Hanesbrands Inc. (NYSE:HBI) Shares Purchased by Fmr LLC

Fmr LLC grew its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 203.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,833 shares of the textile maker’s stock after purchasing an additional 77,669 shares during the period. Fmr LLC’s holdings in Hanesbrands were worth $851,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in shares of Hanesbrands by 481.0% in the 3rd quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker’s stock worth $3,822,000 after purchasing an additional 430,534 shares during the last quarter. Brandes Investment Partners LP lifted its stake in Hanesbrands by 3.9% in the second quarter. Brandes Investment Partners LP now owns 4,834,202 shares of the textile maker’s stock valued at $23,761,000 after buying an additional 183,069 shares during the last quarter. Whittier Trust Co. bought a new stake in Hanesbrands in the third quarter valued at $51,000. Landscape Capital Management L.L.C. acquired a new position in shares of Hanesbrands during the third quarter valued at $785,000. Finally, Loews Corp grew 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 acquiring an additional 15,206,007 shares during the last quarter. 80.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HBI. 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 upgraded Hanesbrands from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.90.

Hanesbrands Stock Performance

HBI stock opened at $8.50 on Wednesday. The company has a 50-day simple moving average of $7.89 and a 200 day simple moving average of $6.55. The company has a market capitalization of $3.00 billion, a P/E ratio of -12.95 and a beta of 1.64. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 21.50. Hanesbrands Inc. has a fifty-two week low of $3.88 and a fifty-two week high of $9.10.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $937.10 million for the quarter, compared to the consensus estimate of $936.47 million. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. Hanesbrands’s revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Sell-side analysts predict 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.