Cooke & Bieler LP Trims Position in Hanesbrands Inc. (NYSE:HBI)

Cooke & Bieler LP lessened its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 2.8% during the fourth quarter, HoldingsChannel reports. The firm owned 15,487,838 shares of the textile maker’s stock after selling 446,281 shares during the quarter. Cooke & Bieler LP’s holdings in Hanesbrands were worth $126,071,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in shares of Hanesbrands by 122.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock worth $40,000 after buying an additional 2,712 shares during the period. WFA Asset Management Corp purchased a new position in shares of Hanesbrands in the 4th quarter worth $46,000. GAMMA Investing LLC raised 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 worth $54,000 after buying an additional 1,895 shares during the period. Allworth Financial LP raised its position in shares of Hanesbrands by 459.2% in the 4th quarter. Allworth Financial LP now owns 8,220 shares of the textile maker’s stock worth $69,000 after buying an additional 6,750 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in shares of Hanesbrands in the 3rd quarter worth $77,000. 80.31% of the stock is owned by hedge funds and other institutional investors.

Hanesbrands Stock Down 1.3 %

Shares of NYSE HBI opened at $5.86 on Tuesday. 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 $2.07 billion, a P/E ratio of -6.36 and a beta of 1.75. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. The stock has a fifty day moving average price of $7.46 and a 200 day moving average price of $7.48.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. Research analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

In other Hanesbrands news, Director Robert F. Moran bought 74,850 shares of the stock in a transaction dated Tuesday, February 18th. The stock was bought 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

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.