Xponance Inc. Raises Stake in Hanesbrands Inc. (NYSE:HBI)

Xponance Inc. lifted its position in shares of Hanesbrands Inc. (NYSE:HBI) by 79.7% in the fourth quarter, Holdings Channel reports. The firm owned 61,013 shares of the textile maker’s stock after purchasing an additional 27,061 shares during the period. Xponance Inc.’s holdings in Hanesbrands were worth $272,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HBI. Landscape Capital Management L.L.C. grew its holdings in shares of Hanesbrands by 609.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 1,294,682 shares of the textile maker’s stock worth $5,127,000 after purchasing an additional 1,112,202 shares during the period. Brandes Investment Partners LP boosted its holdings in Hanesbrands by 21.7% in the 3rd quarter. Brandes Investment Partners LP now owns 3,874,803 shares of the textile maker’s stock worth $15,344,000 after acquiring an additional 691,149 shares during the period. Advisors Preferred LLC purchased a new position in Hanesbrands in the 3rd quarter worth approximately $1,569,000. International Assets Investment Management LLC boosted its holdings in Hanesbrands by 374.5% in the 4th quarter. International Assets Investment Management LLC now owns 490,735 shares of the textile maker’s stock worth $2,189,000 after acquiring an additional 387,305 shares during the period. Finally, Wolverine Asset Management LLC boosted its holdings in Hanesbrands by 160.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 435,051 shares of the textile maker’s stock worth $1,723,000 after acquiring an additional 267,988 shares during the period. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Citigroup upped their price target on Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Wedbush upped their price target on Hanesbrands from $4.50 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.00.

Hanesbrands Stock Performance

Hanesbrands stock opened at $4.48 on Friday. The stock has a market cap of $1.57 billion, a P/E ratio of -89.58 and a beta of 1.58. The company has a current ratio of 1.64, a quick ratio of 0.65 and a debt-to-equity ratio of 7.72. The stock has a 50 day moving average of $5.12 and a 200-day moving average of $4.52. Hanesbrands Inc. has a 52 week low of $3.54 and a 52 week high of $5.86.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, February 15th. The textile maker reported $0.03 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.06). The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Hanesbrands had a negative net margin of 0.31% and a positive return on equity of 5.84%. The business’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. On average, analysts expect that Hanesbrands Inc. will post 0.44 EPS for the current fiscal 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.