Farmers & Merchants Investments Inc. Has $1.08 Million Stock Position in Hanesbrands Inc. (NYSE:HBI)

Farmers & Merchants Investments Inc. lessened its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 3.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 133,155 shares of the textile maker’s stock after selling 5,071 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Hanesbrands were worth $1,084,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HBI. Marshall Wace LLP acquired a new stake in shares of Hanesbrands during the second quarter valued at approximately $70,000. The Manufacturers Life Insurance Company raised its stake in Hanesbrands by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 176,817 shares of the textile maker’s stock valued at $872,000 after purchasing an additional 5,664 shares during the period. Sanctuary Advisors LLC acquired a new stake in Hanesbrands during the 2nd quarter valued at $321,000. Handelsbanken Fonder AB lifted its holdings in shares of Hanesbrands by 44.9% in the third quarter. Handelsbanken Fonder AB now owns 108,353 shares of the textile maker’s stock valued at $796,000 after purchasing an additional 33,600 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Hanesbrands by 22.5% in the third quarter. Creative Planning now owns 152,998 shares of the textile maker’s stock worth $1,125,000 after buying an additional 28,126 shares during the period. 80.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HBI. Barclays increased their price objective on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and increased their price target for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.90.

Hanesbrands Price Performance

Shares of NYSE:HBI opened at $7.54 on Friday. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of -11.42 and a beta of 1.63. Hanesbrands Inc. has a 1 year low of $4.06 and a 1 year high of $9.10. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 21.50. The business has a fifty day simple moving average of $8.32 and a 200 day simple moving average of $7.40.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $937.10 million during the quarter, compared to the consensus estimate of $936.47 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the business earned $0.10 EPS. As a group, sell-side analysts predict that Hanesbrands Inc. will post 0.39 earnings per share for the current fiscal year.

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.