Alberta Investment Management Corp Buys 95,177 Shares of Hanesbrands Inc. (NYSE:HBI)

Alberta Investment Management Corp grew its stake in Hanesbrands Inc. (NYSE:HBI) by 31.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 398,423 shares of the textile maker’s stock after purchasing an additional 95,177 shares during the quarter. Alberta Investment Management Corp’s holdings in Hanesbrands were worth $3,243,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Hanesbrands by 1.1% during the third quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker’s stock valued at $58,183,000 after buying an additional 89,367 shares during the period. Hennessy Advisors Inc. bought a new stake in Hanesbrands during the 4th quarter valued at approximately $62,199,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Hanesbrands by 0.3% during 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 during the period. JPMorgan Chase & Co. raised its position in shares of Hanesbrands by 484.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,143,791 shares of the textile maker’s stock worth $15,757,000 after acquiring an additional 1,776,690 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Hanesbrands by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker’s stock valued at $14,003,000 after purchasing an additional 53,995 shares during the period. 80.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $7.00 price target (down from $8.00) on shares of Hanesbrands in a research note on Friday, February 14th. Barclays upped their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and lifted their price target for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.10.

Insiders Place Their Bets

In other news, Director Robert F. Moran purchased 74,850 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were purchased 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 directly 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Hanesbrands Stock Down 0.4 %

Shares of NYSE:HBI opened at $6.18 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. The stock has a fifty day simple moving average of $7.96 and a two-hundred day simple moving average of $7.45. Hanesbrands Inc. has a 12-month low of $4.40 and a 12-month high of $9.10. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of -6.71 and a beta of 1.63.

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