Clark Estates Inc. NY raised its position in Hanesbrands Inc. (NYSE:HBI) by 28.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,100,000 shares of the textile maker’s stock after purchasing an additional 245,675 shares during the period. Hanesbrands accounts for approximately 3.8% of Clark Estates Inc. NY’s portfolio, making the stock its 8th biggest holding. Clark Estates Inc. NY’s holdings in Hanesbrands were worth $23,001,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HBI. LSV Asset Management purchased a new position in Hanesbrands in the 2nd quarter valued at $1,799,000. Riverhead Capital Management LLC raised its holdings in shares of Hanesbrands by 1.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 20,305 shares of the textile maker’s stock worth $470,000 after acquiring an additional 233 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Hanesbrands by 24.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,676,152 shares of the textile maker’s stock worth $38,815,000 after acquiring an additional 332,308 shares during the period. Norinchukin Bank The raised its holdings in shares of Hanesbrands by 2.7% during the 2nd quarter. Norinchukin Bank The now owns 25,269 shares of the textile maker’s stock worth $585,000 after acquiring an additional 658 shares during the period. Finally, Nationwide Fund Advisors raised its holdings in shares of Hanesbrands by 28.0% during the 2nd quarter. Nationwide Fund Advisors now owns 135,407 shares of the textile maker’s stock worth $3,136,000 after acquiring an additional 29,600 shares during the period. Institutional investors own 96.67% of the company’s stock.

Several research firms have recently commented on HBI. Deutsche Bank began coverage on Hanesbrands in a report on Monday, October 23rd. They set a “buy” rating and a $29.00 price target on the stock. Zacks Investment Research upgraded Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Monday, October 9th. ValuEngine lowered Hanesbrands from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Stifel Nicolaus reiterated a “hold” rating and set a $23.00 price target on shares of Hanesbrands in a report on Tuesday, September 26th. Finally, TheStreet lowered Hanesbrands from a “b” rating to a “c+” rating in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $25.63.

Shares of Hanesbrands Inc. (NYSE:HBI) traded up $1.20 on Friday, reaching $23.20. 9,585,458 shares of the company traded hands, compared to its average volume of 5,366,869. The stock has a market cap of $8,080.00, a price-to-earnings ratio of 14.32, a P/E/G ratio of 1.17 and a beta of 0.72. Hanesbrands Inc. has a 12-month low of $18.90 and a 12-month high of $25.73. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.85 and a current ratio of 1.88.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. Hanesbrands’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 EPS. research analysts anticipate that Hanesbrands Inc. will post 1.94 earnings per share for the current year.

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Hanesbrands Profile

Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.

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Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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