Intech Investment Management LLC Acquires 61,927 Shares of Hanesbrands Inc. (NYSE:HBI)

Intech Investment Management LLC boosted its holdings in Hanesbrands Inc. (NYSE:HBI) by 82.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,693 shares of the textile maker’s stock after buying an additional 61,927 shares during the period. Intech Investment Management LLC’s holdings in Hanesbrands were worth $1,113,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in Hanesbrands by 122.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock worth $40,000 after buying an additional 2,712 shares during the period. WFA Asset Management Corp bought a new position in Hanesbrands in the 4th quarter worth approximately $46,000. GAMMA Investing LLC increased its position 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 position 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 during the period. Finally, Quantinno Capital Management LP bought a new position in Hanesbrands in the 3rd quarter worth approximately $77,000. 80.31% of the stock is owned by institutional investors.

Hanesbrands Price Performance

Shares of HBI stock opened at $6.01 on Friday. The stock’s fifty day simple moving average is $6.99 and its 200 day simple moving average is $7.44. 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 firm has a market cap of $2.12 billion, a price-to-earnings ratio of -6.53 and a beta of 1.75. Hanesbrands Inc. has a one year low of $4.40 and a one year high of $9.10.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $888.47 million for 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, analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HBI has been the topic of several recent research reports. Stifel Nicolaus reissued a “hold” rating and set a $7.00 price objective (down previously from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $9.00 to $11.00 in a report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.10.

Insider Activity at Hanesbrands

In related news, Director Robert F. Moran purchased 74,850 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $6.01 per share, with a total value of $449,848.50. Following the purchase, the director now directly owns 216,373 shares in the company, valued at $1,300,401.73. This represents a 52.89 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.46% of the stock is owned by insiders.

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.