Hanesbrands Inc. (NYSE:HBI) Stake Increased by Empowered Funds LLC

Empowered Funds LLC grew its holdings in Hanesbrands Inc. (NYSE:HBI) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,374 shares of the textile maker’s stock after purchasing an additional 9,294 shares during the period. Hanesbrands makes up 1.0% of Empowered Funds LLC’s portfolio, making the stock its 27th biggest position. Empowered Funds LLC’s holdings in Hanesbrands were worth $2,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HBI. Rhumbline Advisers increased its stake in shares of Hanesbrands by 0.8% in the third quarter. Rhumbline Advisers now owns 587,235 shares of the textile maker’s stock worth $8,996,000 after acquiring an additional 4,416 shares during the last quarter. Legacy Capital Partners Inc. boosted its holdings in Hanesbrands by 16.6% during the third quarter. Legacy Capital Partners Inc. now owns 12,806 shares of the textile maker’s stock valued at $196,000 after acquiring an additional 1,825 shares during the period. Andra AP fonden boosted its holdings in Hanesbrands by 25.0% during the third quarter. Andra AP fonden now owns 384,300 shares of the textile maker’s stock valued at $5,887,000 after acquiring an additional 76,900 shares during the period. UBS Group AG boosted its holdings in Hanesbrands by 244.1% during the second quarter. UBS Group AG now owns 2,027,579 shares of the textile maker’s stock valued at $34,915,000 after acquiring an additional 1,438,360 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in Hanesbrands by 25.1% during the third quarter. D.A. Davidson & CO. now owns 497,371 shares of the textile maker’s stock valued at $7,620,000 after acquiring an additional 99,816 shares during the period. Institutional investors own 96.40% of the company’s stock.

A number of equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 7th. B. Riley reiterated a “buy” rating and issued a $26.00 target price on shares of Hanesbrands in a research note on Monday, November 25th. Bank of America cut shares of Hanesbrands from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $16.00 to $13.00 in a research note on Friday, December 13th. Goldman Sachs Group set a $15.00 target price on shares of Hanesbrands and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Barclays began coverage on shares of Hanesbrands in a research note on Tuesday, November 12th. They issued an “equal weight” rating and a $16.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Hanesbrands currently has an average rating of “Hold” and a consensus price target of $16.14.

Shares of NYSE HBI traded up $0.17 during mid-day trading on Tuesday, hitting $14.21. The company had a trading volume of 48,104 shares, compared to its average volume of 4,966,015. The company has a debt-to-equity ratio of 3.11, a current ratio of 1.73 and a quick ratio of 0.72. The business’s 50-day simple moving average is $14.50 and its 200-day simple moving average is $14.96. Hanesbrands Inc. has a 12 month low of $12.90 and a 12 month high of $19.38. The firm has a market cap of $5.12 billion, a P/E ratio of 8.90, a PEG ratio of 2.58 and a beta of 1.13.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, October 31st. The textile maker reported $0.54 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. Hanesbrands had a net margin of 8.35% and a return on equity of 57.95%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the company earned $0.55 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts predict that Hanesbrands Inc. will post 1.76 EPS for the current year.

About Hanesbrands

Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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