Point72 Asia Singapore Pte. Ltd. Invests $67,000 in Hanesbrands Inc. (NYSE:HBI)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hanesbrands Inc. (NYSE:HBI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,188 shares of the textile maker’s stock, valued at approximately $67,000.

Several other institutional investors also recently modified their holdings of HBI. Vanguard Group Inc. raised its position in shares of Hanesbrands by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 40,034,878 shares of the textile maker’s stock worth $325,884,000 after purchasing an additional 421,915 shares during the period. Ameriprise Financial Inc. raised its holdings in Hanesbrands by 28.2% during the 4th quarter. Ameriprise Financial Inc. now owns 9,951,948 shares of the textile maker’s stock worth $81,009,000 after buying an additional 2,189,844 shares during the period. Dimensional Fund Advisors LP raised its holdings in Hanesbrands by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,909,654 shares of the textile maker’s stock worth $56,245,000 after buying an additional 171,918 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Hanesbrands by 60.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,493,266 shares of the textile maker’s stock valued at $44,715,000 after buying an additional 2,069,315 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Hanesbrands by 147.7% in the 4th quarter. American Century Companies Inc. now owns 5,362,455 shares of the textile maker’s stock worth $43,650,000 after purchasing an additional 3,197,544 shares during the period. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran purchased 74,850 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the purchase, the director now owns 216,373 shares in the company, valued at approximately $1,300,401.73. The trade was a 52.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HBI has been the topic of several recent research reports. UBS Group lifted their price target on Hanesbrands from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on Hanesbrands from $3.00 to $4.00 and gave the company an “underweight” rating in a research report on Wednesday, May 14th. Barclays set a $5.00 target price on Hanesbrands and gave the company a “cautious” rating in a research note on Monday, April 28th. Finally, Stifel Nicolaus decreased their price target on shares of Hanesbrands from $7.00 to $5.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.40.

Hanesbrands Stock Performance

HBI opened at $5.35 on Monday. The business’s 50-day simple moving average is $5.11 and its 200 day simple moving average is $6.85. Hanesbrands Inc. has a 52-week low of $4.02 and a 52-week high of $9.10. 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 has a market capitalization of $1.89 billion, a PE ratio of -5.81 and a beta of 1.50.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $760.15 million for the quarter, compared to analyst estimates of $757.42 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.02) EPS. As a group, sell-side analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

About Hanesbrands

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.