Intech Investment Management LLC Has $1.11 Million Stock Position in Hanesbrands Inc. (NYSE:HBI)

Intech Investment Management LLC lifted its stake in Hanesbrands Inc. (NYSE:HBI) by 82.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 136,693 shares of the textile maker’s stock after purchasing an additional 61,927 shares during the quarter. Intech Investment Management LLC’s holdings in Hanesbrands were worth $1,113,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of Hanesbrands by 122.8% in the 4th 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 during the period. WFA Asset Management Corp acquired a new stake in Hanesbrands during the 4th quarter worth about $46,000. GAMMA Investing LLC boosted its position in Hanesbrands by 39.7% during the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock worth $54,000 after acquiring an additional 1,895 shares during the period. Allworth Financial LP boosted its position in Hanesbrands by 459.2% during the 4th quarter. Allworth Financial LP now owns 8,220 shares of the textile maker’s stock worth $69,000 after acquiring an additional 6,750 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in Hanesbrands during the 3rd quarter worth about $77,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Price Performance

Shares of Hanesbrands stock opened at $6.01 on Friday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of -6.53 and a beta of 1.75. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68. Hanesbrands Inc. has a 52-week low of $4.40 and a 52-week high of $9.10. The stock has a 50-day simple moving average of $6.99 and a 200-day simple moving average of $7.44.

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

Insider Activity at Hanesbrands

In related news, Director Robert F. Moran acquired 74,850 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $6.01 per share, with a total value of $449,848.50. Following the purchase, the director now owns 216,373 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HBI shares. UBS Group upgraded Hanesbrands from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Stifel Nicolaus restated a “hold” rating and set a $7.00 price objective (down from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.10.

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.