KLP Kapitalforvaltning AS Acquires Shares of 71,300 Hanesbrands Inc. (NYSE:HBI)

KLP Kapitalforvaltning AS purchased a new stake in Hanesbrands Inc. (NYSE:HBI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 71,300 shares of the textile maker's stock, valued at approximately $580,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Hennessy Advisors Inc. bought a new stake in shares of Hanesbrands in the fourth quarter valued at about $62,199,000. American Century Companies Inc. boosted its position in Hanesbrands by 147.7% during the 4th quarter. American Century Companies Inc. now owns 5,362,455 shares of the textile maker's stock worth $43,650,000 after acquiring an additional 3,197,544 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Hanesbrands by 484.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker's stock worth $15,757,000 after acquiring an additional 1,776,690 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Hanesbrands in the fourth quarter valued at approximately $5,395,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Hanesbrands by 388.9% in the third 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 in the last quarter. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Stock Performance

HBI stock traded down $0.18 during trading hours on Monday, reaching $4.51. The stock had a trading volume of 13,380,038 shares, compared to its average volume of 7,068,182. The stock has a 50-day simple moving average of $6.37 and a 200 day simple moving average of $7.37. Hanesbrands Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $9.10. The stock has a market capitalization of $1.59 billion, a PE ratio of -4.90 and a beta of 1.55. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68.

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Hanesbrands (NYSE:HBI - Get Free Report) last announced 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 during 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%. Analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran purchased 74,850 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the transaction, the director now owns 216,373 shares in the company, valued at $1,300,401.73. The trade was a 52.89 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.46% of the company's stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reiterated a "hold" rating and issued a $7.00 price target (down from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th.

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.