Pflug Koory LLC lowered its holdings in shares of Hanesbrands Inc. (NYSE:HBI) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,741 shares of the textile maker’s stock after selling 3,965 shares during the period. Pflug Koory LLC’s holdings in Hanesbrands were worth $768,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HBI. Nuveen Asset Management LLC lifted its stake in Hanesbrands by 43,296.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,222,555 shares of the textile maker’s stock valued at $107,153,000 after acquiring an additional 6,208,216 shares in the last quarter. Lyrical Asset Management LP grew its position in shares of Hanesbrands by 36.5% during the 2nd quarter. Lyrical Asset Management LP now owns 14,800,906 shares of the textile maker’s stock valued at $254,872,000 after acquiring an additional 3,961,663 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of Hanesbrands by 10.9% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 15,480,013 shares of the textile maker’s stock valued at $237,154,000 after purchasing an additional 1,523,461 shares in the last quarter. UBS Group AG increased its stake in shares of Hanesbrands by 244.1% in the 2nd quarter. UBS Group AG now owns 2,027,579 shares of the textile maker’s stock valued at $34,915,000 after purchasing an additional 1,438,360 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in Hanesbrands by 496.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 1,580,934 shares of the textile maker’s stock worth $24,291,000 after purchasing an additional 1,316,067 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

NYSE:HBI traded up $0.13 during trading hours on Tuesday, hitting $14.27. 4,345,664 shares of the stock were exchanged, compared to its average volume of 5,878,096. The firm’s fifty day moving average price is $14.71 and its 200 day moving average price is $15.17. Hanesbrands Inc. has a 52-week low of $12.90 and a 52-week high of $19.38. The company has a market cap of $5.01 billion, a P/E ratio of 8.35, a P/E/G ratio of 2.50 and a beta of 1.13. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 3.11.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, October 31st. The textile maker reported $0.54 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.54. Hanesbrands had a return on equity of 57.95% and a net margin of 8.35%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the company posted $0.55 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. Equities analysts expect that Hanesbrands Inc. will post 1.76 EPS for the current fiscal year.

In related news, insider W Howard Upchurch, Jr. sold 93,261 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $16.14, for a total transaction of $1,505,232.54. Following the completion of the transaction, the insider now owns 520,490 shares in the company, valued at $8,400,708.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.04% of the stock is currently owned by insiders.

A number of equities analysts have issued reports on the company. Wells Fargo & Co downgraded Hanesbrands from an “equal weight” rating to an “underweight” rating and set a $12.00 price target on the stock. in a research report on Thursday, January 2nd. B. Riley restated a “buy” rating and issued a $26.00 price objective on shares of Hanesbrands in a research report on Monday, November 25th. Barclays began coverage on Hanesbrands in a research note on Tuesday, November 12th. They set an “equal weight” rating and a $16.00 target price for the company. ValuEngine upgraded Hanesbrands from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 7th. Finally, Goldman Sachs Group set a $15.00 price target on shares of Hanesbrands and gave the company a “hold” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Hanesbrands presently has a consensus rating of “Hold” and an average price target of $16.14.

Hanesbrands Company Profile

Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.

Featured Story: volatile stocks

Institutional Ownership by Quarter for Hanesbrands (NYSE:HBI)

Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.