Hanesbrands Inc. (NYSE:HBI) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP decreased its holdings in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,487,838 shares of the textile maker's stock after selling 446,281 shares during the period. Cooke & Bieler LP owned approximately 4.39% of Hanesbrands worth $126,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC increased its position in Hanesbrands by 2.2% during the 4th quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker's stock worth $498,000 after purchasing an additional 1,277 shares during the period. GAMMA Investing LLC grew its holdings 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 worth $54,000 after acquiring an additional 1,895 shares during the period. Avior Wealth Management LLC grew its holdings in shares of Hanesbrands by 3.5% in the 4th quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker's stock worth $462,000 after acquiring an additional 1,900 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Hanesbrands by 2.3% in the 4th quarter. New York State Common Retirement Fund now owns 109,606 shares of the textile maker's stock worth $892,000 after acquiring an additional 2,436 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings 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 worth $40,000 after acquiring an additional 2,712 shares during the period. Institutional investors and hedge funds own 80.31% of the company's stock.

Insiders Place Their Bets

In other Hanesbrands news, Director Robert F. Moran purchased 74,850 shares of Hanesbrands stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $6.01 per share, with a total value of $449,848.50. Following the purchase, the director now directly owns 216,373 shares in the company, valued at $1,300,401.73. This trade represents a 52.89 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.46% of the company's stock.

Analyst Ratings Changes

HBI has been the topic of a number of research reports. UBS Group upgraded Hanesbrands from a "neutral" rating to a "buy" rating and upped their price target for the stock from $9.00 to $11.00 in a report on Tuesday, November 26th. Barclays upped their price target on Hanesbrands from $6.00 to $7.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Finally, Stifel Nicolaus restated 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $7.10.

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Hanesbrands Price Performance

HBI stock opened at $5.86 on Tuesday. Hanesbrands Inc. has a 1 year low of $4.40 and a 1 year 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's 50 day moving average price is $7.46 and its 200 day moving average price is $7.48. The firm has a market cap of $2.07 billion, a P/E ratio of -6.36 and a beta of 1.75.

Hanesbrands (NYSE:HBI - Get Free Report) last posted 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 positive return on equity of 108.01% and a negative net margin of 8.06%. The firm had revenue of $888.47 million for the quarter, compared to analyst estimates of $899.30 million. On average, sell-side analysts expect that Hanesbrands Inc. will post 0.53 earnings per share 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.

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