Thrivent Financial for Lutherans reduced its stake in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 501,089 shares of the textile maker's stock after selling 95,750 shares during the period. Thrivent Financial for Lutherans owned 0.14% of Hanesbrands worth $4,079,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its holdings in Hanesbrands by 122.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock valued at $40,000 after purchasing an additional 2,712 shares in the last quarter. WFA Asset Management Corp purchased a new position in shares of Hanesbrands during the 4th quarter valued at $46,000. GAMMA Investing LLC boosted its holdings in Hanesbrands by 39.7% in 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 period. Allworth Financial LP increased its stake in Hanesbrands by 459.2% in the 4th quarter. Allworth Financial LP now owns 8,220 shares of the textile maker's stock worth $69,000 after buying an additional 6,750 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in Hanesbrands during the third quarter valued at about $77,000. 80.31% of the stock is currently owned by institutional investors.
Hanesbrands Price Performance
HBI traded down $0.10 during trading on Friday, hitting $5.78. 4,525,886 shares of the company traded hands, compared to its average volume of 7,069,814. The company has a market cap of $2.04 billion, a PE ratio of -6.28 and a beta of 1.75. Hanesbrands Inc. has a 1 year low of $4.40 and a 1 year high of $9.10. 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 stock's 50-day simple moving average is $6.75 and its two-hundred day simple moving average is $7.43.
Hanesbrands (NYSE:HBI - Get Free Report) last issued its earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. The firm had revenue of $888.47 million for the quarter, compared to analysts' expectations of $899.30 million. As a group, sell-side analysts anticipate that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus reaffirmed a "hold" rating and issued a $7.00 price objective (down previously from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $7.10.
Check Out Our Latest Stock Report on Hanesbrands
Insider Activity at Hanesbrands
In other Hanesbrands news, Director Robert F. Moran acquired 74,850 shares of the stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the transaction, the director now directly owns 216,373 shares of the company's stock, valued at $1,300,401.73. This trade represents a 52.89 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is currently owned by insiders.
Hanesbrands Company Profile
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Free Report)
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.
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