Invesco Ltd. Has $14.03 Million Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Invesco Ltd. reduced its holdings in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,723,209 shares of the textile maker's stock after selling 204,900 shares during the quarter. Invesco Ltd. owned 0.49% of Hanesbrands worth $14,027,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its position in shares of Hanesbrands by 122.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock worth $40,000 after purchasing an additional 2,712 shares in the last quarter. WFA Asset Management Corp bought a new position in shares of Hanesbrands during the fourth quarter worth about $46,000. GAMMA Investing LLC grew its position in shares of Hanesbrands by 39.7% in the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock worth $54,000 after acquiring an additional 1,895 shares in the last quarter. Allworth Financial LP raised its holdings in shares of 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 purchasing an additional 6,750 shares during the period. Finally, Bonfire Financial acquired a new position in Hanesbrands in the fourth quarter valued at approximately $90,000. Institutional investors and hedge funds own 80.31% of the company's stock.

Hanesbrands Stock Performance

Shares of NYSE:HBI remained flat at $4.82 on Friday. The stock had a trading volume of 3,126,995 shares, compared to its average volume of 7,074,329. The firm has a market capitalization of $1.70 billion, a P/E ratio of -5.24 and a beta of 1.55. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. Hanesbrands Inc. has a 12 month low of $4.02 and a 12 month high of $9.10. The company's 50 day moving average price is $5.43 and its 200-day moving average price is $7.08.

Hanesbrands (NYSE:HBI - Get Free Report) last released 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. The firm had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. Equities analysts expect that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Stifel Nicolaus dropped their target price on Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. UBS Group increased their price objective on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Wednesday.

Insider Buying and Selling

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

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.