LSV Asset Management Sells 482,749 Shares of Hanesbrands Inc. (NYSE:HBI)

LSV Asset Management lowered its holdings in shares of Hanesbrands Inc. (NYSE:HBI - Free Report) by 76.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 148,100 shares of the textile maker's stock after selling 482,749 shares during the period. LSV Asset Management's holdings in Hanesbrands were worth $1,206,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Hanesbrands by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 40,034,878 shares of the textile maker's stock valued at $325,884,000 after buying an additional 421,915 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Hanesbrands by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 7,914,447 shares of the textile maker's stock valued at $58,183,000 after purchasing an additional 89,367 shares during the last quarter. Hennessy Advisors Inc. bought a new position in Hanesbrands during the fourth quarter worth $62,199,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Hanesbrands by 60.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,493,266 shares of the textile maker's stock valued at $44,715,000 after purchasing an additional 2,069,315 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Hanesbrands by 147.7% in the fourth quarter. American Century Companies Inc. now owns 5,362,455 shares of the textile maker's stock valued at $43,650,000 after purchasing an additional 3,197,544 shares during the last quarter. Institutional investors own 80.31% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reduced their target price 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.

Hanesbrands Stock Performance

Shares of HBI stock traded up $0.08 on Friday, hitting $4.40. The company's stock had a trading volume of 4,341,306 shares, compared to its average volume of 7,126,920. 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. The stock's 50 day moving average is $5.60 and its 200-day moving average is $7.17. The company has a market capitalization of $1.55 billion, a PE ratio of -4.78 and a beta of 1.55.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (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 expect that Hanesbrands Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robert F. Moran acquired 74,850 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 trade represents a 52.89 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.46% of the company's stock.

About Hanesbrands

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.