Arrowstreet Capital Limited Partnership Grows Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Arrowstreet Capital Limited Partnership raised its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 60.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,493,266 shares of the textile maker's stock after buying an additional 2,069,315 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.56% of Hanesbrands worth $44,715,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in shares of Hanesbrands by 122.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock worth $40,000 after acquiring an additional 2,712 shares during the last quarter. WFA Asset Management Corp purchased a new position in Hanesbrands in the 4th quarter valued at $46,000. GAMMA Investing LLC boosted its stake in Hanesbrands by 39.7% during the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock worth $54,000 after purchasing an additional 1,895 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Hanesbrands by 459.2% during the fourth quarter. Allworth Financial LP now owns 8,220 shares of the textile maker's stock worth $69,000 after buying an additional 6,750 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of Hanesbrands in the third quarter valued at about $77,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Hanesbrands Trading Down 5.2 %

NYSE HBI traded down $0.26 on Friday, reaching $4.67. 15,262,750 shares of the company were exchanged, compared to its average volume of 7,042,933. 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 $1.65 billion, a P/E ratio of -5.07 and a beta of 1.55. The business's fifty day moving average price is $6.45 and its 200 day moving average price is $7.39. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28.

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Hanesbrands (NYSE:HBI - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, beating 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 firm had revenue of $888.47 million for the quarter, compared to analysts' expectations of $899.30 million. Analysts forecast that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus restated 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.

Insider Transactions at Hanesbrands

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

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.