Intech Investment Management LLC Has $550,000 Stake in Hanesbrands Inc. (NYSE:HBI)

Intech Investment Management LLC grew its position in Hanesbrands Inc. (NYSE:HBI) by 628.2% in the third quarter, HoldingsChannel.com reports. The fund owned 74,766 shares of the textile maker’s stock after buying an additional 64,499 shares during the quarter. Intech Investment Management LLC’s holdings in Hanesbrands were worth $550,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HBI. Rothschild Investment LLC acquired a new stake in Hanesbrands during the 2nd quarter valued at $39,000. Blue Trust Inc. raised its holdings in shares of Hanesbrands by 42.3% in the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock valued at $39,000 after buying an additional 1,594 shares during the last quarter. Whittier Trust Co. acquired a new position in Hanesbrands during the 3rd quarter worth about $51,000. Fifth Third Wealth Advisors LLC bought a new stake in Hanesbrands during the 2nd quarter worth about $55,000. Finally, O Keefe Stevens Advisory Inc. acquired a new stake in Hanesbrands in the 2nd quarter valued at about $57,000. 80.31% of the stock is owned by institutional investors and hedge funds.

Hanesbrands Trading Down 0.5 %

HBI opened at $8.70 on Monday. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90. The company has a market cap of $3.07 billion, a price-to-earnings ratio of -13.18 and a beta of 1.58. The firm has a 50 day simple moving average of $7.55 and a 200 day simple moving average of $6.27. Hanesbrands Inc. has a fifty-two week low of $3.58 and a fifty-two week high of $9.10.

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

Analyst Upgrades and Downgrades

HBI has been the topic of several research analyst reports. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and increased their price target for the company from $9.00 to $11.00 in a research note on Tuesday, November 26th. Stifel Nicolaus increased their price objective on Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a research report on Monday, August 12th. Finally, Barclays lifted their target price on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Hanesbrands currently has a consensus rating of “Hold” and an average price target of $6.90.

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.