Hanseatic Management Services Inc. Makes New Investment in Hanesbrands Inc. (NYSE:HBI)

Hanseatic Management Services Inc. bought a new stake in shares of Hanesbrands Inc. (NYSE:HBI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 84,887 shares of the textile maker’s stock, valued at approximately $691,000.

Several other large investors have also recently made changes to their positions in the business. Hennessy Advisors Inc. bought a new position in Hanesbrands in the 4th quarter worth about $62,199,000. JPMorgan Chase & Co. grew its holdings in shares of Hanesbrands by 484.0% during the third quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker’s stock valued at $15,757,000 after buying an additional 1,776,690 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Hanesbrands by 18.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker’s stock valued at $32,836,000 after buying an additional 1,024,308 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Hanesbrands during the third quarter valued at approximately $7,249,000. Finally, BNP Paribas Financial Markets raised its holdings in Hanesbrands by 388.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 742,314 shares of the textile maker’s stock worth $5,456,000 after acquiring an additional 590,493 shares during the last quarter. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Hanesbrands Price Performance

Shares of HBI opened at $8.29 on Friday. The firm has a fifty day simple moving average of $8.37 and a two-hundred day simple moving average of $7.09. The firm has a market cap of $2.92 billion, a PE ratio of -12.56 and a beta of 1.64. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 21.50. Hanesbrands Inc. has a 1-year low of $3.88 and a 1-year high of $9.10.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $937.10 million during the quarter, compared to analysts’ expectations of $936.47 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. Hanesbrands’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share. On average, equities analysts anticipate that Hanesbrands Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

HBI has been the topic of several recent analyst reports. Barclays increased their target price on 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 lifted their price objective for the stock from $9.00 to $11.00 in a 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 company has a consensus rating of “Hold” and an average target price of $6.90.

Hanesbrands Company 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.