Principal Financial Group Inc. Sells 81,191 Shares of Hanesbrands Inc. (NYSE:HBI)

Principal Financial Group Inc. reduced its holdings in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,666,252 shares of the textile maker's stock after selling 81,191 shares during the quarter. Principal Financial Group Inc. owned about 0.47% of Hanesbrands worth $12,247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Hanesbrands by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker's stock worth $233,542,000 after acquiring an additional 1,362,140 shares during the period. Shell Asset Management Co. boosted its stake in Hanesbrands by 127.0% during the first quarter. Shell Asset Management Co. now owns 20,417 shares of the textile maker's stock valued at $118,000 after buying an additional 11,423 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in shares of Hanesbrands by 212.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 409,468 shares of the textile maker's stock valued at $2,375,000 after acquiring an additional 278,383 shares in the last quarter. ProShare Advisors LLC lifted its position in Hanesbrands by 7.4% during the first quarter. ProShare Advisors LLC now owns 70,932 shares of the textile maker's stock valued at $411,000 after purchasing an additional 4,881 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in Hanesbrands by 237.5% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 98,329 shares of the textile maker's stock worth $564,000 after acquiring an additional 69,197 shares in the last quarter. 80.31% of the stock is owned by institutional investors.

Hanesbrands Stock Performance

Shares of NYSE HBI traded up $0.33 during trading on Friday, hitting $8.22. The company had a trading volume of 8,155,378 shares, compared to its average volume of 6,362,846. The stock has a 50 day simple moving average of $7.17 and a 200 day simple moving average of $6.00. The firm has a market capitalization of $2.90 billion, a P/E ratio of -12.45 and a beta of 1.58. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49. Hanesbrands Inc. has a 12 month low of $3.58 and a 12 month high of $8.70.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The firm had revenue of $937.10 million for the quarter, compared to the consensus estimate of $936.47 million. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. The company's revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. As a group, analysts anticipate that Hanesbrands Inc. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on HBI shares. UBS Group increased their target price on shares of Hanesbrands from $5.00 to $6.50 and gave the stock a "neutral" rating in a report on Tuesday, August 27th. Stifel Nicolaus raised their price target on Hanesbrands from $4.50 to $6.00 and gave the company a "hold" rating in a report on Monday, August 12th. Finally, Barclays boosted their price objective on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $6.00.

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.