Hanesbrands Inc. (NYSE:HBI) Stake Raised by Trexquant Investment LP

Trexquant Investment LP raised its holdings in Hanesbrands Inc. (NYSE:HBI - Free Report) by 395.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 548,724 shares of the textile maker's stock after purchasing an additional 437,895 shares during the period. Trexquant Investment LP owned 0.16% of Hanesbrands worth $4,467,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in HBI. Principal Financial Group Inc. boosted its position in Hanesbrands by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker's stock worth $14,003,000 after acquiring an additional 53,995 shares during the last quarter. FMR LLC grew its position in shares of Hanesbrands by 203.5% in the third quarter. FMR LLC now owns 115,833 shares of the textile maker's stock valued at $851,000 after purchasing an additional 77,669 shares during the period. Alberta Investment Management Corp lifted its position in Hanesbrands by 31.4% during the fourth quarter. Alberta Investment Management Corp now owns 398,423 shares of the textile maker's stock worth $3,243,000 after buying an additional 95,177 shares during the period. Hennessy Advisors Inc. acquired a new stake in Hanesbrands in the 4th quarter worth about $62,199,000. Finally, Taika Capital LP acquired a new position in shares of Hanesbrands during the 4th quarter valued at about $1,054,000. 80.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hanesbrands

In related news, Director Robert F. Moran purchased 74,850 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $6.01 per share, for a total transaction 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 represents a 52.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.46% of the company's stock.

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Analysts Set New Price Targets

Separately, Stifel Nicolaus dropped their price target on Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a research note on Thursday.

Hanesbrands Stock Down 11.1 %

NYSE:HBI traded down $0.54 during mid-day trading on Thursday, hitting $4.32. The company had a trading volume of 2,783,185 shares, compared to its average volume of 7,133,640. Hanesbrands Inc. has a 1 year low of $4.02 and a 1 year high of $9.10. The business has a fifty day simple moving average of $6.08 and a 200-day simple moving average of $7.30. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -4.71 and a beta of 1.55.

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, beating 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. Equities analysts forecast that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal 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.