Bonfire Financial Buys New Holdings in Hanesbrands Inc. (NYSE:HBI)

Bonfire Financial purchased a new position in shares of Hanesbrands Inc. (NYSE:HBI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,057 shares of the textile maker’s stock, valued at approximately $90,000.

Other large investors also recently modified their holdings of the company. FMR LLC grew its stake in shares of Hanesbrands by 203.5% during the third quarter. FMR LLC now owns 115,833 shares of the textile maker’s stock worth $851,000 after purchasing an additional 77,669 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in Hanesbrands during the 4th quarter worth about $62,199,000. International Assets Investment Management LLC boosted its position in shares of Hanesbrands by 481.0% during the 3rd quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker’s stock worth $3,822,000 after acquiring an additional 430,534 shares in the last quarter. Whittier Trust Co. purchased a new position in shares of Hanesbrands in the 3rd quarter valued at about $51,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Hanesbrands during the 3rd quarter worth about $785,000. 80.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HBI shares. UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and upped their price target for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. Barclays upped their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.90.

Hanesbrands Trading Down 0.2 %

HBI opened at $7.53 on Tuesday. Hanesbrands Inc. has a 52 week low of $4.06 and a 52 week high of $9.10. The business’s 50 day moving average is $8.29 and its two-hundred day moving average is $7.44. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 21.50.

Hanesbrands 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.