Hanesbrands Inc. (NYSE:HBI) Position Reduced by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its position in shares of Hanesbrands Inc. (NYSE:HBI) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,902,598 shares of the textile maker’s stock after selling 13,249 shares during the period. Alliancebernstein L.P.’s holdings in Hanesbrands were worth $39,907,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HBI. Smartleaf Asset Management LLC lifted its holdings in shares of Hanesbrands by 122.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock valued at $40,000 after buying an additional 2,712 shares during the period. WFA Asset Management Corp acquired a new stake in Hanesbrands in the 4th quarter valued at about $46,000. GAMMA Investing LLC lifted 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 valued at $54,000 after acquiring an additional 1,895 shares during the last quarter. Allworth Financial LP boosted its position in shares of Hanesbrands by 459.2% during the 4th quarter. Allworth Financial LP now owns 8,220 shares of the textile maker’s stock valued at $69,000 after purchasing an additional 6,750 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of Hanesbrands in the 3rd quarter worth approximately $77,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Price Performance

HBI stock opened at $4.67 on Friday. Hanesbrands Inc. has a one year low of $4.40 and a one year high of $9.10. The firm has a 50-day moving average of $6.45 and a two-hundred day moving average of $7.38. The firm has a market capitalization of $1.65 billion, a PE ratio of -5.07 and a beta of 1.55. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $888.47 million during the quarter, compared to analyst estimates of $899.30 million. On average, analysts forecast that Hanesbrands Inc. will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran bought 74,850 shares of the stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $6.01 per share, with a total value of $449,848.50. Following the purchase, the director now directly 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 document filed with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by 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.