Candriam S.C.A. Acquires Shares of 12,547 Hanesbrands Inc. (NYSE:HBI)

Candriam S.C.A. acquired a new stake in shares of Hanesbrands Inc. (NYSE:HBI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,547 shares of the textile maker’s stock, valued at approximately $102,000.

A number of other hedge funds also recently bought and sold shares of HBI. Hennessy Advisors Inc. purchased a new stake in Hanesbrands during the fourth quarter valued at about $62,199,000. JPMorgan Chase & Co. lifted its stake in Hanesbrands by 484.0% during the third quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker’s stock valued at $15,757,000 after buying an additional 1,776,690 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Hanesbrands during the third quarter valued at about $7,249,000. Raymond James Financial Inc. purchased a new stake in shares of Hanesbrands in the fourth quarter worth approximately $5,395,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Hanesbrands by 388.9% in the third quarter. BNP Paribas Financial Markets now owns 742,314 shares of the textile maker’s stock worth $5,456,000 after purchasing an additional 590,493 shares in the last quarter. 80.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HBI shares. Stifel Nicolaus reissued a “hold” rating and issued a $7.00 price target (down from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and increased their price target for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Finally, Barclays increased their price target on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $7.10.

Insider Buying and Selling at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran acquired 74,850 shares of Hanesbrands stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of $6.01 per share, with a total value of $449,848.50. Following the completion of the transaction, the director now owns 216,373 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Hanesbrands Trading Down 1.3 %

NYSE:HBI opened at $5.86 on Tuesday. The stock’s 50 day moving average price is $7.46 and its 200 day moving average price is $7.48. Hanesbrands Inc. has a 52 week low of $4.40 and a 52 week high of $9.10. The company has a market capitalization of $2.07 billion, a P/E ratio of -6.36 and a beta of 1.75. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37.

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

Hanesbrands Company 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.