Renaissance Technologies LLC Increases Stock Position in Hanesbrands Inc. (NYSE:HBI)

Renaissance Technologies LLC grew its holdings in Hanesbrands Inc. (NYSE:HBI - Free Report) by 21.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,185,401 shares of the textile maker's stock after buying an additional 381,201 shares during the quarter. Renaissance Technologies LLC owned about 0.62% of Hanesbrands worth $17,789,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. grew its stake in shares of Hanesbrands by 56.8% during the 4th quarter. Federated Hermes Inc. now owns 14,089 shares of the textile maker's stock worth $115,000 after purchasing an additional 5,103 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Hanesbrands by 3.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 245,359 shares of the textile maker's stock worth $1,997,000 after acquiring an additional 7,097 shares during the period. Wells Fargo & Company MN raised its holdings in Hanesbrands by 6.6% during the fourth quarter. Wells Fargo & Company MN now owns 643,556 shares of the textile maker's stock worth $5,239,000 after purchasing an additional 39,868 shares during the last quarter. Trexquant Investment LP grew its holdings in Hanesbrands by 395.1% in the fourth 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 last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Hanesbrands during the 4th quarter worth $7,922,000. Institutional investors and hedge funds own 80.31% of the company's stock.

Hanesbrands Trading Up 1.7 %

Shares of NYSE:HBI traded up $0.08 during midday trading on Friday, reaching $4.40. The company's stock had a trading volume of 4,341,306 shares, compared to its average volume of 7,124,639. The business has a 50 day moving average price of $5.67 and a 200 day moving average price of $7.19. Hanesbrands Inc. has a 1 year low of $4.02 and a 1 year high of $9.10. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -4.78 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 (NYSE:HBI - Get Free Report) last released its earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping 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 business had revenue of $888.47 million for the quarter, compared to analysts' expectations of $899.30 million. Research analysts forecast that Hanesbrands Inc. will post 0.53 EPS for the current year.

Insider Activity

In other Hanesbrands news, Director Robert F. Moran acquired 74,850 shares of the company's stock in a transaction dated 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. The trade was a 52.89 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.46% of the company's stock.

Wall Street Analyst Weigh In

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

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.