Brandes Investment Partners LP Has $41.90 Million Holdings in Hanesbrands Inc. (NYSE:HBI)

Brandes Investment Partners LP grew its holdings in Hanesbrands Inc. (NYSE:HBI) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,147,194 shares of the textile maker’s stock after purchasing an additional 101,383 shares during the period. Brandes Investment Partners LP owned about 1.46% of Hanesbrands worth $41,898,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HBI. Hennessy Advisors Inc. acquired a new stake in shares of Hanesbrands in the fourth quarter valued at approximately $62,199,000. JPMorgan Chase & Co. raised its holdings in shares of Hanesbrands by 484.0% in the third 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 last quarter. Verition Fund Management LLC acquired a new stake in shares of Hanesbrands in the third quarter valued at approximately $7,249,000. Raymond James Financial Inc. acquired a new stake in shares of Hanesbrands in the fourth quarter valued at approximately $5,395,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Hanesbrands by 388.9% in the third quarter. BNP Paribas Financial Markets now owns 742,314 shares of the textile maker’s stock valued at $5,456,000 after purchasing an additional 590,493 shares during the last quarter. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robert F. Moran bought 74,850 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $6.01 per share, with a total value of $449,848.50. Following the completion of the acquisition, the director now owns 216,373 shares of the company’s stock, valued at $1,300,401.73. This represents a 52.89 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.46% of the company’s stock.

Hanesbrands Price Performance

NYSE:HBI opened at $5.90 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. The firm has a fifty day simple moving average of $7.27 and a 200 day simple moving average of $7.45. Hanesbrands Inc. has a 1-year low of $4.40 and a 1-year high of $9.10. The stock has a market capitalization of $2.08 billion, a PE ratio of -6.41 and a beta of 1.75.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The firm had revenue of $888.47 million during the quarter, compared to analysts’ expectations of $899.30 million. On average, research analysts expect that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. Stifel Nicolaus reissued a “hold” rating and issued a $7.00 target price (down from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Hanesbrands has an average rating of “Hold” and a consensus target price of $7.10.

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.