Hanesbrands Inc. (NYSE:HBI) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. cut its holdings in Hanesbrands Inc. (NYSE:HBI) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 188,095 shares of the textile maker’s stock after selling 14,652 shares during the period. Corebridge Financial Inc. owned 0.05% of Hanesbrands worth $1,531,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HBI. Vanguard Group Inc. lifted its stake in shares of Hanesbrands by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 40,034,878 shares of the textile maker’s stock valued at $325,884,000 after purchasing an additional 421,915 shares during the last quarter. LPL Financial LLC lifted its position in Hanesbrands by 12.3% in the fourth quarter. LPL Financial LLC now owns 454,132 shares of the textile maker’s stock valued at $3,697,000 after buying an additional 49,895 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Hanesbrands during the fourth quarter worth about $552,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Hanesbrands during the fourth quarter valued at about $580,000. Finally, Sei Investments Co. raised its stake in shares of Hanesbrands by 3.3% in the 4th quarter. Sei Investments Co. now owns 371,649 shares of the textile maker’s stock valued at $3,025,000 after acquiring an additional 11,737 shares during the period. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

Hanesbrands Trading Up 4.2 %

NYSE HBI opened at $5.97 on Thursday. Hanesbrands Inc. has a one year low of $4.40 and a one year high of $9.10. The firm has a 50 day simple moving average of $6.60 and a 200-day simple moving average of $7.41. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -6.49 and a beta of 1.75. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. Hanesbrands had a negative net margin of 8.06% and a positive return on equity of 108.01%. Equities research analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling at Hanesbrands

In related news, Director Robert F. Moran acquired 74,850 shares of the stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $6.01 per share, with a total value of $449,848.50. Following the completion of the transaction, the director now owns 216,373 shares in the company, valued at $1,300,401.73. This represents a 52.89 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reiterated 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. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Hanesbrands presently has a consensus rating of “Hold” and a consensus price target of $7.10.

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.