Hanseatic Management Services Inc. Invests $691,000 in Hanesbrands Inc. (NYSE:HBI)

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

Several other institutional investors and hedge funds also recently made changes to their positions in HBI. Hennessy Advisors Inc. purchased a new stake in Hanesbrands during the 4th quarter valued at about $62,199,000. GAMMA Investing LLC boosted its stake in shares of Hanesbrands by 39.7% during the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 1,895 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Hanesbrands by 484.0% in the third quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker’s stock worth $15,757,000 after purchasing an additional 1,776,690 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Hanesbrands in the third quarter worth $1,021,000. Finally, Optimist Retirement Group LLC bought a new stake in Hanesbrands during the 3rd quarter valued at $256,000. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Down 0.3 %

Shares of NYSE 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. Hanesbrands Inc. has a 12 month low of $3.88 and a 12 month 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 firm has a market capitalization of $2.92 billion, a PE ratio of -12.56 and a beta of 1.64.

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

Analyst Upgrades and Downgrades

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

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.