Hanesbrands Inc. (NYSE:HBI) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,034,878 shares of the textile maker's stock after buying an additional 421,915 shares during the period. Vanguard Group Inc. owned about 11.36% of Hanesbrands worth $325,884,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HBI. Principal Financial Group Inc. raised its holdings in Hanesbrands by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker's stock valued at $14,003,000 after acquiring an additional 53,995 shares during the last quarter. FMR LLC increased its stake in 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 last quarter. 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 purchased a new stake in Hanesbrands in the 4th quarter valued at about $1,054,000. Hedge funds and other institutional investors own 80.31% of the company's stock.

Insider Transactions at Hanesbrands

In related news, Director Robert F. Moran purchased 74,850 shares of Hanesbrands stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 approximately $1,300,401.73. The trade was a 52.89 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.46% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reiterated a "hold" rating and set a $7.00 price objective (down from $8.00) on shares of Hanesbrands in a report on Friday, February 14th.

Hanesbrands Trading Down 3.8 %

Hanesbrands stock traded down $0.17 during midday trading on Tuesday, reaching $4.34. The stock had a trading volume of 16,034,656 shares, compared to its average volume of 7,098,043. The stock's 50-day simple moving average is $6.22 and its 200 day simple moving average is $7.33. Hanesbrands Inc. has a twelve month low of $4.05 and a twelve month high of $9.10. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37. The stock has a market capitalization of $1.53 billion, a PE ratio of -4.72 and a beta of 1.55.

Hanesbrands (NYSE:HBI - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $888.47 million for the quarter, compared to analyst estimates of $899.30 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. Analysts expect that Hanesbrands Inc. will post 0.53 EPS for the current year.

Hanesbrands 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.