Nuveen Asset Management LLC Grows Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Nuveen Asset Management LLC grew its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 26.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,341,047 shares of the textile maker's stock after purchasing an additional 279,598 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.38% of Hanesbrands worth $10,916,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. GeoWealth Management LLC grew its position in shares of Hanesbrands by 2,278.8% in the 4th quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker's stock valued at $28,000 after buying an additional 3,327 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Hanesbrands by 122.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock worth $40,000 after purchasing an additional 2,712 shares during the last quarter. Transce3nd LLC purchased a new position in Hanesbrands during the 4th quarter worth $45,000. WFA Asset Management Corp purchased a new position in Hanesbrands during the 4th quarter worth $46,000. Finally, Lazard Asset Management LLC purchased a new position in Hanesbrands during the 4th quarter worth $56,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HBI has been the topic of several research reports. UBS Group raised 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. Wells Fargo & Company raised their price objective on shares of Hanesbrands from $3.00 to $4.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 14th. Wall Street Zen raised shares of Hanesbrands from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Stifel Nicolaus lowered their price objective on shares of Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $5.60.

Hanesbrands Stock Performance

Shares of HBI stock traded down $0.04 during mid-day trading on Friday, hitting $4.95. The stock had a trading volume of 5,218,732 shares, compared to its average volume of 7,165,340. Hanesbrands Inc. has a fifty-two week low of $4.02 and a fifty-two week high of $9.10. The firm has a market cap of $1.75 billion, a PE ratio of -5.38 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. The company's 50-day simple moving average is $4.94 and its 200-day simple moving average is $6.67.

Hanesbrands (NYSE:HBI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.04. The firm had revenue of $760.15 million for the quarter, compared to the consensus estimate of $757.42 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The firm's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. Sell-side analysts anticipate 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.