Hanesbrands Inc. (NYSE:HBI) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 969,457 shares of the textile maker's stock after purchasing an additional 141,618 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.28% of Hanesbrands worth $7,891,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Seven Six Capital Management LLC purchased a new position in shares of Hanesbrands during the 4th quarter valued at approximately $830,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Hanesbrands during the 4th quarter valued at approximately $91,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Hanesbrands during the 4th quarter valued at approximately $67,000. ProShare Advisors LLC increased its holdings in Hanesbrands by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 106,467 shares of the textile maker's stock worth $867,000 after acquiring an additional 32,785 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in Hanesbrands by 26.3% in the 4th quarter. Nuveen Asset Management LLC now owns 1,341,047 shares of the textile maker's stock worth $10,916,000 after acquiring an additional 279,598 shares in the last quarter. 80.31% of the stock is owned by hedge funds and other institutional investors.

Hanesbrands Price Performance

Shares of Hanesbrands stock traded down $0.07 during trading hours on Thursday, reaching $4.85. 4,550,039 shares of the company's stock were exchanged, compared to its average volume of 7,122,270. Hanesbrands Inc. has a 1 year low of $4.02 and a 1 year high of $9.10. The company has a market capitalization of $1.71 billion, a P/E ratio of -5.27 and a beta of 1.50. The business has a fifty day moving average of $4.86 and a two-hundred day moving average of $6.60. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28.

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 the consensus estimate of $0.03 by $0.04. The firm had revenue of $760.15 million for the quarter, compared to analysts' expectations of $757.42 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The company's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.02) EPS. As a group, research analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on HBI. Barclays set a $6.00 price target on shares of Hanesbrands and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Wells Fargo & Company boosted their price target on shares of Hanesbrands from $3.00 to $4.00 and gave the stock an "underweight" rating in a report on Wednesday, May 14th. Stifel Nicolaus cut their price target on shares of Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Wall Street Zen raised shares of Hanesbrands from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, UBS Group boosted their price target on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $5.60.

Hanesbrands Company 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.