Intech Investment Management LLC Has $3.21 Million Position in Hanesbrands Inc. $HBI

Intech Investment Management LLC grew its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 178.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 700,939 shares of the textile maker’s stock after purchasing an additional 448,770 shares during the period. Intech Investment Management LLC’s holdings in Hanesbrands were worth $3,210,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning increased its position in Hanesbrands by 50.7% in the second quarter. Creative Planning now owns 92,455 shares of the textile maker’s stock worth $423,000 after buying an additional 31,088 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Hanesbrands by 7.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 90,794 shares of the textile maker’s stock worth $416,000 after acquiring an additional 6,293 shares in the last quarter. Olympiad Research LP bought a new stake in shares of Hanesbrands in the 2nd quarter worth approximately $63,000. Police & Firemen s Retirement System of New Jersey grew its position in Hanesbrands by 7.4% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 80,890 shares of the textile maker’s stock worth $370,000 after acquiring an additional 5,578 shares during the last quarter. Finally, Prospera Financial Services Inc purchased a new stake in shares of Hanesbrands during the second quarter worth about $64,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Up 0.5%

Hanesbrands stock opened at $6.52 on Wednesday. Hanesbrands Inc. has a 1-year low of $3.96 and a 1-year high of $9.10. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 7.08 and a beta of 1.50. The company has a debt-to-equity ratio of 4.94, a current ratio of 1.51 and a quick ratio of 0.71. The business has a fifty day moving average price of $6.63 and a 200-day moving average price of $5.64.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, November 6th. The textile maker reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $891.68 million for the quarter, compared to analyst estimates of $905.37 million. Hanesbrands had a return on equity of 129.43% and a net margin of 9.34%.The business’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS. Equities research analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

HBI has been the subject of a number of recent research reports. UBS Group lifted their price target on shares of Hanesbrands from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Citigroup increased their target price on shares of Hanesbrands from $5.50 to $7.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Wells Fargo & Company raised Hanesbrands from a “strong sell” rating to an “equal weight” rating and upped their price objective for the stock from $5.00 to $6.00 in a research note on Thursday, August 14th. Wall Street Zen raised Hanesbrands from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Hanesbrands in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hanesbrands has a consensus rating of “Hold” and a consensus target price of $6.60.

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.