Mackenzie Financial Corp Grows Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Mackenzie Financial Corp lifted its position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 436.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,749 shares of the textile maker's stock after acquiring an additional 97,426 shares during the period. Mackenzie Financial Corp's holdings in Hanesbrands were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in HBI. GeoWealth Management LLC boosted its stake in Hanesbrands by 2,278.8% during the 4th quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker's stock valued at $28,000 after purchasing an additional 3,327 shares during the last quarter. CX Institutional purchased a new stake in shares of Hanesbrands during the first quarter valued at $34,000. Transce3nd LLC bought a new stake in Hanesbrands in the 4th quarter worth about $45,000. Fifth Third Bancorp raised its position in Hanesbrands by 37.8% in the 1st quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker's stock worth $48,000 after buying an additional 2,267 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Hanesbrands in the 4th quarter worth about $56,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on HBI shares. Stifel Nicolaus reduced their price target 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. UBS Group raised their target price on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. 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. Barclays set a $6.00 price target on Hanesbrands and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Finally, Wall Street Zen lowered Hanesbrands from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.75.

Hanesbrands Stock Performance

HBI stock traded up $0.49 during midday trading on Thursday, reaching $4.66. 11,432,468 shares of the company's stock traded hands, compared to its average volume of 4,851,297. The company has a current ratio of 1.55, a quick ratio of 0.67 and a debt-to-equity ratio of 53.45. Hanesbrands Inc. has a 52-week low of $3.96 and a 52-week high of $9.10. The stock has a market cap of $1.64 billion, a P/E ratio of -5.54 and a beta of 1.40. The stock's 50-day moving average is $4.59 and its 200 day moving average is $5.40.

Hanesbrands (NYSE:HBI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. The firm had revenue of $991.33 million during the quarter, compared to analyst estimates of $971.93 million. Hanesbrands had a positive return on equity of 262.15% and a negative net margin of 8.12%. Hanesbrands's revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS. As a group, analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current year.

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.