Peapack Gladstone Financial Corp Lowers Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Peapack Gladstone Financial Corp reduced its position in Hanesbrands Inc. (NYSE:HBI) by 17.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,860 shares of the textile maker’s stock after selling 2,714 shares during the period. Peapack Gladstone Financial Corp’s holdings in Hanesbrands were worth $105,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in Hanesbrands by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker’s stock worth $14,003,000 after acquiring an additional 53,995 shares during the period. FMR LLC grew its stake in shares of Hanesbrands by 203.5% during the 3rd quarter. FMR LLC now owns 115,833 shares of the textile maker’s stock valued at $851,000 after buying an additional 77,669 shares during the period. Trexquant Investment LP grew its stake in shares of Hanesbrands by 395.1% during the 4th quarter. Trexquant Investment LP now owns 548,724 shares of the textile maker’s stock valued at $4,467,000 after buying an additional 437,895 shares during the period. Alberta Investment Management Corp grew its stake in shares of Hanesbrands by 31.4% during the 4th quarter. Alberta Investment Management Corp now owns 398,423 shares of the textile maker’s stock valued at $3,243,000 after buying an additional 95,177 shares during the period. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Hanesbrands during the 4th quarter valued at $62,199,000. 80.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Hanesbrands Stock Up 11.7 %

Shares of Hanesbrands stock opened at $4.86 on Thursday. The company has a fifty day moving average price of $6.08 and a 200 day moving average price of $7.30. 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 Inc. has a twelve month low of $4.02 and a twelve month high of $9.10. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of -5.28 and a beta of 1.55.

Hanesbrands (NYSE:HBI) last issued 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 for the quarter, compared to analyst estimates of $899.30 million. Equities research analysts forecast that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Activity

In related 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, for a total transaction of $449,848.50. Following the purchase, the director now owns 216,373 shares in the company, valued at $1,300,401.73. This trade represents a 52.89 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

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.