International Assets Investment Management LLC Has $2.19 Million Stake in Hanesbrands Inc. (NYSE:HBI)

International Assets Investment Management LLC raised its holdings in Hanesbrands Inc. (NYSE:HBI - Free Report) by 374.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 490,735 shares of the textile maker's stock after buying an additional 387,305 shares during the period. International Assets Investment Management LLC owned about 0.14% of Hanesbrands worth $2,189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Canada Pension Plan Investment Board raised its stake in Hanesbrands by 41.9% in the first quarter. Canada Pension Plan Investment Board now owns 5,010 shares of the textile maker's stock valued at $74,000 after buying an additional 1,480 shares during the period. Franklin Resources Inc. raised its stake in Hanesbrands by 8.0% in the second quarter. Franklin Resources Inc. now owns 21,973 shares of the textile maker's stock valued at $226,000 after buying an additional 1,629 shares during the period. Alliancebernstein L.P. increased its stake in shares of Hanesbrands by 0.4% during the fourth quarter. Alliancebernstein L.P. now owns 477,420 shares of the textile maker's stock worth $3,036,000 after purchasing an additional 2,048 shares during the period. Harbour Investments Inc. increased its stake in shares of Hanesbrands by 63.2% during the fourth quarter. Harbour Investments Inc. now owns 6,020 shares of the textile maker's stock worth $38,000 after purchasing an additional 2,332 shares during the period. Finally, J.W. Cole Advisors Inc. increased its stake in shares of Hanesbrands by 23.4% during the third quarter. J.W. Cole Advisors Inc. now owns 12,351 shares of the textile maker's stock worth $49,000 after purchasing an additional 2,341 shares during the period. Institutional investors own 80.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HBI. Citigroup increased their target price on Hanesbrands from $4.50 to $5.50 and gave the stock a "neutral" rating in a research note on Wednesday, April 3rd. Wedbush increased their target price on Hanesbrands from $4.50 to $5.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $5.00.

Hanesbrands Price Performance

Hanesbrands stock traded down $0.08 during mid-day trading on Friday, reaching $4.65. 7,020,756 shares of the company were exchanged, compared to its average volume of 7,283,313. The company has a fifty day simple moving average of $5.11 and a 200-day simple moving average of $4.49. Hanesbrands Inc. has a 12 month low of $3.54 and a 12 month high of $5.86. The company has a debt-to-equity ratio of 7.72, a current ratio of 1.64 and a quick ratio of 0.65. The firm has a market cap of $1.63 billion, a PE ratio of -93.00 and a beta of 1.58.

Hanesbrands (NYSE:HBI - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The textile maker reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.06). The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.36 billion. Hanesbrands had a positive return on equity of 5.84% and a negative net margin of 0.31%. Hanesbrands's revenue was down 12.0% on a year-over-year basis. During the same quarter last year, the business earned $0.07 EPS. As a group, equities research analysts expect that Hanesbrands Inc. will post 0.44 earnings per share for the current fiscal year.

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.