Hanesbrands Inc. (NYSE:HBI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,315,672 shares of the textile maker’s stock after selling 66,902 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Hanesbrands were worth $35,130,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. 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 worth $40,000 after purchasing an additional 2,712 shares in the last quarter. WFA Asset Management Corp acquired a new position in Hanesbrands in the fourth quarter worth about $46,000. GAMMA Investing LLC grew its stake in Hanesbrands by 39.7% in the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock worth $54,000 after purchasing an additional 1,895 shares in the last quarter. Allworth Financial LP grew its stake in Hanesbrands by 459.2% in the fourth 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 position in Hanesbrands in the third quarter worth about $77,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HBI shares. Stifel Nicolaus reissued a “hold” rating and issued a $7.00 target price (down previously from $8.00) on shares of Hanesbrands in a report on Friday, February 14th. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and raised their target price for the stock from $9.00 to $11.00 in a report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.10.

Hanesbrands Trading Up 2.3 %

Hanesbrands stock opened at $5.90 on Monday. The company’s fifty day simple moving average is $7.23 and its 200-day simple moving average is $7.46. 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 stock has a market cap of $2.08 billion, a P/E ratio of -6.41 and a beta of 1.75.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, beating the consensus estimate 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 business had revenue of $888.47 million for the quarter, compared to analysts’ expectations of $899.30 million. As a group, sell-side analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Insider Activity at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran acquired 74,850 shares of Hanesbrands stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $6.01 per share, with a total value of $449,848.50. Following the purchase, the director now owns 216,373 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by company insiders.

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.