Amundi Has $1.47 Million Stake in Hanesbrands Inc. (NYSE:HBI)

Amundi increased its holdings in Hanesbrands Inc. (NYSE:HBI) by 184.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 176,316 shares of the textile maker’s stock after buying an additional 114,402 shares during the period. Amundi’s holdings in Hanesbrands were worth $1,465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in Hanesbrands by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker’s stock valued at $14,003,000 after acquiring an additional 53,995 shares during the last quarter. FMR LLC increased its stake in Hanesbrands by 203.5% in the third quarter. FMR LLC now owns 115,833 shares of the textile maker’s stock valued at $851,000 after acquiring an additional 77,669 shares during the last quarter. Alberta Investment Management Corp increased its stake in Hanesbrands by 31.4% in the fourth quarter. Alberta Investment Management Corp now owns 398,423 shares of the textile maker’s stock valued at $3,243,000 after acquiring an additional 95,177 shares during the last quarter. Hennessy Advisors Inc. bought a new position in Hanesbrands in the fourth quarter valued at approximately $62,199,000. Finally, Landscape Capital Management L.L.C. bought a new position in Hanesbrands in the third quarter valued at approximately $785,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Hanesbrands Stock Performance

NYSE HBI opened at $5.90 on Wednesday. The firm’s fifty day moving average price is $7.13 and its two-hundred day moving average price is $7.45. The stock has a market cap of $2.08 billion, a PE ratio of -6.41 and a beta of 1.75. Hanesbrands Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $9.10. 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 earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm 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%. On average, equities analysts expect that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Insider Transactions at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran purchased 74,850 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.