Benjamin F. Edwards & Company Inc. lifted its position in shares of Hanesbrands Inc. (NYSE:HBI) by 287.2% 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 8,271 shares of the textile maker’s stock after purchasing an additional 6,135 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Hanesbrands were worth $173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Hanesbrands by 0.8% during the second quarter. BlackRock Inc. now owns 23,050,392 shares of the textile maker’s stock worth $533,848,000 after purchasing an additional 174,498 shares in the last quarter. State Street Corp lifted its position in shares of Hanesbrands by 0.9% during the second quarter. State Street Corp now owns 15,512,816 shares of the textile maker’s stock worth $359,281,000 after purchasing an additional 136,465 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Hanesbrands by 2.9% during the third quarter. Bessemer Group Inc. now owns 5,977,411 shares of the textile maker’s stock worth $147,284,000 after purchasing an additional 169,250 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Hanesbrands by 33.3% during the third quarter. Bank of New York Mellon Corp now owns 4,638,005 shares of the textile maker’s stock worth $114,282,000 after purchasing an additional 1,159,722 shares in the last quarter. Finally, Check Capital Management Inc. CA lifted its position in shares of Hanesbrands by 100.0% during the third quarter. Check Capital Management Inc. CA now owns 4,413,635 shares of the textile maker’s stock worth $108,752,000 after purchasing an additional 2,207,066 shares in the last quarter. 96.67% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Hanesbrands Inc. (NYSE:HBI) opened at $23.20 on Monday. The stock has a market cap of $8,458.35, a price-to-earnings ratio of 14.32, a P/E/G ratio of 1.26 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 2.90. Hanesbrands Inc. has a twelve month low of $18.90 and a twelve month high of $25.73.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results 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 analysts’ expectations of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. equities analysts predict that Hanesbrands Inc. will post 1.94 EPS for the current fiscal year.

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About Hanesbrands

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.

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

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