Deutsche Bank AG raised its stake in Hanesbrands Inc. (NYSE:HBI - Free Report) by 40.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 366,836 shares of the textile maker's stock after buying an additional 106,464 shares during the period. Deutsche Bank AG owned approximately 0.10% of Hanesbrands worth $2,986,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ballentine Partners LLC acquired a new position in shares of Hanesbrands during the 4th quarter worth $92,000. Nisa Investment Advisors LLC grew its stake in Hanesbrands by 6.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 45,876 shares of the textile maker's stock valued at $373,000 after acquiring an additional 2,952 shares during the last quarter. SG Americas Securities LLC raised its position in Hanesbrands by 66.7% during the fourth quarter. SG Americas Securities LLC now owns 133,255 shares of the textile maker's stock worth $1,085,000 after acquiring an additional 53,339 shares during the last quarter. Avior Wealth Management LLC raised its position in Hanesbrands by 3.5% during the fourth quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker's stock worth $462,000 after acquiring an additional 1,900 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Hanesbrands by 38.1% in the fourth quarter. KBC Group NV now owns 15,701 shares of the textile maker's stock valued at $128,000 after purchasing an additional 4,332 shares in the last quarter. 80.31% of the stock is currently owned by institutional investors and hedge funds.
Hanesbrands Trading Up 4.5%
Shares of NYSE HBI traded up $0.22 on Tuesday, reaching $5.11. 5,981,739 shares of the company traded hands, compared to its average volume of 7,156,575. The stock has a market capitalization of $1.80 billion, a PE ratio of -5.55 and a beta of 1.50. Hanesbrands Inc. has a fifty-two week low of $4.02 and a fifty-two week high of $9.10. 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 50 day moving average of $5.00 and a 200 day moving average of $6.74.
Hanesbrands (NYSE:HBI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.04. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The company had revenue of $760.15 million for the quarter, compared to analyst estimates of $757.42 million. During the same quarter last year, the business earned ($0.02) EPS. Hanesbrands's revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on HBI. Barclays set a $6.00 price objective on shares of Hanesbrands and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Wall Street Zen raised Hanesbrands from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. UBS Group boosted their price target on Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Wells Fargo & Company upped their price objective on Hanesbrands from $3.00 to $4.00 and gave the company an "underweight" rating in a research report on Wednesday, May 14th. Finally, Stifel Nicolaus dropped 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $5.60.
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Hanesbrands Company Profile
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Free Report)
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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