KLCM Advisors Inc. Lowers Holdings in Hanesbrands Inc. (NYSE:HBI)

KLCM Advisors Inc. trimmed its stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 993,252 shares of the textile maker's stock after selling 329,547 shares during the period. Hanesbrands comprises 0.9% of KLCM Advisors Inc.'s holdings, making the stock its 29th largest position. KLCM Advisors Inc. owned approximately 0.28% of Hanesbrands worth $8,085,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of 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 acquiring an additional 77,669 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in Hanesbrands during the fourth quarter worth approximately $62,199,000. International Assets Investment Management LLC grew its holdings in Hanesbrands by 481.0% in the third quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker's stock valued at $3,822,000 after purchasing an additional 430,534 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in Hanesbrands in the third quarter valued at approximately $785,000. Finally, Whittier Trust Co. purchased a new stake in shares of Hanesbrands in the third quarter valued at approximately $51,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HBI has been the topic of a number of research analyst reports. Stifel Nicolaus reissued a "hold" rating and issued a $7.00 price target (down previously from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. UBS Group upgraded shares of Hanesbrands from a "neutral" rating to a "buy" rating and lifted their target price for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Finally, Barclays raised their price target on shares of Hanesbrands from $6.00 to $7.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Hanesbrands has a consensus rating of "Hold" and a consensus target price of $7.10.

Insider Buying and Selling

In other Hanesbrands news, Director Robert F. Moran purchased 74,850 shares of the stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the acquisition, the director now 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

Hanesbrands Price Performance

Shares of HBI stock traded down $0.03 during trading hours on Thursday, reaching $6.18. The company had a trading volume of 8,169,417 shares, compared to its average volume of 6,570,740. Hanesbrands Inc. has a 12-month low of $4.40 and a 12-month high of $9.10. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of -6.71 and a beta of 1.63. 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 has a fifty day moving average of $7.96 and a 200-day moving average of $7.45.

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

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.