71,300 Shares in Hanesbrands Inc. (NYSE:HBI) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in Hanesbrands Inc. (NYSE:HBI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 71,300 shares of the textile maker’s stock, valued at approximately $580,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HBI. Charles Schwab Investment Management Inc. raised its position in shares of Hanesbrands by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,382,574 shares of the textile maker’s stock worth $32,212,000 after acquiring an additional 11,074 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Hanesbrands by 4.5% during the third quarter. The Manufacturers Life Insurance Company now owns 184,714 shares of the textile maker’s stock worth $1,358,000 after purchasing an additional 7,897 shares during the period. FMR LLC grew its stake in Hanesbrands by 203.5% during the third quarter. FMR LLC now owns 115,833 shares of the textile maker’s stock worth $851,000 after purchasing an additional 77,669 shares during the period. BNP Paribas Financial Markets increased its holdings in Hanesbrands by 388.9% in the third quarter. BNP Paribas Financial Markets now owns 742,314 shares of the textile maker’s stock worth $5,456,000 after purchasing an additional 590,493 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in Hanesbrands in the third quarter valued at approximately $459,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Stock Up 4.2 %

Shares of NYSE:HBI opened at $5.97 on Thursday. 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 firm has a market capitalization of $2.11 billion, a PE ratio of -6.49 and a beta of 1.75. The firm has a fifty day moving average of $6.60 and a 200 day moving average of $7.41. Hanesbrands Inc. has a 52-week low of $4.40 and a 52-week high of $9.10.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $899.30 million. As a group, research analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Robert F. Moran acquired 74,850 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of $6.01 per share, with a total value of $449,848.50. Following the transaction, the director now owns 216,373 shares in the company, valued at $1,300,401.73. The trade was a 52.89 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 price objective (down previously from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.10.

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.