2 weeks Ago By ABMN Staff
Invesco Ltd. cut its position in shares of Hanesbrands Inc. ( NYSE:HBI – Free Report ) by 10.
6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,723,209 shares of the textile maker’s stock after selling 204,900 shares during the period. Invesco Ltd.
’s holdings in Hanesbrands were worth $14,027,000 as of its most recent SEC filing. Other large investors have also made changes to their positions in the company. Federated Hermes Inc.
increased its stake in shares of Hanesbrands by 56.8% during the 4th quarter. Federated Hermes Inc.
now owns 14,089 shares of the textile maker’s stock worth $115,000 after purchasing an additional 5,103 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Hanesbrands by 3.
0% during the fourth quarter. Envestnet Asset Management Inc. now owns 245,359 shares of the textile maker’s stock worth $1,997,000 after buying an additional 7,097 shares during the last quarter.
Wells Fargo & Company MN raised its holdings in Hanesbrands by 6.6% during the fourth quarter. Wells Fargo & Company MN now owns 643,556 shares of the textile maker’s stock valued at $5,239,000 after buying an additional 39,868 shares in the last quarter.
Trexquant Investment LP lifted its position in shares of Hanesbrands by 395.1% in the fourth quarter. Trexquant Investment LP now owns 548,724 shares of the textile maker’s stock worth $4,467,000 after buying an additional 437,895 shares during the last quarter.
Finally, Wellington Management Group LLP bought a new stake in shares of Hanesbrands during the 4th quarter worth about $7,922,000. Institutional investors own 80.31% of the company’s stock.
Wall Street Analyst Weigh In Separately, Stifel Nicolaus cut their price objective on Hanesbrands from $7.00 to $5.00 and set a “hold” rating on the stock in a research note on Thursday, April 10th.
Hanesbrands Trading Down 1.4 % Shares of NYSE:HBI opened at $4.34 on Tuesday.
Hanesbrands Inc. has a 52-week low of $4.02 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 company has a market cap of $1.
53 billion, a P/E ratio of -4.72 and a beta of 1.55.
The stock’s 50-day moving average is $5.54 and its 200-day moving average is $7.15.
Hanesbrands ( NYSE:HBI – Get Free Report ) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.
14 by $0.03. The company had revenue of $888.
47 million during 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%. Equities research analysts predict that Hanesbrands Inc.
will post 0.53 earnings per share for the current year. Insider Transactions at Hanesbrands In other news, Director Robert F.
Moran purchased 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 completion of the purchase, the director now directly owns 216,373 shares of the company’s stock, valued at approximately $1,300,401.73.
The trade was a 52.89 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link .
Insiders own 0.46% of the company’s stock. Hanesbrands Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding HBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanesbrands Inc.
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