Hanesbrands Inc. (NYSE:HBI) Position Raised by Trexquant Investment LP

Trexquant Investment LP lifted its position in shares of Hanesbrands Inc. (NYSE:HBI) by 395.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 548,724 shares of the textile maker’s stock after acquiring an additional 437,895 shares during the period. Trexquant Investment LP owned 0.16% of Hanesbrands worth $4,467,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of HBI. Smartleaf Asset Management LLC grew its position in 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 purchasing an additional 2,712 shares during the last quarter. WFA Asset Management Corp acquired a new position in shares of Hanesbrands during the fourth quarter worth approximately $46,000. GAMMA Investing LLC grew its holdings in 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 in the last quarter. Allworth Financial LP increased its position in Hanesbrands by 459.2% in the 4th quarter. Allworth Financial LP now owns 8,220 shares of the textile maker’s stock valued at $69,000 after acquiring an additional 6,750 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in Hanesbrands during the 3rd quarter valued at $77,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert F. Moran purchased 74,850 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased 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 of the company’s stock, valued at $1,300,401.73. This trade represents a 52.89 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reissued a “hold” rating and set a $7.00 price target (down from $8.00) on shares of Hanesbrands in a report on Friday, February 14th.

Hanesbrands Price Performance

NYSE HBI opened at $4.67 on Friday. Hanesbrands Inc. has a 12 month low of $4.40 and a 12 month high of $9.10. The firm has a market capitalization of $1.65 billion, a PE ratio of -5.07 and a beta of 1.55. The company’s 50 day simple moving average is $6.45 and its 200 day simple moving average is $7.38. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68.

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

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.