Rhumbline Advisers Purchases 15,033 Shares of Hanesbrands Inc. (NYSE:HBI)

Rhumbline Advisers increased its position in Hanesbrands Inc. (NYSE:HBI) by 1.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,026,149 shares of the textile maker’s stock after buying an additional 15,033 shares during the quarter. Rhumbline Advisers’ holdings in Hanesbrands were worth $8,353,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. FMR LLC lifted its stake in shares of Hanesbrands by 203.5% in the third quarter. FMR LLC now owns 115,833 shares of the textile maker’s stock valued at $851,000 after buying an additional 77,669 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Hanesbrands in the 4th quarter worth about $62,199,000. International Assets Investment Management LLC lifted its position in Hanesbrands by 481.0% in the 3rd quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker’s stock valued at $3,822,000 after acquiring an additional 430,534 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in Hanesbrands in the 3rd quarter valued at about $785,000. Finally, XTX Topco Ltd acquired a new position in Hanesbrands during the 3rd quarter valued at about $996,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HBI. Barclays raised their target price on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Stifel Nicolaus restated a “hold” rating and set a $7.00 price objective (down from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Finally, UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and upped their target price for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.10.

Hanesbrands Stock Performance

HBI stock opened at $6.12 on Tuesday. The business has a 50 day moving average of $7.86 and a 200-day moving average of $7.49. The firm has a market cap of $2.16 billion, a PE ratio of -6.65 and a beta of 1.63. Hanesbrands Inc. has a 12-month low of $4.40 and a 12-month high of $9.10. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. As a group, sell-side analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Robert F. Moran acquired 74,850 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the purchase, the director now owns 216,373 shares in the company, valued at approximately $1,300,401.73. This trade represents a 52.89 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

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.