Wellington Management Group LLP Buys Shares of 973,160 Hanesbrands Inc. (NYSE:HBI)

Wellington Management Group LLP purchased a new position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 973,160 shares of the textile maker's stock, valued at approximately $7,922,000. Wellington Management Group LLP owned about 0.28% of Hanesbrands as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Hennessy Advisors Inc. bought a new position in Hanesbrands in the 4th quarter valued at about $62,199,000. American Century Companies Inc. boosted its holdings in shares of Hanesbrands by 147.7% in the fourth quarter. American Century Companies Inc. now owns 5,362,455 shares of the textile maker's stock valued at $43,650,000 after acquiring an additional 3,197,544 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Hanesbrands by 60.4% during 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 acquiring an additional 2,069,315 shares during the period. JPMorgan Chase & Co. raised its holdings in Hanesbrands by 484.0% during the third 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Hanesbrands in the fourth quarter worth approximately $5,395,000. Institutional investors and hedge funds own 80.31% of the company's stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut their price objective on Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a report on Thursday, April 10th.

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Insider Buying and Selling

In other Hanesbrands news, Director Robert F. Moran bought 74,850 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $6.01 per share, with a total value of $449,848.50. Following the completion of the transaction, the director now directly owns 216,373 shares in the company, valued at approximately $1,300,401.73. This represents a 52.89 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.46% of the company's stock.

Hanesbrands Price Performance

Hanesbrands stock traded up $0.04 during mid-day trading on Tuesday, hitting $4.46. The company's stock had a trading volume of 3,102,928 shares, compared to its average volume of 7,157,757. The stock has a market capitalization of $1.57 billion, a P/E ratio of -4.85 and a beta of 1.55. Hanesbrands Inc. has a twelve month low of $4.02 and a twelve month high of $9.10. The stock's fifty day moving average price is $5.86 and its two-hundred day moving average price is $7.25. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28.

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, topping analysts' consensus estimates of $0.14 by $0.03. The company had revenue of $888.47 million for the quarter, compared to analyst estimates of $899.30 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. Research analysts forecast that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

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.