973,160 Shares in Hanesbrands Inc. (NYSE:HBI) Bought by Wellington Management Group LLP

Wellington Management Group LLP bought a new position in Hanesbrands Inc. (NYSE:HBI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 973,160 shares of the textile maker's stock, valued at approximately $7,922,000. Wellington Management Group LLP owned approximately 0.28% of Hanesbrands at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in 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 position in Hanesbrands in the fourth quarter valued at about $46,000. GAMMA Investing LLC boosted its holdings in Hanesbrands by 39.7% during the fourth quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock worth $54,000 after buying an additional 1,895 shares during the last quarter. Allworth Financial LP grew 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 worth $69,000 after buying an additional 6,750 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in shares of Hanesbrands in the 3rd quarter valued at about $77,000. Institutional investors own 80.31% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus decreased their price target on shares of Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a report on Thursday, April 10th.

Insider Buying and Selling at Hanesbrands

In other news, Director Robert F. Moran bought 74,850 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the transaction, the director now owns 216,373 shares of the company's stock, valued at $1,300,401.73. This represents a 52.89 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.46% of the company's stock.

Hanesbrands Stock Down 0.9 %

Shares of HBI traded down $0.04 during midday trading on Wednesday, hitting $4.40. The stock had a trading volume of 474,865 shares, compared to its average volume of 7,140,563. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -4.77 and a beta of 1.55. The company has a 50 day simple moving average of $5.79 and a two-hundred day simple moving average of $7.23. Hanesbrands Inc. has a twelve month low of $4.02 and a twelve month high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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. On average, analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current year.

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.