Bonfire Financial Acquires Shares of 11,057 Hanesbrands Inc. (NYSE:HBI)

Bonfire Financial bought a new stake in Hanesbrands Inc. (NYSE:HBI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,057 shares of the textile maker’s stock, valued at approximately $90,000.

A number of other institutional investors have also modified their holdings of the stock. FMR LLC lifted its holdings in shares of Hanesbrands by 203.5% during the third quarter. FMR LLC now owns 115,833 shares of the textile maker’s stock worth $851,000 after purchasing an additional 77,669 shares during the period. Hennessy Advisors Inc. purchased a new position in Hanesbrands during the 4th quarter worth $62,199,000. International Assets Investment Management LLC lifted its stake in shares of Hanesbrands by 481.0% in the 3rd quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker’s stock worth $3,822,000 after acquiring an additional 430,534 shares during the period. Whittier Trust Co. purchased a new stake in shares of Hanesbrands in the third quarter valued at about $51,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Hanesbrands during the third quarter worth about $785,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Analyst Ratings Changes

HBI has been the subject of a number of recent analyst reports. Barclays raised their price objective on shares of Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and raised their price target for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. 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.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.90.

Hanesbrands Stock Performance

HBI stock opened at $7.53 on Tuesday. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90. The company’s 50-day moving average price is $8.29 and its 200 day moving average price is $7.44. Hanesbrands Inc. has a 52 week low of $4.06 and a 52 week high of $9.10.

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.