Wolverine Asset Management LLC Boosts Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Wolverine Asset Management LLC raised its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 7.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 466,481 shares of the textile maker’s stock after purchasing an additional 31,430 shares during the period. Wolverine Asset Management LLC owned 0.13% of Hanesbrands worth $2,081,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. New South Capital Management Inc. increased its position in Hanesbrands by 1.2% during the 3rd quarter. New South Capital Management Inc. now owns 8,171,107 shares of the textile maker’s stock valued at $32,358,000 after purchasing an additional 96,636 shares during the period. Diamond Hill Capital Management Inc. grew its position in shares of Hanesbrands by 4.0% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 4,437,284 shares of the textile maker’s stock worth $17,572,000 after buying an additional 169,552 shares during the last quarter. Brandes Investment Partners LP grew its position in shares of Hanesbrands by 21.7% in the 3rd quarter. Brandes Investment Partners LP now owns 3,874,803 shares of the textile maker’s stock worth $15,344,000 after buying an additional 691,149 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Hanesbrands by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,866,694 shares of the textile maker’s stock worth $15,312,000 after buying an additional 209,214 shares during the last quarter. Finally, KLCM Advisors Inc. grew its position in shares of Hanesbrands by 7.2% in the 3rd quarter. KLCM Advisors Inc. now owns 2,315,939 shares of the textile maker’s stock worth $9,171,000 after buying an additional 155,740 shares during the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Down 0.8 %

NYSE:HBI opened at $4.86 on Thursday. The company has a market cap of $1.71 billion, a PE ratio of -97.20 and a beta of 1.58. Hanesbrands Inc. has a twelve month low of $3.54 and a twelve month high of $5.86. The company has a current ratio of 1.64, a quick ratio of 0.65 and a debt-to-equity ratio of 7.72. The company’s 50 day moving average is $5.12 and its two-hundred day moving average is $4.51.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, February 15th. The textile maker reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.06). Hanesbrands had a positive return on equity of 5.84% and a negative net margin of 0.31%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the firm posted $0.07 EPS. The firm’s revenue for the quarter was down 12.0% on a year-over-year basis. Analysts anticipate that Hanesbrands Inc. will post 0.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Wedbush lifted their price objective on shares of Hanesbrands from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.00.

About Hanesbrands

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.