Charles Schwab Investment Management Inc. lessened its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,315,672 shares of the textile maker's stock after selling 66,902 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.22% of Hanesbrands worth $35,130,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in shares of Hanesbrands by 27.3% during the fourth quarter. Jones Financial Companies Lllp now owns 170,483 shares of the textile maker's stock worth $1,388,000 after buying an additional 36,579 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Hanesbrands by 122.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock valued at $40,000 after purchasing an additional 2,712 shares in the last quarter. Verus Capital Partners LLC acquired a new stake in Hanesbrands in the fourth quarter worth about $195,000. Proficio Capital Partners LLC bought a new position in Hanesbrands in the 4th quarter valued at about $346,000. Finally, Los Angeles Capital Management LLC increased its stake in Hanesbrands by 33.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 15,873 shares of the textile maker's stock valued at $129,000 after buying an additional 4,016 shares during the period. 80.31% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
HBI has been the topic of several research analyst reports. UBS Group upgraded Hanesbrands from a "neutral" rating to a "buy" rating and lifted their price target for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Stifel Nicolaus reissued a "hold" rating and issued a $7.00 price target (down 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, Hanesbrands has an average rating of "Hold" and an average target price of $7.10.
Check Out Our Latest Stock Report on Hanesbrands
Insider Buying and Selling at Hanesbrands
In related news, Director Robert F. Moran acquired 74,850 shares of the 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 completion of the transaction, the director now owns 216,373 shares of the company's stock, valued at approximately $1,300,401.73. This trade represents 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.
Hanesbrands Trading Up 0.8 %
HBI traded up $0.05 during trading on Monday, reaching $5.92. The company had a trading volume of 5,192,942 shares, compared to its average volume of 6,839,688. The firm's 50-day simple moving average is $7.23 and its 200 day simple moving average is $7.46. 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 company has a market cap of $2.09 billion, a price-to-earnings ratio of -6.43 and a beta of 1.75. Hanesbrands Inc. has a 12-month low of $4.40 and a 12-month high of $9.10.
Hanesbrands (NYSE:HBI - Get Free Report) last released its earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $888.47 million for the quarter, compared to the consensus estimate of $899.30 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. Equities research analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current year.
Hanesbrands Company Profile
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Free Report)
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.
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