Charles Schwab Investment Management Inc. Has $35.13 Million Stake in Hanesbrands Inc. (NYSE:HBI)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake in shares of Hanesbrands by 122.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock valued at $40,000 after buying an additional 2,712 shares in the last quarter. WFA Asset Management Corp bought a new stake in shares of Hanesbrands in the 4th quarter valued at approximately $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 buying an additional 1,895 shares in the last quarter. Allworth Financial LP grew its stake in shares of Hanesbrands by 459.2% in the 4th quarter. Allworth Financial LP now owns 8,220 shares of the textile maker's stock valued at $69,000 after buying an additional 6,750 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of Hanesbrands in the 3rd quarter valued at approximately $77,000. Hedge funds and other institutional investors own 80.31% of the company's stock.

Insider Transactions at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran purchased 74,850 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost 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 in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.46% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HBI shares. UBS Group raised Hanesbrands from a "neutral" rating to a "buy" rating and boosted their price target for the company from $9.00 to $11.00 in a research note on Tuesday, November 26th. Stifel Nicolaus reaffirmed a "hold" rating and set a $7.00 target price (down previously from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $7.10.

Hanesbrands Stock Performance

Hanesbrands stock traded down $0.03 during trading hours on Tuesday, reaching $5.91. 2,500,419 shares of the company were exchanged, compared to its average volume of 6,839,743. Hanesbrands Inc. has a 12 month low of $4.40 and a 12 month high of $9.10. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of -6.42 and a beta of 1.75. The stock has a 50-day moving average of $7.23 and a 200 day moving average of $7.46. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. The company had revenue of $888.47 million during the quarter, compared to analyst estimates of $899.30 million. As a group, research analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current 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.