Susquehanna Fundamental Investments LLC Has $4.13 Million Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Susquehanna Fundamental Investments LLC boosted its holdings in Hanesbrands Inc. (NYSE:HBI) by 58.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 836,945 shares of the textile maker’s stock after acquiring an additional 308,561 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Hanesbrands were worth $4,126,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HBI. Dimensional Fund Advisors LP grew its holdings in shares of Hanesbrands by 12.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,749,433 shares of the textile maker’s stock valued at $25,642,000 after acquiring an additional 632,865 shares in the last quarter. Focus Financial Network Inc. ADV bought a new position in Hanesbrands during the fourth quarter valued at about $51,000. Allianz Asset Management GmbH increased its position in Hanesbrands by 2.0% in the fourth quarter. Allianz Asset Management GmbH now owns 2,246,893 shares of the textile maker’s stock worth $10,021,000 after buying an additional 43,275 shares during the last quarter. Morningstar Investment Services LLC increased its position in Hanesbrands by 93.1% in the fourth quarter. Morningstar Investment Services LLC now owns 4,290,891 shares of the textile maker’s stock worth $19,051,000 after buying an additional 2,069,204 shares during the last quarter. Finally, Platinum Investment Management Ltd. raised its stake in shares of Hanesbrands by 12.8% in the fourth quarter. Platinum Investment Management Ltd. now owns 24,779 shares of the textile maker’s stock valued at $111,000 after buying an additional 2,812 shares during the period. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Stock Performance

NYSE HBI opened at $7.28 on Monday. The company has a debt-to-equity ratio of 50.06, a quick ratio of 0.86 and a current ratio of 1.46. The company has a fifty day moving average of $6.24 and a 200-day moving average of $5.43. Hanesbrands Inc. has a 52-week low of $3.55 and a 52-week high of $7.31. The company has a market capitalization of $2.56 billion, a P/E ratio of -121.33 and a beta of 1.57.

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

Analysts Set New Price Targets

HBI has been the subject of several recent research reports. UBS Group lifted their price objective on Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, August 27th. Wedbush reissued a “neutral” rating and issued a $5.00 price target on shares of Hanesbrands in a research report on Thursday, June 6th. Barclays lifted 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, Stifel Nicolaus upped their target price on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.80.

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.