New South Capital Management Inc. Sells 289,207 Shares of Hanesbrands Inc. (NYSE:HBI)

New South Capital Management Inc. lessened its holdings in Hanesbrands Inc. (NYSE:HBI - Free Report) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,133,547 shares of the textile maker's stock after selling 289,207 shares during the period. Hanesbrands makes up 2.4% of New South Capital Management Inc.'s portfolio, making the stock its 12th biggest position. New South Capital Management Inc. owned about 2.02% of Hanesbrands worth $58,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Hanesbrands by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker's stock worth $58,183,000 after purchasing an additional 89,367 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Hanesbrands in the fourth quarter valued at about $62,199,000. Allianz Asset Management GmbH grew its stake in Hanesbrands by 3.7% during the fourth quarter. Allianz Asset Management GmbH now owns 5,283,917 shares of the textile maker's stock worth $43,011,000 after buying an additional 189,397 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Hanesbrands by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,382,574 shares of the textile maker's stock worth $32,212,000 after buying an additional 11,074 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Hanesbrands by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,559,231 shares of the textile maker's stock valued at $20,832,000 after acquiring an additional 15,727 shares during the last quarter. Institutional investors own 80.31% of the company's stock.

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Hanesbrands Trading Up 1.3 %

Shares of NYSE:HBI traded up $0.08 during trading on Friday, hitting $5.92. 7,258,825 shares of the company's stock were exchanged, compared to its average volume of 6,813,064. 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 market cap of $2.09 billion, a P/E ratio of -6.43 and a beta of 1.75. The firm has a 50-day moving average price of $7.46 and a two-hundred day moving average price of $7.46. Hanesbrands Inc. has a 1-year low of $4.40 and a 1-year high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last released its earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping 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%. Equities analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on HBI. 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 report on Tuesday, November 26th. 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 report on Monday, November 11th. Finally, Stifel Nicolaus reaffirmed a "hold" rating and set a $7.00 price objective (down previously from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $7.10.

Insider Activity at Hanesbrands

In other news, Director Robert F. Moran acquired 74,850 shares of Hanesbrands 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 of the company's stock, valued at $1,300,401.73. The trade was a 52.89 % increase in their ownership of the stock. 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 corporate insiders.

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.