Intech Investment Management LLC Boosts Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Intech Investment Management LLC grew its holdings in Hanesbrands Inc. (NYSE:HBI - Free Report) by 82.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 136,693 shares of the textile maker's stock after acquiring an additional 61,927 shares during the quarter. Intech Investment Management LLC's holdings in Hanesbrands were worth $1,113,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. 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 in the fourth quarter worth $46,000. GAMMA Investing LLC boosted its stake in shares of Hanesbrands by 39.7% during the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock worth $54,000 after buying 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 acquiring an additional 6,750 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in Hanesbrands in the third quarter valued at approximately $77,000. Institutional investors and hedge funds own 80.31% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on HBI. UBS Group raised Hanesbrands from a "neutral" rating to a "buy" rating and raised their price objective for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Stifel Nicolaus reissued a "hold" rating and set a $7.00 price target (down previously from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $7.10.

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Hanesbrands Stock Down 0.3 %

Hanesbrands stock traded down $0.02 during mid-day trading on Wednesday, reaching $5.90. The stock had a trading volume of 6,954,305 shares, compared to its average volume of 6,859,971. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37. Hanesbrands Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $9.10. The stock's 50-day simple moving average is $6.90 and its 200-day simple moving average is $7.44. The firm has a market capitalization of $2.08 billion, a PE ratio of -6.41 and a beta of 1.75.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping the consensus estimate 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, sell-side analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Insider Activity

In other Hanesbrands news, Director Robert F. Moran bought 74,850 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the purchase, the director now directly owns 216,373 shares of the company's stock, valued at approximately $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 this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Hanesbrands 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.