Jones Financial Companies Lllp Has $1.39 Million Holdings in Hanesbrands Inc. (NYSE:HBI)

Jones Financial Companies Lllp increased its stake in Hanesbrands Inc. (NYSE:HBI) by 27.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 170,483 shares of the textile maker’s stock after purchasing an additional 36,579 shares during the period. Jones Financial Companies Lllp’s holdings in Hanesbrands were worth $1,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HBI. Hennessy Advisors Inc. acquired a new position in Hanesbrands in the 4th quarter worth $62,199,000. JPMorgan Chase & Co. boosted its stake in Hanesbrands by 484.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker’s stock worth $15,757,000 after purchasing an additional 1,776,690 shares during the period. Verition Fund Management LLC acquired a new position in Hanesbrands in the 3rd quarter worth $7,249,000. BNP Paribas Financial Markets boosted its stake in Hanesbrands by 388.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 742,314 shares of the textile maker’s stock worth $5,456,000 after purchasing an additional 590,493 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new position in Hanesbrands in the 4th quarter worth $2,066,000. 80.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HBI shares. Barclays boosted their price target on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Stifel Nicolaus reissued a “hold” rating and set a $7.00 price target (down from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. Finally, UBS Group raised shares of 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 research report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.10.

Hanesbrands Stock Up 1.3 %

Shares of HBI stock opened at $5.92 on Friday. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37. The firm’s 50-day moving average is $7.51 and its 200-day moving average is $7.47. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of -6.43 and a beta of 1.75. Hanesbrands Inc. has a 52-week low of $4.40 and a 52-week high of $9.10.

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

Insider Activity

In other news, Director Robert F. Moran bought 74,850 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $6.01 per share, with a total value of $449,848.50. Following the acquisition, the director now owns 216,373 shares in the company, valued at $1,300,401.73. This trade represents a 52.89 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is owned by insiders.

Hanesbrands Company 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.