Millennium Management LLC Increases Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Millennium Management LLC boosted its stake in Hanesbrands Inc. (NYSE:HBI - Free Report) by 32.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,793,458 shares of the textile maker's stock after acquiring an additional 684,721 shares during the quarter. Millennium Management LLC owned 0.79% of Hanesbrands worth $22,739,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HBI. American Century Companies Inc. grew its position in shares of Hanesbrands by 147.7% in 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 during the period. Ameriprise Financial Inc. lifted its stake in Hanesbrands by 28.2% in the 4th quarter. Ameriprise Financial Inc. now owns 9,951,948 shares of the textile maker's stock valued at $81,009,000 after buying an additional 2,189,844 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Hanesbrands by 60.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,493,266 shares of the textile maker's stock valued at $44,715,000 after buying an additional 2,069,315 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Hanesbrands by 324.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,886,647 shares of the textile maker's stock worth $15,357,000 after buying an additional 1,442,571 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in Hanesbrands during the 4th quarter worth approximately $7,922,000. Hedge funds and other institutional investors own 80.31% of the company's stock.

Wall Street Analysts Forecast Growth

HBI has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their price target on Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. UBS Group lifted their target price on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Barclays set a $6.00 target price on shares of Hanesbrands and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Wells Fargo & Company raised their price target on shares of Hanesbrands from $3.00 to $4.00 and gave the stock 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $5.60.

Hanesbrands Trading Down 2.8%

NYSE:HBI traded down $0.14 during trading hours on Monday, hitting $4.90. The company had a trading volume of 4,487,586 shares, compared to its average volume of 7,161,292. Hanesbrands Inc. has a 1 year low of $4.02 and a 1 year high of $9.10. The company has a market cap of $1.73 billion, a P/E ratio of -5.33 and a beta of 1.50. The company has a 50-day moving average of $5.01 and a 200 day moving average of $6.75. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28.

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, 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 firm had revenue of $760.15 million during the quarter, compared to analyst estimates of $757.42 million. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. Hanesbrands's quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that Hanesbrands Inc. will post 0.53 earnings per share 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.