Charles Schwab Investment Management Inc. Decreases Stake in Hanesbrands Inc. (NYSE:HBI)

Charles Schwab Investment Management Inc. cut its stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,315,672 shares of the textile maker's stock after selling 66,902 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.22% of Hanesbrands worth $35,130,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Natixis Advisors LLC bought a new position in Hanesbrands during the 3rd quarter worth approximately $248,000. Moors & Cabot Inc. increased its position in shares of Hanesbrands by 25.9% during the third quarter. Moors & Cabot Inc. now owns 58,383 shares of the textile maker's stock worth $429,000 after buying an additional 12,000 shares during the period. Intech Investment Management LLC raised its stake in Hanesbrands by 628.2% during the third quarter. Intech Investment Management LLC now owns 74,766 shares of the textile maker's stock worth $550,000 after buying an additional 64,499 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in Hanesbrands in the third quarter valued at $785,000. Finally, The Manufacturers Life Insurance Company boosted its position in Hanesbrands by 4.5% during the third quarter. The Manufacturers Life Insurance Company now owns 184,714 shares of the textile maker's stock valued at $1,358,000 after acquiring an additional 7,897 shares during the last quarter. 80.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HBI has been the topic of a number of recent analyst reports. UBS Group raised Hanesbrands from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $9.00 to $11.00 in a research note on Tuesday, November 26th. Stifel Nicolaus restated a "hold" rating and set a $7.00 price target (down from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Hanesbrands currently has an average rating of "Hold" and a consensus target price of $7.10.

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Insider Buying and Selling at Hanesbrands

In related news, Director Robert F. Moran bought 74,850 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the acquisition, the director now directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.46% of the company's stock.

Hanesbrands Stock Down 0.7 %

Hanesbrands stock traded down $0.05 during mid-day trading on Thursday, reaching $6.02. The stock had a trading volume of 2,872,625 shares, compared to its average volume of 6,801,330. The firm has a market capitalization of $2.12 billion, a PE ratio of -6.55 and a beta of 1.75. Hanesbrands Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $9.10. The stock's 50-day simple moving average is $7.13 and its 200-day simple moving average is $7.45. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37.

Hanesbrands (NYSE:HBI - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) 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 business had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. On average, sell-side analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

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.