Hanesbrands Inc. (NYSE:HBI) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,089,982 shares of the textile maker's stock after acquiring an additional 85,282 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.31% of Hanesbrands worth $8,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Corton Capital Inc. grew its position in Hanesbrands by 23.4% during the fourth quarter. Corton Capital Inc. now owns 16,626 shares of the textile maker's stock valued at $135,000 after buying an additional 3,151 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Hanesbrands during the 4th quarter worth approximately $3,545,000. Caption Management LLC increased its position in Hanesbrands by 25.4% during the fourth quarter. Caption Management LLC now owns 213,175 shares of the textile maker's stock worth $1,735,000 after purchasing an additional 43,175 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Hanesbrands by 324.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,886,647 shares of the textile maker's stock valued at $15,357,000 after purchasing an additional 1,442,571 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new position in Hanesbrands during the fourth quarter worth $243,000. Hedge funds and other institutional investors own 80.31% of the company's stock.

Hanesbrands Price Performance

Shares of NYSE:HBI traded up $0.03 on Tuesday, hitting $5.37. The company had a trading volume of 638,288 shares, compared to its average volume of 7,125,485. The business has a 50 day moving average of $5.10 and a 200 day moving average of $6.84. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. The company has a market cap of $1.89 billion, a PE ratio of -5.83 and a beta of 1.50. Hanesbrands Inc. has a 52-week low of $4.02 and a 52-week high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. The company had revenue of $760.15 million during 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 business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.02) EPS. As a group, equities analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. UBS Group increased their target price on Hanesbrands from $7.00 to $8.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Stifel Nicolaus reduced their price objective on Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company boosted their price target on shares of Hanesbrands from $3.00 to $4.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 14th. Finally, Barclays raised their price objective on shares of Hanesbrands from $5.00 to $6.00 and gave the company an "equal weight" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $5.60.

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.