Harvest Fund Management Co. Ltd Acquires Shares of 17,312 Hanesbrands Inc. (NYSE:HBI)

Harvest Fund Management Co. Ltd acquired a new stake in Hanesbrands Inc. (NYSE:HBI) in the 4th quarter, Holdings Channel.com reports. The fund acquired 17,312 shares of the textile maker’s stock, valued at approximately $141,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Intech Investment Management LLC raised its holdings in Hanesbrands by 82.8% in the 4th quarter. Intech Investment Management LLC now owns 136,693 shares of the textile maker’s stock valued at $1,113,000 after acquiring an additional 61,927 shares in the last quarter. Cibc World Markets Corp acquired a new position in Hanesbrands in the 4th quarter valued at $269,000. Natixis Advisors LLC raised its holdings in Hanesbrands by 26.3% in the 4th quarter. Natixis Advisors LLC now owns 42,518 shares of the textile maker’s stock valued at $346,000 after acquiring an additional 8,841 shares in the last quarter. Brandes Investment Partners LP raised its holdings in shares of Hanesbrands by 2.0% during the 4th quarter. Brandes Investment Partners LP now owns 5,147,194 shares of the textile maker’s stock worth $41,898,000 after buying an additional 101,383 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in shares of Hanesbrands during the 4th quarter worth $222,000. 80.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robert F. Moran purchased 74,850 shares of Hanesbrands stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the transaction, the director now owns 216,373 shares of the company’s stock, valued at approximately $1,300,401.73. This represents a 52.89 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HBI shares. UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $9.00 to $11.00 in a report on Tuesday, November 26th. Stifel Nicolaus reissued a “hold” rating and set a $7.00 price target (down previously from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.10.

Hanesbrands Stock Performance

Shares of HBI stock opened at $6.01 on Friday. The firm has a market capitalization of $2.12 billion, a P/E ratio of -6.53 and a beta of 1.75. Hanesbrands Inc. has a twelve month low of $4.40 and a twelve month high of $9.10. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. The stock’s fifty day simple moving average is $6.99 and its 200 day simple moving average is $7.44.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $888.47 million for the quarter, compared to analyst estimates of $899.30 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. As a group, sell-side analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current fiscal 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.