Hanesbrands Inc. $HBI Stock Position Raised by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Hanesbrands Inc. (NYSE:HBI) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,041,617 shares of the textile maker’s stock after buying an additional 1,006,739 shares during the quarter. Vanguard Group Inc. owned 11.62% of Hanesbrands worth $236,810,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its stake in Hanesbrands by 28.2% in the 4th quarter. Ameriprise Financial Inc. now owns 9,951,948 shares of the textile maker’s stock valued at $81,009,000 after buying an additional 2,189,844 shares during the period. Dimensional Fund Advisors LP increased its stake in Hanesbrands by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,909,654 shares of the textile maker’s stock valued at $56,245,000 after buying an additional 171,918 shares during the period. Allianz Asset Management GmbH increased its stake in Hanesbrands by 5.4% in the 1st quarter. Allianz Asset Management GmbH now owns 5,571,669 shares of the textile maker’s stock valued at $32,149,000 after buying an additional 287,752 shares during the period. Northern Trust Corp increased its stake in Hanesbrands by 14.4% in the 4th quarter. Northern Trust Corp now owns 4,171,933 shares of the textile maker’s stock valued at $33,960,000 after buying an additional 524,716 shares during the period. Finally, Millennium Management LLC increased its stake in Hanesbrands by 32.5% in the 4th quarter. Millennium Management LLC now owns 2,793,458 shares of the textile maker’s stock valued at $22,739,000 after buying an additional 684,721 shares during the period. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Stock Performance

HBI stock opened at $6.45 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.52 and a debt-to-equity ratio of 13.62. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 26.86 and a beta of 1.40. Hanesbrands Inc. has a 12 month low of $3.96 and a 12 month high of $9.10. The firm has a 50 day moving average of $4.73 and a two-hundred day moving average of $5.24.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. The business had revenue of $991.33 million during the quarter, compared to the consensus estimate of $971.93 million. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. Hanesbrands’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. As a group, equities analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

HBI has been the topic of several research reports. Wall Street Zen upgraded shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Barclays set a $6.00 target price on shares of Hanesbrands and gave the stock an “equal weight” rating in a research report on Tuesday, May 20th. UBS Group boosted their target price on shares of Hanesbrands from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company raised shares of Hanesbrands from a “strong sell” rating to a “hold” rating and boosted their target price for the stock from $5.00 to $6.00 in a research report on Thursday, August 14th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Hanesbrands has a consensus rating of “Moderate Buy” and an average target price of $6.50.

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.