PharVision Advisers LLC Takes $453,000 Position in Hanesbrands Inc. (NYSE:HBI)

PharVision Advisers LLC purchased 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 and Exchange Commission (SEC). The firm purchased 55,630 shares of the textile maker's stock, valued at approximately $453,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Hanesbrands by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 40,034,878 shares of the textile maker's stock valued at $325,884,000 after acquiring an additional 421,915 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Hanesbrands by 28.2% in 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 during the last quarter. Dimensional Fund Advisors LP lifted its position in Hanesbrands by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,909,654 shares of the textile maker's stock worth $56,245,000 after buying an additional 171,918 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Hanesbrands by 60.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,493,266 shares of the textile maker's stock worth $44,715,000 after buying an additional 2,069,315 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Hanesbrands by 147.7% during the fourth quarter. American Century Companies Inc. now owns 5,362,455 shares of the textile maker's stock worth $43,650,000 after buying an additional 3,197,544 shares during the last quarter. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Trading Down 2.8%

HBI traded down $0.14 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. 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 firm has a market cap of $1.73 billion, a P/E ratio of -5.33 and a beta of 1.50. The company's fifty day moving average price is $5.04 and its 200 day moving average price is $6.77. Hanesbrands Inc. has a 1 year low of $4.02 and a 1 year high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $760.15 million for the quarter, compared to analyst estimates of $757.42 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.02) EPS. As a group, equities analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HBI shares. Wells Fargo & Company raised their target price on Hanesbrands from $3.00 to $4.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 14th. Wall Street Zen raised shares of Hanesbrands from a "hold" rating to a "buy" rating in a report on Thursday. Stifel Nicolaus cut their price objective on shares of Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Barclays set a $6.00 target price on shares of Hanesbrands and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Finally, UBS Group increased their price target on shares of Hanesbrands from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Hanesbrands currently has a consensus rating of "Hold" and a consensus target price of $5.60.

Hanesbrands Profile

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.