Hanesbrands Inc. (NYSE:HBI) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Hanesbrands Inc. (NYSE:HBI) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,382,574 shares of the textile maker’s stock after purchasing an additional 11,074 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Hanesbrands were worth $32,212,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. acquired a new position in Hanesbrands in the 3rd quarter valued at $785,000. Intech Investment Management LLC raised its stake in Hanesbrands by 628.2% in the 3rd quarter. Intech Investment Management LLC now owns 74,766 shares of the textile maker’s stock valued at $550,000 after purchasing an additional 64,499 shares during the last quarter. Moors & Cabot Inc. raised its stake in Hanesbrands by 25.9% in the 3rd quarter. Moors & Cabot Inc. now owns 58,383 shares of the textile maker’s stock valued at $429,000 after purchasing an additional 12,000 shares during the last quarter. Natixis Advisors LLC acquired a new position in Hanesbrands in the 3rd quarter valued at $248,000. Finally, Aigen Investment Management LP acquired a new position in Hanesbrands in the 3rd quarter valued at $652,000. 80.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HBI. Barclays increased their price objective on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Stifel Nicolaus raised their target price on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Finally, UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and raised their target price for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.90.

Hanesbrands Stock Performance

NYSE HBI opened at $8.68 on Wednesday. The stock has a market cap of $3.06 billion, a PE ratio of -13.14 and a beta of 1.64. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 21.50. Hanesbrands Inc. has a twelve month low of $3.70 and a twelve month high of $9.10. The stock has a fifty day simple moving average of $7.63 and a 200-day simple moving average of $6.32.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $937.10 million during the quarter, compared to analysts’ expectations of $936.47 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 EPS. Equities analysts anticipate that Hanesbrands Inc. will post 0.39 earnings per share for the current year.

Hanesbrands 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.