Principal Financial Group Inc. Has $14 Million Stock Position in Hanesbrands Inc. (NYSE:HBI)

Principal Financial Group Inc. lifted its holdings in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 3.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,720,247 shares of the textile maker's stock after purchasing an additional 53,995 shares during the quarter. Principal Financial Group Inc. owned about 0.49% of Hanesbrands worth $14,003,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Blue Trust Inc. grew its holdings in Hanesbrands by 42.3% during the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker's stock worth $39,000 after acquiring an additional 1,594 shares in the last quarter. WFA Asset Management Corp acquired a new position in Hanesbrands in the fourth quarter valued at $46,000. GAMMA Investing LLC grew its stake in shares of Hanesbrands by 39.7% in the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock valued at $54,000 after purchasing an additional 1,895 shares during the last quarter. Allworth Financial LP raised its position in Hanesbrands by 459.2% during the 4th 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 during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in Hanesbrands during the 3rd quarter worth approximately $77,000. Hedge funds and other institutional investors own 80.31% of the company's stock.

Hanesbrands Stock Down 2.7 %

Shares of HBI traded down $0.17 during mid-day trading on Friday, reaching $6.01. 7,584,124 shares of the stock traded hands, compared to its average volume of 6,728,454. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. Hanesbrands Inc. has a 12-month low of $4.40 and a 12-month high of $9.10. The stock has a fifty day simple moving average of $7.70 and a 200 day simple moving average of $7.48. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of -6.53 and a beta of 1.63.

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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. 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. Sell-side analysts expect that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Insider Activity

In other news, Director Robert F. Moran purchased 74,850 shares of the stock in a transaction dated 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 in the company, 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 document filed with the SEC, which is available through this hyperlink. Company insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on HBI shares. Barclays upped their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. UBS Group raised Hanesbrands from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Finally, Stifel Nicolaus reiterated 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $7.10.

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.