Susquehanna Fundamental Investments LLC Takes Position in Hanesbrands Inc. (NYSE:HBI)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 877,840 shares of the textile maker's stock, valued at approximately $7,146,000. Susquehanna Fundamental Investments LLC owned approximately 0.25% of Hanesbrands at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Hanesbrands in the third quarter worth $130,000. Optimist Retirement Group LLC bought a new position in Hanesbrands in the 3rd quarter worth about $256,000. Tidal Investments LLC purchased a new stake in shares of Hanesbrands in the 3rd quarter valued at about $1,021,000. JPMorgan Chase & Co. boosted its position in shares of Hanesbrands by 484.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker's stock valued at $15,757,000 after acquiring an additional 1,776,690 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Hanesbrands by 39.7% during the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock worth $54,000 after purchasing an additional 1,895 shares in the last quarter. Institutional investors own 80.31% of the company's stock.

Insider Activity

In other news, Director Robert F. Moran bought 74,850 shares of the stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $6.01 per share, with a total value of $449,848.50. Following the completion of the acquisition, the director now owns 216,373 shares in the company, valued at $1,300,401.73. The trade was a 52.89 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HBI shares. Wells Fargo & Company lowered their target price on shares of Hanesbrands from $5.00 to $3.00 and set an "underweight" rating on the stock in a research note on Wednesday. UBS Group raised their price objective 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. Barclays set a $5.00 target price on shares of Hanesbrands and gave the stock a "cautious" rating in a research report on Monday, April 28th. Finally, Stifel Nicolaus lowered their price target on Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $5.20.

Hanesbrands Stock Up 3.7 %

Hanesbrands stock traded up $0.17 during trading hours on Friday, hitting $4.76. 7,357,892 shares of the stock traded hands, compared to its average volume of 7,096,179. Hanesbrands Inc. has a one year low of $4.02 and a one year high of $9.10. The firm's 50-day moving average price is $5.28 and its two-hundred day moving average price is $6.99. 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 market cap of $1.68 billion, a PE ratio of -5.17 and a beta of 1.50.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The company had revenue of $888.47 million during the quarter, compared to analyst estimates of $899.30 million. On average, research analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current 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.