Wolverine Asset Management LLC Sells 414,286 Shares of Hanesbrands Inc. (NYSE:HBI)

Wolverine Asset Management LLC lowered its position in shares of Hanesbrands Inc. (NYSE:HBI) by 90.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,195 shares of the textile maker’s stock after selling 414,286 shares during the period. Wolverine Asset Management LLC’s holdings in Hanesbrands were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Hanesbrands by 1.1% during the third quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker’s stock valued at $58,183,000 after acquiring an additional 89,367 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Hanesbrands during the fourth quarter valued at approximately $62,199,000. Charles Schwab Investment Management Inc. increased its position 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 acquiring an additional 11,074 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Hanesbrands by 484.0% during the third quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker’s stock valued at $15,757,000 after acquiring an additional 1,776,690 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Hanesbrands by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker’s stock worth $14,003,000 after purchasing an additional 53,995 shares during the period. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Trading Down 0.1 %

Shares of HBI stock opened at $6.16 on Monday. Hanesbrands Inc. has a 1 year low of $4.40 and a 1 year high of $9.10. The firm has a fifty day moving average price of $7.91 and a 200-day moving average price of $7.49. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68. The company has a market cap of $2.17 billion, a price-to-earnings ratio of -6.69 and a beta of 1.63.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. The firm had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. As a group, equities analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Insider Activity

In other Hanesbrands news, Director Robert F. Moran acquired 74,850 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average price of $6.01 per share, with a total value of $449,848.50. Following the transaction, the director now directly owns 216,373 shares in the company, valued at approximately $1,300,401.73. The trade was a 52.89 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HBI shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $7.00 target price (down previously from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. Barclays lifted their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.