Seven Six Capital Management LLC Acquires Shares of 101,918 Hanesbrands Inc. (NYSE:HBI)

Seven Six Capital Management LLC purchased a new position in Hanesbrands Inc. (NYSE:HBI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 101,918 shares of the textile maker's stock, valued at approximately $830,000. Hanesbrands accounts for about 0.7% of Seven Six Capital Management LLC's investment portfolio, making the stock its 26th biggest holding.

A number of other hedge funds also recently bought and sold shares of the business. GeoWealth Management LLC lifted its position in shares of Hanesbrands by 2,278.8% in the fourth quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker's stock valued at $28,000 after acquiring an additional 3,327 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Hanesbrands by 122.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock worth $40,000 after acquiring an additional 2,712 shares during the period. Transce3nd LLC acquired a new position in shares of Hanesbrands during the 4th quarter valued at about $45,000. WFA Asset Management Corp purchased a new stake in shares of Hanesbrands in the fourth quarter valued at about $46,000. Finally, Lazard Asset Management LLC acquired a new stake in Hanesbrands during the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 80.31% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HBI. 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. Wells Fargo & Company lifted their target price on Hanesbrands from $3.00 to $4.00 and gave the company an "underweight" rating in a research report on Wednesday, May 14th. Stifel Nicolaus lowered their price target on 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 research report on Thursday. Finally, Barclays increased their target price on shares of Hanesbrands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research note on Tuesday. One equities research 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.com, the stock presently has a consensus rating of "Hold" and an average target price of $5.60.

Hanesbrands Trading Down 0.9%

Hanesbrands stock traded down $0.05 during midday trading on Thursday, reaching $5.02. 2,078,141 shares of the stock traded hands, compared to its average volume of 7,145,983. The firm has a market cap of $1.77 billion, a PE ratio of -5.45 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. The company has a 50-day simple moving average of $5.08 and a two-hundred day simple moving average of $6.81. Hanesbrands Inc. has a 12-month low of $4.02 and a 12-month high of $9.10.

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 for the quarter, beating analysts' consensus estimates of $0.03 by $0.04. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The business had revenue of $760.15 million for the quarter, compared to analyst estimates of $757.42 million. During the same period last year, the business earned ($0.02) EPS. The company's revenue was up 2.1% on a year-over-year basis. Research analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

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.