stock after buying an additional 183,069 shares during the quarter. Brandes Investment Partners LP’s holdings in Hanesbrands were worth $23,761,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position 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 worth $233,542,000 after purchasing an additional 1,362,140 shares in the last quarter. Loews Corp lifted its position in shares of Hanesbrands by 108.7% during the second quarter. Loews Corp now owns 29,197,796 shares of the textile maker’s stock worth $143,945,000 after purchasing an additional 15,206,007 shares in the last quarter. Cooke & Bieler LP increased its holdings in shares of Hanesbrands by 2.1% in the second quarter. Cooke & Bieler LP now owns 16,329,763 shares of the textile maker’s stock valued at $80,506,000 after purchasing an additional 342,056 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in 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 buying an additional 1,024,308 shares during the last quarter. Finally, Morningstar Investment Services LLC raised its holdings in Hanesbrands by 93.1% during the 4th quarter. Morningstar Investment Services LLC now owns 4,290,891 shares of the textile maker’s stock worth $19,051,000 after purchasing an additional 2,069,204 shares during the last quarter. 80.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Stifel Nicolaus increased their target price on shares of Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a report on Monday, August 12th. Barclays raised their price target on shares of Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. UBS Group boosted their price objective on shares of Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a research report on Tuesday, August 27th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $5.00 target price on shares of Hanesbrands in a research report on Thursday, June 6th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.80.

Hanesbrands Stock Performance

Shares of HBI opened at $7.28 on Monday. 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 50-day moving average of $6.24 and a 200-day moving average of $5.43. The company has a market cap of $2.56 billion, a PE ratio of -121.33 and a beta of 1.57. Hanesbrands Inc. has a one year low of $3.55 and a one year high of $7.31.

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

Hanesbrands Company 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.