Hanesbrands Inc. (NYSE:HBI) Shares Sold by XTX Topco Ltd

XTX Topco Ltd cut its position in shares of Hanesbrands Inc. (NYSE:HBI) by 16.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,935 shares of the textile maker’s stock after selling 22,583 shares during the quarter. XTX Topco Ltd’s holdings in Hanesbrands were worth $919,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in Hanesbrands by 122.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock worth $40,000 after acquiring an additional 2,712 shares during the period. WFA Asset Management Corp purchased a new stake in shares of Hanesbrands in the fourth quarter valued at $46,000. GAMMA Investing LLC increased its stake in Hanesbrands by 39.7% in the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 1,895 shares during the last quarter. Allworth Financial LP lifted its position in Hanesbrands by 459.2% during the fourth quarter. Allworth Financial LP now owns 8,220 shares of the textile maker’s stock worth $69,000 after buying an additional 6,750 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in Hanesbrands in the 3rd quarter worth about $77,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Trading Down 2.7 %

HBI stock opened at $4.32 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -4.70 and a beta of 1.55. The business has a fifty day simple moving average of $5.79 and a 200-day simple moving average of $7.23. Hanesbrands Inc. has a 52 week low of $4.02 and a 52 week high of $9.10.

Hanesbrands (NYSE:HBI) last announced 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 company had revenue of $888.47 million during the quarter, compared to analyst estimates of $899.30 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. On average, equities research analysts expect that Hanesbrands Inc. will post 0.53 EPS for the current year.

Insider Activity at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran bought 74,850 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price of $6.01 per share, with a total value of $449,848.50. Following the purchase, the director now owns 216,373 shares in the company, valued at approximately $1,300,401.73. The trade was a 52.89 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus dropped their price objective on shares of Hanesbrands from $7.00 to $5.00 and set a “hold” rating for the company in a research note on Thursday, April 10th.

Hanesbrands 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.