Arrowstreet Capital Limited Partnership Has $44.72 Million Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Arrowstreet Capital Limited Partnership grew its position in Hanesbrands Inc. (NYSE:HBI) by 60.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,493,266 shares of the textile maker’s stock after buying an additional 2,069,315 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.56% of Hanesbrands worth $44,715,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HBI. Smartleaf Asset Management LLC grew its stake in Hanesbrands by 122.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock valued at $40,000 after acquiring an additional 2,712 shares during the period. WFA Asset Management Corp bought a new position in shares of Hanesbrands during the 4th quarter valued at about $46,000. GAMMA Investing LLC grew its position in shares of Hanesbrands by 39.7% in the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 1,895 shares during the period. Allworth Financial LP increased its stake 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 purchasing an additional 6,750 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in Hanesbrands during the 3rd quarter worth approximately $77,000. Institutional investors own 80.31% of the company’s stock.

Insider Transactions at Hanesbrands

In related news, Director Robert F. Moran bought 74,850 shares of the 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 completion of the transaction, the director now 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reissued a “hold” rating and set a $7.00 price objective (down previously 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 issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.10.

Hanesbrands Stock Down 0.4 %

Shares of Hanesbrands stock opened at $5.75 on Wednesday. Hanesbrands Inc. has a 52-week low of $4.40 and a 52-week high of $9.10. 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 business’s 50 day simple moving average is $6.70 and its 200 day simple moving average is $7.43. The firm has a market cap of $2.03 billion, a PE ratio of -6.24 and a beta of 1.75.

Hanesbrands (NYSE:HBI) last posted 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 company had revenue of $888.47 million for the quarter, compared to the consensus estimate of $899.30 million. On average, analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

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.