Thompson Investment Management Inc. Raises Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Thompson Investment Management Inc. raised its position in shares of Hanesbrands Inc. (NYSE:HBI) by 10.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,655 shares of the textile maker’s stock after purchasing an additional 5,000 shares during the quarter. Thompson Investment Management Inc.’s holdings in Hanesbrands were worth $239,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HBI. Canada Pension Plan Investment Board raised its holdings in Hanesbrands by 41.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 5,010 shares of the textile maker’s stock valued at $74,000 after buying an additional 1,480 shares during the period. Franklin Resources Inc. raised its stake in shares of Hanesbrands by 8.0% in the 2nd quarter. Franklin Resources Inc. now owns 21,973 shares of the textile maker’s stock valued at $226,000 after acquiring an additional 1,629 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Hanesbrands by 1.3% in the 4th quarter. Treasurer of the State of North Carolina now owns 151,278 shares of the textile maker’s stock worth $962,000 after acquiring an additional 1,930 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Hanesbrands by 0.4% during the 4th quarter. Alliancebernstein L.P. now owns 477,420 shares of the textile maker’s stock worth $3,036,000 after purchasing an additional 2,048 shares during the period. Finally, Harbour Investments Inc. increased its holdings in Hanesbrands by 63.2% in the 4th quarter. Harbour Investments Inc. now owns 6,020 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 2,332 shares during the last quarter. 87.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HBI shares. StockNews.com lowered Hanesbrands from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Wedbush restated a “neutral” rating and set a $5.50 target price on shares of Hanesbrands in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.64.

Hanesbrands Trading Down 1.1 %

HBI opened at $4.63 on Friday. The business has a fifty day moving average price of $5.03 and a 200 day moving average price of $4.84. The company has a debt-to-equity ratio of 10.07, a current ratio of 1.67 and a quick ratio of 0.61. Hanesbrands Inc. has a 12 month low of $3.85 and a 12 month high of $8.80. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -4.13 and a beta of 1.65.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, August 10th. The textile maker reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Hanesbrands had a positive return on equity of 22.89% and a negative net margin of 6.61%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business posted $0.28 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. Sell-side analysts expect that Hanesbrands Inc. will post 0.23 earnings per share for the current fiscal year.

Hanesbrands Profile

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children. The company operates through three segments: Innerwear, Activewear, and International. It sells men's underwear, women's panties, children's underwear and socks, and activewear, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, performance apparel, sport shirts, performance T-shirts and shorts, sports bras, teamwear, and thermals, as well as licensed logo apparel in collegiate bookstores and mass retail channels.