Dimensional Fund Advisors LP Increases Stake in Hanesbrands Inc. (NYSE:HBI)

Dimensional Fund Advisors LP raised its stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,909,654 shares of the textile maker's stock after purchasing an additional 171,918 shares during the quarter. Dimensional Fund Advisors LP owned about 1.96% of Hanesbrands worth $56,245,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HBI. Hennessy Advisors Inc. purchased a new position in Hanesbrands during the 4th quarter worth approximately $62,199,000. American Century Companies Inc. raised its holdings in shares of Hanesbrands by 147.7% during the fourth quarter. American Century Companies Inc. now owns 5,362,455 shares of the textile maker's stock worth $43,650,000 after purchasing an additional 3,197,544 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Hanesbrands by 60.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,493,266 shares of the textile maker's stock valued at $44,715,000 after purchasing an additional 2,069,315 shares during the period. JPMorgan Chase & Co. boosted its holdings in Hanesbrands by 484.0% in the third quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker's stock valued at $15,757,000 after purchasing an additional 1,776,690 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in Hanesbrands during the 4th quarter worth about $7,922,000. Hedge funds and other institutional investors own 80.31% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on HBI. UBS Group upped their target price on Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company dropped their price objective on shares of Hanesbrands from $5.00 to $3.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus decreased their target price on shares of Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a research note 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 research report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $5.20.

Insider Activity at Hanesbrands

In other news, Director Robert F. Moran bought 74,850 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the acquisition, the director now directly owns 216,373 shares of the company's stock, valued at $1,300,401.73. This trade represents a 52.89 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by insiders.

Hanesbrands Price Performance

NYSE HBI traded up $0.15 during trading hours on Thursday, hitting $5.04. 3,404,805 shares of the company's stock traded hands, compared to its average volume of 7,087,183. The company has a market capitalization of $1.78 billion, a PE ratio of -5.48 and a beta of 1.50. 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 Inc. has a 52-week low of $4.02 and a 52-week high of $9.10. The firm's 50-day moving average is $5.20 and its 200-day moving average is $6.94.

Hanesbrands (NYSE:HBI - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. The business's revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.02) earnings per share. Equities analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

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.