Hanesbrands Inc. (NYSE:HBI) Stock Position Raised by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 39.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,669 shares of the textile maker’s stock after buying 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.

A number of other institutional investors have also modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Hanesbrands by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker’s stock valued at $58,183,000 after buying an additional 89,367 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Hanesbrands by 18.2% during 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 period. Brandes Investment Partners LP boosted its stake in Hanesbrands by 3.9% during the 2nd quarter. Brandes Investment Partners LP now owns 4,834,202 shares of the textile maker’s stock valued at $23,761,000 after purchasing an additional 183,069 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Hanesbrands by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,382,574 shares of the textile maker’s stock valued at $32,212,000 after purchasing an additional 11,074 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Hanesbrands by 484.0% during 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 period. Institutional investors own 80.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on HBI shares. Barclays boosted their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and boosted their target price for the company from $9.00 to $11.00 in a research note on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Hanesbrands presently has a consensus rating of “Hold” and an average price target of $6.90.

Hanesbrands Trading Down 0.1 %

Shares of NYSE:HBI opened at $8.30 on Monday. The company has a 50 day moving average of $8.28 and a 200-day moving average of $6.96. The firm has a market cap of $2.93 billion, a P/E ratio of -12.58 and a beta of 1.64. Hanesbrands Inc. has a twelve month low of $3.88 and a twelve month high of $9.10. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 21.50.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $937.10 million during the quarter, compared to analyst estimates of $936.47 million. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 EPS. As a group, analysts anticipate that Hanesbrands Inc. will post 0.39 earnings per share 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.