LSV Asset Management Has $1.21 Million Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

LSV Asset Management reduced its position in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 76.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,100 shares of the textile maker's stock after selling 482,749 shares during the period. LSV Asset Management's holdings in Hanesbrands were worth $1,206,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of Hanesbrands by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker's stock valued at $14,003,000 after purchasing an additional 53,995 shares during the last quarter. Trexquant Investment LP boosted its position in Hanesbrands by 395.1% during the 4th quarter. Trexquant Investment LP now owns 548,724 shares of the textile maker's stock valued at $4,467,000 after purchasing an additional 437,895 shares during the period. FMR LLC grew its stake in Hanesbrands by 203.5% during the 3rd quarter. FMR LLC now owns 115,833 shares of the textile maker's stock worth $851,000 after buying an additional 77,669 shares during the last quarter. Schroder Investment Management Group bought a new stake in Hanesbrands in the fourth quarter valued at $980,000. Finally, Alberta Investment Management Corp grew its position in shares of Hanesbrands by 31.4% during the fourth quarter. Alberta Investment Management Corp now owns 398,423 shares of the textile maker's stock worth $3,243,000 after acquiring an additional 95,177 shares during the last quarter. 80.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut their target price on Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th.

Hanesbrands Stock Up 1.7 %

Shares of Hanesbrands stock traded up $0.08 on Friday, hitting $4.40. 4,341,306 shares of the company traded hands, compared to its average volume of 7,126,495. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. Hanesbrands Inc. has a 12-month low of $4.02 and a 12-month high of $9.10. The company has a 50-day moving average price of $5.67 and a 200 day moving average price of $7.19. The company has a market cap of $1.55 billion, a PE ratio of -4.78 and a beta of 1.55.

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

Insider Transactions at Hanesbrands

In related news, Director Robert F. Moran purchased 74,850 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired 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 represents a 52.89 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.46% of the company's stock.

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.