Gotham Asset Management LLC Grows Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Gotham Asset Management LLC grew its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 41.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,708 shares of the textile maker’s stock after buying an additional 59,096 shares during the quarter. Gotham Asset Management LLC owned 0.06% of Hanesbrands worth $1,634,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HBI. Hennessy Advisors Inc. purchased a new stake in Hanesbrands during the fourth quarter worth approximately $62,199,000. Hanseatic Management Services Inc. purchased a new stake in Hanesbrands during the fourth quarter worth approximately $691,000. Ballentine Partners LLC purchased a new stake in Hanesbrands during the fourth quarter worth approximately $92,000. Nisa Investment Advisors LLC boosted its stake in shares of Hanesbrands by 6.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 45,876 shares of the textile maker’s stock valued at $373,000 after purchasing an additional 2,952 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of Hanesbrands by 66.7% in the fourth quarter. SG Americas Securities LLC now owns 133,255 shares of the textile maker’s stock valued at $1,085,000 after purchasing an additional 53,339 shares during the period. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group upped their target price on shares of Hanesbrands from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Wells Fargo & Company upped their target price on shares of Hanesbrands from $3.00 to $4.00 and gave the company an “underweight” rating in a research note on Wednesday. Stifel Nicolaus cut their price target on shares of Hanesbrands from $7.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Finally, Barclays set a $5.00 price target on shares of Hanesbrands and gave the company a “cautious” rating in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Hanesbrands has a consensus rating of “Hold” and a consensus price target of $5.40.

Hanesbrands Trading Up 2.0%

HBI opened at $5.35 on Friday. The stock has a market capitalization of $1.89 billion, a PE ratio of -5.81 and a beta of 1.50. Hanesbrands Inc. has a 12-month low of $4.02 and a 12-month high of $9.10. The firm’s fifty day moving average price is $5.11 and its 200 day moving average price is $6.85. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68.

Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, May 8th. The textile maker reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $760.15 million for the quarter, compared to analysts’ expectations of $757.42 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) earnings per share. As a group, research analysts expect that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Robert F. Moran acquired 74,850 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $6.01 per share, with a total value of $449,848.50. Following the acquisition, the director now directly owns 216,373 shares in the company, valued at approximately $1,300,401.73. The trade was a 52.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

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.