International Assets Investment Management LLC Increases Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

International Assets Investment Management LLC lifted its position in Hanesbrands Inc. (NYSE:HBI) by 374.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 490,735 shares of the textile maker’s stock after buying an additional 387,305 shares during the quarter. International Assets Investment Management LLC owned approximately 0.14% of Hanesbrands worth $2,189,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Camelot Portfolios LLC lifted its holdings in shares of Hanesbrands by 231.0% in the fourth quarter. Camelot Portfolios LLC now owns 52,476 shares of the textile maker’s stock worth $234,000 after buying an additional 36,621 shares in the last quarter. Oak Thistle LLC purchased a new stake in Hanesbrands in the fourth quarter valued at approximately $78,000. Global Retirement Partners LLC raised its stake in Hanesbrands by 12.4% in the fourth quarter. Global Retirement Partners LLC now owns 82,428 shares of the textile maker’s stock valued at $368,000 after purchasing an additional 9,082 shares in the last quarter. Alhambra Investment Management LLC purchased a new stake in Hanesbrands in the fourth quarter valued at approximately $46,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Hanesbrands by 5.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 327,540 shares of the textile maker’s stock valued at $1,461,000 after purchasing an additional 16,831 shares in the last quarter. 80.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HBI has been the topic of a number of recent analyst reports. Citigroup raised their target price on shares of Hanesbrands from $4.50 to $5.50 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Wedbush raised their target price on shares of Hanesbrands from $4.50 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Four research analysts have rated the stock with a hold rating, According to MarketBeat, Hanesbrands currently has an average rating of “Hold” and a consensus target price of $5.00.

Hanesbrands Trading Down 1.6 %

Shares of HBI opened at $4.66 on Friday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -93.08 and a beta of 1.58. The company has a debt-to-equity ratio of 7.72, a quick ratio of 0.65 and a current ratio of 1.64. Hanesbrands Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $5.86. The firm has a 50 day moving average price of $5.11 and a 200-day moving average price of $4.49.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, February 15th. The textile maker reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.36 billion. Hanesbrands had a positive return on equity of 5.84% and a negative net margin of 0.31%. The company’s revenue was down 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 earnings per share. As a group, equities research analysts forecast that Hanesbrands Inc. will post 0.44 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.