Hanesbrands Inc. (NYSE:HBI) Holdings Increased by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its stake in Hanesbrands Inc. (NYSE:HBI) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,283,917 shares of the textile maker’s stock after acquiring an additional 189,397 shares during the period. Allianz Asset Management GmbH’s holdings in Hanesbrands were worth $43,011,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in HBI. Geode Capital Management LLC lifted its position in Hanesbrands by 1.1% in the third quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker’s stock worth $58,183,000 after purchasing an additional 89,367 shares during the period. Hennessy Advisors Inc. bought a new stake in shares of Hanesbrands in the 4th quarter worth $62,199,000. Charles Schwab Investment Management Inc. raised its stake in shares of Hanesbrands by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,382,574 shares of the textile maker’s stock worth $32,212,000 after buying an additional 11,074 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Hanesbrands by 484.0% in the third quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker’s stock valued at $15,757,000 after buying an additional 1,776,690 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Hanesbrands by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker’s stock valued at $14,003,000 after buying an additional 53,995 shares in the last quarter. 80.31% of the stock is currently owned by institutional investors.

Insider Activity at Hanesbrands

In other news, Director Robert F. Moran bought 74,850 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost 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 trade represents a 52.89 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by insiders.

Hanesbrands Trading Down 0.1 %

Shares of NYSE HBI opened at $6.16 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. Hanesbrands Inc. has a 12 month low of $4.40 and a 12 month high of $9.10. The company has a market cap of $2.17 billion, a price-to-earnings ratio of -6.69 and a beta of 1.63. The business has a fifty day simple moving average of $7.91 and a 200-day simple moving average of $7.47.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 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 during the quarter, compared to analyst estimates of $899.30 million. Sell-side analysts predict that Hanesbrands Inc. will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on HBI. Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 price target (down from $8.00) on shares of Hanesbrands in a research report on Friday, February 14th. Barclays boosted their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and increased their target price for the company from $9.00 to $11.00 in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.10.

About Hanesbrands

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.