Quantbot Technologies LP Takes Position in Hanesbrands Inc. (NYSE:HBI)

Quantbot Technologies LP bought a new position in shares of Hanesbrands Inc. (NYSE:HBI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 40,656 shares of the textile maker’s stock, valued at approximately $331,000.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of Hanesbrands by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker’s stock valued at $14,003,000 after purchasing an additional 53,995 shares during the period. FMR LLC boosted its holdings in shares of Hanesbrands by 203.5% in the 3rd quarter. FMR LLC now owns 115,833 shares of the textile maker’s stock worth $851,000 after acquiring an additional 77,669 shares in the last quarter. Alberta Investment Management Corp grew its position in Hanesbrands by 31.4% during the 4th quarter. Alberta Investment Management Corp now owns 398,423 shares of the textile maker’s stock worth $3,243,000 after acquiring an additional 95,177 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in Hanesbrands in the 4th quarter valued at about $62,199,000. Finally, Taika Capital LP bought a new position in Hanesbrands in the 4th quarter worth approximately $1,054,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 price target (down previously from $8.00) on shares of Hanesbrands in a 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.10.

Insider Activity

In other news, Director Robert F. Moran acquired 74,850 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the acquisition, the director now 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 legal filing with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

Hanesbrands Stock Performance

Shares of Hanesbrands stock opened at $5.78 on Friday. The firm has a fifty day moving average of $6.75 and a two-hundred day moving average of $7.42. 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 has a market capitalization of $2.04 billion, a price-to-earnings ratio of -6.28 and a beta of 1.75. Hanesbrands Inc. has a 52 week low of $4.40 and a 52 week high of $9.10.

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