700,540 Shares in Hanesbrands Inc. (NYSE:HBI) Purchased by Castleark Management LLC

Castleark Management LLC bought a new position in Hanesbrands Inc. (NYSE:HBI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 700,540 shares of the textile maker's stock, valued at approximately $5,702,000. Castleark Management LLC owned approximately 0.20% of Hanesbrands at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HBI. American Century Companies Inc. lifted 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 valued at $43,650,000 after purchasing an additional 3,197,544 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Hanesbrands by 28.2% during the fourth quarter. Ameriprise Financial Inc. now owns 9,951,948 shares of the textile maker's stock valued at $81,009,000 after purchasing an additional 2,189,844 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of 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 in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Hanesbrands by 324.8% during the fourth 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 in the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Hanesbrands during the fourth quarter valued at $7,922,000. 80.31% of the stock is owned by institutional investors.

Hanesbrands Stock Performance

Hanesbrands stock traded down $0.14 during mid-day trading on Friday, reaching $4.90. 4,487,586 shares of the stock traded hands, compared to its average volume of 7,161,292. The stock has a market capitalization of $1.73 billion, a PE ratio of -5.33 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 12-month low of $4.02 and a 12-month high of $9.10. The business's 50-day moving average is $5.04 and its 200-day moving average is $6.78.

Hanesbrands (NYSE:HBI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.07 EPS for the quarter, beating analysts' consensus estimates 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 positive return on equity of 108.01% and a negative net margin of 8.06%. Hanesbrands's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) earnings per share. As a group, sell-side analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HBI. Wall Street Zen raised Hanesbrands from a "hold" rating to a "buy" rating in a report on Thursday. UBS Group upped their price target on Hanesbrands from $7.00 to $8.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Wells Fargo & Company upped their price target on Hanesbrands from $3.00 to $4.00 and gave the company an "underweight" rating in a report on Wednesday, May 14th. Barclays set a $6.00 price objective on Hanesbrands and gave the company an "equal weight" rating in a research report on Tuesday, May 20th. Finally, 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 report on Thursday, April 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $5.60.

About Hanesbrands

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.