Schroder Investment Management Group Acquires Shares of 120,376 Hanesbrands Inc. (NYSE:HBI)

Schroder Investment Management Group bought a new stake in Hanesbrands Inc. (NYSE:HBI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 120,376 shares of the textile maker's stock, valued at approximately $980,000.

Several other large investors have also recently added to or reduced their stakes in HBI. Vanguard Group Inc. lifted its stake in Hanesbrands by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 40,034,878 shares of the textile maker's stock valued at $325,884,000 after buying an additional 421,915 shares during the period. Geode Capital Management LLC raised its stake in Hanesbrands by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker's stock worth $58,183,000 after buying an additional 89,367 shares during the period. Hennessy Advisors Inc. bought a new position in Hanesbrands during the fourth quarter worth about $62,199,000. Arrowstreet Capital Limited Partnership grew its stake in Hanesbrands by 60.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,493,266 shares of the textile maker's stock valued at $44,715,000 after acquiring an additional 2,069,315 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Hanesbrands by 147.7% in the fourth quarter. American Century Companies Inc. now owns 5,362,455 shares of the textile maker's stock worth $43,650,000 after acquiring an additional 3,197,544 shares in the last quarter. 80.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Stifel Nicolaus cut their price objective on Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a report on Thursday.

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Hanesbrands Stock Down 1.9 %

NYSE HBI traded down $0.09 on Friday, reaching $4.38. The company had a trading volume of 5,247,335 shares, compared to its average volume of 7,167,359. The company's fifty day moving average is $5.94 and its 200-day moving average is $7.27. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -4.76 and a beta of 1.55. 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 1-year low of $4.02 and a 1-year high of $9.10.

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

Insider Transactions at Hanesbrands

In related news, Director Robert F. Moran purchased 74,850 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the purchase, the director now directly owns 216,373 shares in the company, valued at $1,300,401.73. This trade represents a 52.89 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.46% of the company's stock.

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.