Cambridge Investment Research Advisors Inc. Boosts Holdings in Hanesbrands Inc. (NYSE:HBI)

Cambridge Investment Research Advisors Inc. boosted its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 60.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,653 shares of the textile maker's stock after buying an additional 81,709 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.06% of Hanesbrands worth $1,250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HBI. Vanguard Group Inc. boosted its position in shares of Hanesbrands by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 40,034,878 shares of the textile maker's stock worth $325,884,000 after purchasing an additional 421,915 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Hanesbrands by 28.2% in the 4th quarter. Ameriprise Financial Inc. now owns 9,951,948 shares of the textile maker's stock worth $81,009,000 after buying an additional 2,189,844 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Hanesbrands by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,909,654 shares of the textile maker's stock worth $56,245,000 after buying an additional 171,918 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Hanesbrands by 60.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,493,266 shares of the textile maker's stock worth $44,715,000 after buying an additional 2,069,315 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Hanesbrands by 147.7% in the 4th quarter. American Century Companies Inc. now owns 5,362,455 shares of the textile maker's stock worth $43,650,000 after buying an additional 3,197,544 shares in the last quarter. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Hanesbrands Stock Performance

Hanesbrands stock opened at $4.74 on Friday. The stock has a market cap of $1.67 billion, a P/E ratio of -5.64 and a beta of 1.47. The company has a current ratio of 1.55, a quick ratio of 0.67 and a debt-to-equity ratio of 53.45. The stock has a 50 day moving average of $4.86 and a 200-day moving average of $6.03. 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, topping the consensus estimate of $0.03 by $0.04. Hanesbrands had a positive return on equity of 262.15% and a negative net margin of 8.12%. The firm had revenue of $760.15 million for the quarter, compared to analysts' expectations of $757.42 million. During the same period last year, the business posted ($0.02) earnings per share. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts expect that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays set a $6.00 price objective on shares of Hanesbrands and gave the stock an "equal weight" rating in a research report on Tuesday, May 20th. UBS Group boosted their price objective on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus cut 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. Wells Fargo & Company boosted 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, May 14th. Finally, Wall Street Zen raised shares of Hanesbrands from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $5.75.

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.

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