Invesco Ltd. Decreases Stock Position in Hanesbrands Inc. (NYSE:HBI)

Invesco Ltd. cut its stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,723,209 shares of the textile maker's stock after selling 204,900 shares during the quarter. Invesco Ltd. owned about 0.49% of Hanesbrands worth $14,027,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its stake in shares of Hanesbrands by 122.8% during 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 in the last quarter. WFA Asset Management Corp acquired a new position in Hanesbrands during the fourth quarter worth $46,000. GAMMA Investing LLC grew its holdings in Hanesbrands by 39.7% in the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock valued at $54,000 after purchasing an additional 1,895 shares during the last quarter. Allworth Financial LP increased its position in shares of Hanesbrands by 459.2% in the fourth 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, Bonfire Financial acquired a new position in shares of Hanesbrands during the 4th quarter worth $90,000. Hedge funds and other institutional investors own 80.31% of the company's stock.

Insiders Place Their Bets

In other news, Director Robert F. Moran acquired 74,850 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by insiders.

Hanesbrands Trading Down 0.5 %

Shares of NYSE HBI traded down $0.03 during midday trading on Friday, reaching $4.80. 1,695,900 shares of the stock were exchanged, compared to its average volume of 7,066,971. The stock has a 50 day moving average price of $5.48 and a 200-day moving average price of $7.12. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. The company has a market capitalization of $1.69 billion, a P/E ratio of -5.21 and a beta of 1.55. Hanesbrands Inc. has a 52-week low of $4.02 and a 52-week high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings results 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. 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 the consensus estimate of $899.30 million. Equities research analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HBI has been the topic of a number of research reports. UBS Group increased their price objective on shares of Hanesbrands from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Wednesday. Stifel Nicolaus lowered their price target on shares of Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th.

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.