Hanesbrands Inc. (NYSE:HBI) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC lessened its holdings in Hanesbrands Inc. (NYSE:HBI - Free Report) by 90.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,195 shares of the textile maker's stock after selling 414,286 shares during the quarter. Wolverine Asset Management LLC's holdings in Hanesbrands were worth $343,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted 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 valued at $58,183,000 after buying an additional 89,367 shares during the period. Hennessy Advisors Inc. acquired a new position in Hanesbrands in the fourth quarter valued at approximately $62,199,000. Charles Schwab Investment Management Inc. grew 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 valued at $32,212,000 after purchasing an additional 11,074 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Hanesbrands by 484.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker's stock valued at $15,757,000 after purchasing an additional 1,776,690 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Hanesbrands by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker's stock worth $14,003,000 after buying an additional 53,995 shares during the last quarter. Institutional investors own 80.31% of the company's stock.

Hanesbrands Price Performance

Hanesbrands stock traded up $0.34 during trading hours on Tuesday, hitting $6.45. 5,787,086 shares of the company traded hands, compared to its average volume of 6,573,142. The firm's 50-day simple moving average is $7.86 and its two-hundred day simple moving average is $7.49. The firm has a market cap of $2.28 billion, a P/E ratio of -7.04 and a beta of 1.63. Hanesbrands Inc. has a 1-year low of $4.40 and a 1-year high of $9.10. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm had revenue of $888.47 million for 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%. As a group, analysts forecast that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Activity at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran purchased 74,850 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was bought at an average cost of $6.01 per share, with a total value of $449,848.50. Following the acquisition, the director now 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 legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.46% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.