Hanesbrands Inc. (NYSE:HBI) Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp raised its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 31.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 398,423 shares of the textile maker's stock after purchasing an additional 95,177 shares during the quarter. Alberta Investment Management Corp owned 0.11% of Hanesbrands worth $3,243,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HBI. Creative Planning lifted its holdings in Hanesbrands by 22.5% during the 3rd quarter. Creative Planning now owns 152,998 shares of the textile maker's stock valued at $1,125,000 after buying an additional 28,126 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Hanesbrands by 42.3% during the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker's stock valued at $39,000 after acquiring an additional 1,594 shares in the last quarter. Whittier Trust Co. purchased a new stake in shares of Hanesbrands in the third quarter valued at approximately $51,000. International Assets Investment Management LLC grew its stake in Hanesbrands by 481.0% in the third quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker's stock worth $3,822,000 after purchasing an additional 430,534 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Hanesbrands by 8.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 115,226 shares of the textile maker's stock worth $847,000 after purchasing an additional 9,457 shares during the period. Institutional investors own 80.31% of the company's stock.

Analyst Upgrades and Downgrades

HBI has been the subject of several recent research reports. Stifel Nicolaus restated a "hold" rating and issued a $7.00 price target (down previously from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. UBS Group raised shares of Hanesbrands from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Finally, Barclays increased their target price on Hanesbrands from $6.00 to $7.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has issued 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 $7.10.

Insider Buying and Selling at Hanesbrands

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

Hanesbrands Stock Performance

Shares of Hanesbrands stock traded down $0.01 during trading on Friday, hitting $6.16. 6,819,514 shares of the company's stock were exchanged, compared to its average volume of 6,578,062. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -6.69 and a beta of 1.63. The business has a 50-day simple moving average of $7.91 and a 200-day simple moving average of $7.46. Hanesbrands Inc. has a 52-week low of $4.40 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.

Hanesbrands (NYSE:HBI - Get Free Report) last posted its earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The business had revenue of $888.47 million for the quarter, compared to analyst estimates of $899.30 million. On average, research analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current 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.