Amundi Purchases 114,402 Shares of Hanesbrands Inc. (NYSE:HBI)

Amundi lifted its stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 184.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 176,316 shares of the textile maker's stock after acquiring an additional 114,402 shares during the quarter. Amundi owned about 0.05% of Hanesbrands worth $1,465,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC grew its position in Hanesbrands by 2.2% in the fourth quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker's stock worth $498,000 after buying an additional 1,277 shares during the last quarter. GAMMA Investing LLC grew its position in Hanesbrands by 39.7% in the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock worth $54,000 after buying an additional 1,895 shares during the last quarter. Avior Wealth Management LLC grew its position in Hanesbrands by 3.5% in the fourth quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker's stock worth $462,000 after buying an additional 1,900 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Hanesbrands by 2.3% in the 4th quarter. New York State Common Retirement Fund now owns 109,606 shares of the textile maker's stock worth $892,000 after purchasing an additional 2,436 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Hanesbrands by 122.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock worth $40,000 after purchasing an additional 2,712 shares during the period. Institutional investors and hedge funds own 80.31% of the company's stock.

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Hanesbrands Price Performance

Shares of NYSE:HBI remained flat at $6.01 during trading on Friday. 38,116,327 shares of the company's stock were exchanged, compared to its average volume of 6,864,165. The company has a fifty day simple moving average of $6.99 and a two-hundred day simple moving average of $7.43. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of -6.53 and a beta of 1.75. Hanesbrands Inc. has a 52 week low of $4.40 and a 52 week high of $9.10. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28.

Hanesbrands (NYSE:HBI - Get Free Report) last issued 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 analyst estimates of $899.30 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. As a group, research analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran acquired 74,850 shares of Hanesbrands stock in a transaction that occurred on 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 purchase, the director now owns 216,373 shares in the company, 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 can be accessed through the SEC website. Company insiders own 0.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on HBI. Stifel Nicolaus reaffirmed a "hold" rating and issued a $7.00 price objective (down previously from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. UBS Group raised shares of Hanesbrands from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $7.10.

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.