Intech Investment Management LLC Has $1.11 Million Holdings in Hanesbrands Inc. (NYSE:HBI)

Intech Investment Management LLC raised its holdings in Hanesbrands Inc. (NYSE:HBI - Free Report) by 82.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 136,693 shares of the textile maker's stock after acquiring an additional 61,927 shares during the period. Intech Investment Management LLC's holdings in Hanesbrands were worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of HBI. Smartleaf Asset Management LLC increased its stake in 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 purchasing an additional 2,712 shares in the last quarter. WFA Asset Management Corp bought a new stake in shares of Hanesbrands during the fourth quarter worth $46,000. GAMMA Investing LLC increased its position in shares of Hanesbrands by 39.7% during the fourth 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 in the last quarter. Allworth Financial LP raised its holdings in shares of Hanesbrands by 459.2% during the fourth quarter. Allworth Financial LP now owns 8,220 shares of the textile maker's stock worth $69,000 after acquiring an additional 6,750 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in Hanesbrands in the 3rd quarter valued at $77,000. 80.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Hanesbrands news, Director Robert F. Moran purchased 74,850 shares of the stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $6.01 per share, with a total value of $449,848.50. Following the completion of the transaction, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by corporate insiders.

Remove Ads

Analyst Upgrades and Downgrades

HBI has been the topic of several recent research reports. UBS Group raised 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 note on Tuesday, November 26th. Stifel Nicolaus restated a "hold" rating and issued a $7.00 target price (down previously from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $7.10.

Hanesbrands Stock Down 1.8 %

Shares of NYSE HBI traded down $0.11 during mid-day trading on Tuesday, hitting $5.93. The company had a trading volume of 4,718,188 shares, compared to its average volume of 6,869,274. 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 firm has a 50-day simple moving average of $6.95 and a two-hundred day simple moving average of $7.45. The company has a market capitalization of $2.09 billion, a PE ratio of -6.45 and a beta of 1.75. Hanesbrands Inc. has a one year low of $4.40 and a one year high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. The firm had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. On average, equities analysts expect that Hanesbrands Inc. will post 0.53 EPS 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.