Fuller & Thaler Asset Management Inc. Has $102.05 Million Stake in Hanesbrands Inc. (NYSE:HBI)

Fuller & Thaler Asset Management Inc. cut its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,536,586 shares of the textile maker's stock after selling 73,865 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 3.56% of Hanesbrands worth $102,048,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in Hanesbrands by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,720,247 shares of the textile maker's stock valued at $14,003,000 after acquiring an additional 53,995 shares during the last quarter. Trexquant Investment LP raised its holdings in shares of Hanesbrands by 395.1% in the 4th quarter. Trexquant Investment LP now owns 548,724 shares of the textile maker's stock valued at $4,467,000 after purchasing an additional 437,895 shares during the period. Schroder Investment Management Group acquired a new stake in Hanesbrands in the 4th quarter valued at about $980,000. Alberta Investment Management Corp grew its holdings in Hanesbrands by 31.4% during the fourth quarter. Alberta Investment Management Corp now owns 398,423 shares of the textile maker's stock worth $3,243,000 after purchasing an additional 95,177 shares during the period. Finally, Taika Capital LP acquired a new position in Hanesbrands during the fourth quarter worth approximately $1,054,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HBI shares. UBS Group raised their price objective on Hanesbrands from $7.00 to $8.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus cut their price target on Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Finally, Barclays set a $5.00 price objective on shares of Hanesbrands and gave the company a "cautious" rating in a report on Monday.

Hanesbrands Stock Performance

NYSE:HBI traded down $0.03 during mid-day trading on Monday, hitting $4.81. 1,450,548 shares of the stock were exchanged, compared to its average volume of 7,059,403. The firm's 50-day simple moving average is $5.43 and its 200 day simple moving average is $7.08. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -5.22 and a beta of 1.55. Hanesbrands Inc. has a fifty-two week low of $4.02 and a fifty-two week high of $9.10. 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 - Get Free Report) last posted its earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. The company had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. As a group, equities analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling at Hanesbrands

In related news, Director Robert F. Moran purchased 74,850 shares of Hanesbrands stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 216,373 shares of the company's stock, valued at $1,300,401.73. This represents a 52.89 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.46% of the company's stock.

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.