Trexquant Investment LP Has $4.47 Million Position in Hanesbrands Inc. (NYSE:HBI)

Trexquant Investment LP lifted its holdings in Hanesbrands Inc. (NYSE:HBI) by 395.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 548,724 shares of the textile maker’s stock after buying an additional 437,895 shares during the period. Trexquant Investment LP’s holdings in Hanesbrands were worth $4,467,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP acquired a new stake in Hanesbrands during the 4th quarter worth about $7,922,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Hanesbrands during the fourth quarter worth approximately $313,000. Schroder Investment Management Group purchased a new position in Hanesbrands during the fourth quarter valued at approximately $980,000. Arrowstreet Capital Limited Partnership increased its stake in Hanesbrands by 60.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,493,266 shares of the textile maker’s stock valued at $44,715,000 after buying an additional 2,069,315 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in Hanesbrands by 45.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 54,409 shares of the textile maker’s stock worth $443,000 after buying an additional 16,934 shares in the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Hanesbrands Trading Down 5.2 %

Shares of NYSE HBI opened at $4.67 on Friday. The business has a 50 day simple moving average of $6.45 and a 200 day simple moving average of $7.38. Hanesbrands Inc. has a 52 week low of $4.40 and a 52 week high of $9.10. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of -5.07 and a beta of 1.55. 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $888.47 million during 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, research analysts predict that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robert F. Moran purchased 74,850 shares of Hanesbrands stock in a transaction on Tuesday, February 18th. The stock was bought at an average price of $6.01 per share, with a total value of $449,848.50. Following the completion of the transaction, the director now directly owns 216,373 shares of the company’s stock, valued at approximately $1,300,401.73. This represents a 52.89 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

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

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.