101,918 Shares in Hanesbrands Inc. (NYSE:HBI) Purchased by Seven Six Capital Management LLC

Seven Six Capital Management LLC acquired a new stake in shares of 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 acquired 101,918 shares of the textile maker's stock, valued at approximately $830,000. Hanesbrands accounts for approximately 0.7% of Seven Six Capital Management LLC's holdings, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in HBI. Hennessy Advisors Inc. purchased a new position in shares of Hanesbrands in the 4th quarter valued at $62,199,000. American Century Companies Inc. boosted its stake in shares of Hanesbrands by 147.7% in 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. Ameriprise Financial Inc. boosted its stake 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 worth $81,009,000 after buying an additional 2,189,844 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Hanesbrands by 60.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,493,266 shares of the textile maker's stock worth $44,715,000 after purchasing an additional 2,069,315 shares during the period. Finally, Balyasny Asset Management L.P. raised its holdings in Hanesbrands by 324.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,886,647 shares of the textile maker's stock worth $15,357,000 after purchasing an additional 1,442,571 shares during the period. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Hanesbrands Trading Up 0.2%

Hanesbrands stock traded up $0.01 during mid-day trading on Tuesday, hitting $5.35. The company's stock had a trading volume of 4,382,793 shares, compared to its average volume of 7,147,569. Hanesbrands Inc. has a 1 year low of $4.02 and a 1 year high of $9.10. The stock's fifty day moving average is $5.09 and its two-hundred day moving average is $6.82. The firm has a market capitalization of $1.89 billion, a PE ratio of -5.82 and a beta of 1.50. 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 announced its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. The business had revenue of $760.15 million for the quarter, compared to analysts' expectations of $757.42 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.02) earnings per share. On average, analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on HBI shares. Barclays increased their target price on Hanesbrands from $5.00 to $6.00 and gave the company an "equal weight" rating in a report on Tuesday. Stifel Nicolaus lowered their target price on Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. 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. Finally, UBS Group boosted their price target on shares of Hanesbrands from $7.00 to $8.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Hanesbrands currently has an average rating of "Hold" and an average price target of $5.60.

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.