Hanesbrands Inc. (NYSE:HBI) Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its stake in shares of Hanesbrands Inc. (NYSE:HBI) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,283,917 shares of the textile maker’s stock after acquiring an additional 189,397 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.50% of Hanesbrands worth $43,011,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Creative Planning lifted its position in shares of Hanesbrands by 22.5% during the third quarter. Creative Planning now owns 152,998 shares of the textile maker’s stock worth $1,125,000 after purchasing an additional 28,126 shares during the last quarter. Blue Trust Inc. raised its stake in Hanesbrands by 42.3% during the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock valued at $39,000 after buying an additional 1,594 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Hanesbrands by 481.0% during the 3rd quarter. International Assets Investment Management LLC now owns 520,037 shares of the textile maker’s stock worth $3,822,000 after buying an additional 430,534 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Hanesbrands by 8.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 115,226 shares of the textile maker’s stock worth $847,000 after acquiring an additional 9,457 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of Hanesbrands in the 3rd quarter valued at approximately $652,000. 80.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Hanesbrands news, Director Robert F. Moran bought 74,850 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the transaction, the director now directly owns 216,373 shares in the company, valued at $1,300,401.73. The trade was a 52.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

HBI has been the topic of several research analyst reports. Stifel Nicolaus restated a “hold” rating and set a $7.00 price objective (down from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Barclays raised their price target 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 boosted their price objective for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.10.

Hanesbrands Stock Performance

HBI stock opened at $6.16 on Friday. Hanesbrands Inc. has a 1 year low of $4.40 and a 1 year high of $9.10. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -6.69 and a beta of 1.63. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37. The stock’s fifty day moving average is $7.91 and its two-hundred day moving average is $7.47.

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

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.