Gotham Asset Management LLC Raises Stock Position in Hanesbrands Inc. (NYSE:HBI)

Gotham Asset Management LLC increased its position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 41.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 200,708 shares of the textile maker's stock after purchasing an additional 59,096 shares during the quarter. Gotham Asset Management LLC owned approximately 0.06% of Hanesbrands worth $1,634,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Graham Capital Management L.P. purchased a new position in shares of Hanesbrands in the 4th quarter worth approximately $1,723,000. Ethic Inc. purchased a new position in Hanesbrands in the fourth quarter worth $140,000. Deutsche Bank AG boosted its position in Hanesbrands by 40.9% in the fourth quarter. Deutsche Bank AG now owns 366,836 shares of the textile maker's stock worth $2,986,000 after purchasing an additional 106,464 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in Hanesbrands by 8.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,089,982 shares of the textile maker's stock valued at $8,872,000 after purchasing an additional 85,282 shares during the period. Finally, Corton Capital Inc. increased its position in shares of Hanesbrands by 23.4% during the 4th quarter. Corton Capital Inc. now owns 16,626 shares of the textile maker's stock valued at $135,000 after purchasing an additional 3,151 shares during the last quarter. 80.31% of the stock is owned by institutional investors.

Hanesbrands Stock Performance

Shares of HBI stock traded down $0.03 during trading on Thursday, reaching $5.03. 1,272,549 shares of the company's stock traded hands, compared to its average volume of 7,125,179. The firm's 50-day moving average is $5.08 and its 200 day moving average is $6.81. The company has a market capitalization of $1.78 billion, a P/E ratio of -5.46 and a beta of 1.50. Hanesbrands Inc. has a 1 year low of $4.02 and a 1 year high of $9.10. 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 posted its earnings results on Thursday, May 8th. The textile maker reported $0.07 earnings per share (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 the consensus estimate of $757.42 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.02) earnings per share. Equities research analysts expect that Hanesbrands Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

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