American Century Companies Inc. raised its stake in Hanesbrands Inc. (NYSE:HBI - Free Report) by 147.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,362,455 shares of the textile maker's stock after buying an additional 3,197,544 shares during the period. American Century Companies Inc. owned about 1.52% of Hanesbrands worth $43,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in Hanesbrands by 122.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock valued at $40,000 after purchasing an additional 2,712 shares during the period. WFA Asset Management Corp purchased a new position in Hanesbrands during the 4th quarter worth $46,000. GAMMA Investing LLC increased its holdings in shares of Hanesbrands by 39.7% during the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock valued at $54,000 after acquiring an additional 1,895 shares in the last quarter. Allworth Financial LP raised its position in shares of Hanesbrands by 459.2% in the 4th quarter. Allworth Financial LP now owns 8,220 shares of the textile maker's stock valued at $69,000 after purchasing an additional 6,750 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of Hanesbrands during the third quarter worth $77,000. 80.31% of the stock is currently owned by institutional investors.
Hanesbrands Price Performance
Shares of NYSE:HBI traded up $0.01 during trading on Tuesday, reaching $5.78. 289,749 shares of the company's stock traded hands, compared to its average volume of 7,035,259. The firm has a market cap of $2.04 billion, a PE ratio of -6.27 and a beta of 1.75. Hanesbrands Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $9.10. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. The company has a 50-day simple moving average of $6.70 and a 200-day simple moving average of $7.43.
Hanesbrands (NYSE:HBI - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $888.47 million during the quarter, compared to analysts' expectations of $899.30 million. As a group, analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current year.
Insider Buying and Selling at Hanesbrands
In related news, Director Robert F. Moran purchased 74,850 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the transaction, the director now directly owns 216,373 shares of the company's stock, valued at approximately $1,300,401.73. This trade represents a 52.89 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus reissued a "hold" rating and set a $7.00 price target (down from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $7.10.
View Our Latest Stock Analysis on HBI
About Hanesbrands
(
Free Report)
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.
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